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Short-term electricity spot forecasts


 

 

Get an accurate view of the day ahead prices in Finland and the impact of energy market changes.

 

Turku Energia
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Kuopion Energia
Oulun Energia
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"Your forecast brings a high quality comparative view alongside other day ahead forecasts. The accuracy of your forecasts has convinced us, especially for high and low prices."

Kalle Karjala, Turku Energia
Kalle Karjala

Manager, Operations at Turku Energia

Short-term spot forecasts

We provide electricity spot market forecasts from the Finnish bidding zone for 7 days ahead using machine learning-based forecasting models.

Integrations

Integrate our latest spot forecasts into your systems using our API interface.

Precise accuracy

Average error of 14 EUR/MWh* in the first 24 hours. 22 EUR/MWh* week ahead error.

*Forecast error measurement period February-August 2024.

 

Short-term price forecasts for

Energy producers

Optimising energy production, processes, and day ahead offers.

Electricity retailers

Optimising day ahead offers and providing spot price forecasts to consumers.

Electricity distributors

Understanding the spot market, and providing spot forecasts to consumers.

Industry

Designing processes and production as they flex. Optimising market offers.

Energy optimization companies

Integrate spot forecasts into optimization systems. Optimization of electricity use and processes for industry and consumers.

How is the forecast formed?

The forecasting model reacts flexibly to different situations in the electricity market. The model uses weather forecasts, the status of power plants and transmission links, fuel prices, the hydropower in the Nordic countries, and several other variables as input data.

The forecasting model uses a wide range of data from European bidding zones. The implementation is based on non-machine learning heuristics in addition to machine learning.

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