Reliable power and energy supplies are essential. But while interruptions in the power supply should obviously be avoided as much as possible, overcapacity in energy is expensive and often difficult to store.
So ideally production capacity in an energy plant should match demand. And the main challenges in accomplishing that balance lie in demand forecasting and production planning.
How ORTEC adds value
ORTEC is experienced in both energy studies and tool development.
Our solutions enable accurate electricity price forecasts by using multiple forecasting methods and helping the user evaluate the performance of each of those methods. So you can produce better forecasts, resulting in improved reliability and production planning, and increased profit margins.