Short Range Forecasting
We harness the power of the TESLA Model in conjunction with weather forecast inputs to generate highly accurate short range load forecasts. Our short range load forecasts are accompanied by a host of tools to help you craft the best possible understanding of the near future of your electric power demand. Read more…
Medium & Long Range Forecasting
For longer forecast horizons, traditional weather forecast inputs are not reliable. Our solutions leverage the history of observed weather for a given load area to inform a range of possibilities of the future. That range of possible weather futures corresponds to a range of possible load futures, from which we can extract and present informative percentile forecasts. Read more…
Probabilistic Forecasting
Forecasting naturally involves a great deal of uncertainty stemming from a variety of sources. We can help you quantify that uncertainty using weather forecast ensembles and/or probability distributions to construct more meaningful confidence intervals around your short-range load forecasts. Read more…
Weather Effect Decomposition
Not only can the TESLA Model be used to look forward, but here we use it to look backward and weather-normalize observed load to smooth out the peaks and troughs associated with deviations from seasonally normal weather. The resulting weather adjusted load series gives a more accurate picture of underlying growth trends. Read more...