Genscape, a provider of market intelligence in the United States electric power markets, forecasted the 42.5 GW peak demand seen on July 7, two days before SPP published its forecast. This peak demand is the highest thus far in SPP’s new Integrated Marketplace which launched on March 1st.
The graph shows daily demand from July 3 to 7 and when Genscape and SPP alerted market participants to the likelihood of peak demand on July 7.
Genscape’s early notice of the high demand day gave asset owners time to prepare and react to the strong demand far in advance of market participants solely relying on SPP reports, which publish 1-to-2 day rolling forecasts.
“Our report hit clients’ inbox four days in advance of the strong peak,” said Stephen Maestranzi, Director of SPP Market Intelligence at Genscape. “This gave them the chance to prepare their operations while the rest of the market was still in the dark.” The new SPP Market Intelligence Service helps market participants understand prices, market drivers and risk, and to accurately forecast prices.
In a recent colloquium, Observations of Fundamental Drivers in SPP’s New Integrated Marketplace, Genscape’s analysts provided a detailed look at the power supply and demand trends in the SPP marketplace, helping viewers understand the risks and opportunities in the SPP market this summer.
The recording and slides from Observations of Fundamental Drivers in SPP’s New Integrated Marketplace are currently available for download at: http://info.genscape.com/SPP-Peak-Demand-July-7. Additional information and free two-week trials of Genscape’s Power Market Intelligence services are available here: http://info.genscape.com/SPP-market-intel-trial-July2014.
Genscape
www.genscape.com
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