The information advantages of multiple forecasts: why many models are better than one
Note: this post assumes some familiarity with the Nordic RK (“Regulerkraft” or “regulating energy”) power market. For those without such...
Here we publish occasional thoughts, opinions and analysis on all things power markets. Be sure to register as a member to receive a updates and notifications each time we post something new!
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Gavin
- Sep 2, 2021
- 4 min
Forecasting in power markets: beating the naive forecast
In our previous post, we examined the naive forecast, and in particular its performance for forecasting market outruns (such as market...
Gavin
- Sep 1, 2021
- 2 min
Forecasting in power markets: how good is the naive forecast?
In time series forecasting, the naive forecast - where the forecast for all future periods is set equal to the value from the current...
Gavin
- Oct 14, 2020
- 1 min
Optimeering successfully closes early round financing
We have just successfully closed our "late seed" round of financing - are are really excited about the opportunities this gives us.
Gavin
- Sep 30, 2020
- 1 min
Optimeering to present upcoming Practice of OR webinar on market clearing for complex markets
Optimeering will present on clearing and pricing in markets with complex bids in the upcoming EURO Working Group in OR Practice webinar
Gavin
- Sep 22, 2020
- 1 min
Optimeering awarded the Smart Grid Center's Innovation Prize for 2020
Optimeering awarded the Norwegian Smart Grids Center's Innovation Prize for 2020, for Impala real-time grid imbalance management
Gavin
- Jun 9, 2020
- 1 min
Impala research paper published
We recently published a research paper describing the Impala algorithm for forecasting intra-hour power system imbalances, together with...