Forecasting

The higher the share of renewable energies in the electricity mix, the more important it is to reliably forecast their production: Parties with grid responsibility such as DSOs and TSOs need to know as precisely as possible what feed-in volumes they can expect in order to keep the grid stable, even if feed-in fluctuates. Any deviations from the predicted volumes must be compensated for in the short term, thus resulting in high system costs.
NEMOCS is the perfect tool for monitoring the feed-in of renewable energy sources. By providing you with accurate live data, our VPP-solution gives you a strong foundation for reliable forecasting.

In many countries, deviations between forecasted and actual feed-in can be compensated by trading on short-term energy markets. This is exactly what we do as a certified power trader with our 2,000 MW portfolio of PV in Germany. First, we trade the assets on the day-ahead market based on forecasts. The day-ahead forecast is calculated from weather data and static system data (e.g. inclination angle of the PV module, location, etc.). On the day of the actual feed-in, deviations from the day-ahead forecast occur. If this deviation persists, it would have to be eliminated by balancing energy, which would be charged to the responsible party.
In order to minimize the need for costly balancing energy, our traders continuously try to close the gap between day-ahead forecasts and actual feed-in. Live data from our networked assets is essential for this, as it brings the forecast closer to real generation. In this way it is not only possible to minimize balancing energy costs, but also to support grid stability.

As the operator of one of the largest VPPs in Europe, we network thousands of assets in our Next Pool. Using our 24/7 power trading floor, we also trade power on various European power exchanges such as EPEX Spot or EEX. With NEMOCS you'll gain access to the powerful infrastructure, which has proven itself time and again in our daily business.

Please fill out the contact form below, if you would like to have a live demo of our VPP solution NEMOCS for monitoring renewable energies and getting live data for reliable forecasts.