Grid Demand Forecasting Software

Grid demand forecasting predicts how much electricity will be consumed across a given market or zone. Price forecasting predicts what that electricity will cost. Demand is one of the primary drivers of price, so the two are complementary. Traders often use Amperon's grid demand forecasts alongside price forecasts to sharpen their market positions and hedging decisions. 

Amperon's grid demand forecasts are 2-3x more accurate than ISO forecasts on average. Actual results vary by grid, by day, and by forecast horizon. Amperon's models retrain hourly on the latest demand signals and hyper-local weather inputs from 40,000+ weather points, producing a more responsive and continuously improving forecast than the models most ISOs publish. Additionally, Amperon’s short-term forecasts predict demand from bal-day through 14 days out, whereas many ISO forecasts look only 7 days out.

Amperon's grid forecasts span from real-time through five years. The short-term forecast covers 0-14 days for day-ahead bidding and real-time operations. The mid-term forecast covers 0-7 months for term trading and seasonal planning. The long-term forecast covers 1-5 years for forward trading, resource adequacy, and regulatory filings. Each product is purpose-built for its horizon, with modeling assumptions and update frequencies calibrated accordingly. Note that the mid-term forecast is not optimized for short-term trading; it should be paired with a short-term forecast for maximum accuracy in the 0-14 day window.

Net demand forecasting predicts total grid consumption minus the contribution from grid-scale solar and wind, which yields the residual load that dispatchable resources must serve. Renewable asset forecasting predicts the generation output of individual solar or wind assets. Net demand is primarily used by traders and planners managing grid-level supply and risk. Asset forecasting is used by operators and portfolio managers making bidding and scheduling decisions at the asset level. Learn more about Amperon's renewable asset forecasting capabilities on the Solar Forecasting and Wind Forecasting product pages. 

Grid demand forecasts typically go live within a matter of days. Because these forecasts operate at the ISO and zonal level using Amperon's existing global grid models, there is no custom model build required. Customers can access forecasts through the Amperon platform, API, CSV export, or Snowflake integration shortly after onboarding.