The cloud version is a 24/7 Cloud supercomputing analytics service. No software installation or development required. ISO and weather data are provided. Models are calibrated and executed automatically at set time intervals.
We offer (sub)-hourly price forecast: nodal, LMP, zonal and trading hub, as well as indivdual client’s nodal price. Weather data included.
We offer two price forecast models. Real-time intraday and day-ahead forecasts, going 5 days out, are executed every period, around the clock. Medium to long-term forecasts, going months and years out, are executed once a day.
Flexible Connectivity Bridge allows to automatically integrate data from world ISO markets and weather data services. No SQL and no coding. Forecast results are available through multiple reports, and can be exported manually in Excel, or automatically via our flexible API, into any desired format.
Our forecasting methodology is universal and applies to all ISOs worldwide. We continually monitor and enhance our forecasting models.
State-of-the-art proprietary forecasting platform using deep level Artificial Intelligence and machine learning algorithms. Multiple curves and indicators can be used as inputs. These can be added and removed with a mouse click. Here are some typical examples:
Historic ISO prices, energy spot and reserves, real-time, day-ahead, sub-hourly, prior to a period quotes (in some markets). These can be nodal LMP (Locational Marginal Price), or LWAP (Load Weighted Average) zonal, hub or region prices.
ISO provided price and load forecasts if any, day / look ahead. Nodal, LMP, zonal, trading hub, region or system.
Outage and plant availability. Multiple weather data indicators.
ISOs' standard nodal, LMP, trading hubs, regional or zonal prices.
Custom Price Forecasting. Make your own price index by creating a mixed basket of nodal, LMP, zonal, hub or region LWAP prices. Then the index is evaluated at run-time. When defining index formula, you specify min and cap values. Any value in the basket outside this range is discarded at run-time. The index can then be pointed to a price forecasting job and be trained on the index data.
Detailed MAPE error analysis is provided on back testing.
Input curves and indicators are ranked in order of effectiveness, so that the model can be fine tune and improved.
Actual data and forecast are gathered in live real-time "Data Panels" with plots, tabular display and export capability to CSV.
Rolling forward indicators, such as previous hour, yesterday same hour, last week same day and hour, yesterday 24 hour average, last week average.
Calendars to filter out and interpolate weekend and holiday effects.
Start and end date for training or calibration of the model.
Our technology and methodology are universal and market agnostic.
Model configurations and estimated parameters are visible and auditable. Results are saved individually.
Multiple security access levels are defined for users
Extensive import and export capabilities are offered.
Solution runs automatically at every market period.
Analytics models are monitored and enhanced continually.
QR Connectivity Bridge™ automates data fetching and management. E.g., electricity load and price data from ISOs, power pools, SCADA and meter systems.
Seamless integration with trading, scheduling and optimization.
Forecasting jobs can be set to run automatically as part of interconnected network of business processes.
Leverage next generation dual-use cloud on-site architecture. QR Cloud is a live 24/7 supercomputing platform with a vast array of ready-to-use models and templates. You can select, download and customize any configuration from QR Cloud in your own instance, whether on-site or on QR Cloud.
QR System is a single universal software for all on-site and QR Cloud instances, and is upgraded quarterly free of charge. Actual clients’ implementation are configured in a database, which is portable from QR Cloud to on-site.
QR Cloud is ideal for medium size players. No software installation, IT infrastructure, resources or efforts required. All you need is a browser.
Private Cloud or on-site are for entities wishing to control data and processes.
Whether on the cloud or on-site, no permanent license and no hefty initial license fee. Just pay 1 single yearly subscription fee for license, cloud supercomputing, maintenance and on-going upgrades.
Start with an actual Trial to test our platform and the quality of our expert team. Continue if satisfied. Cancel if the Trial fails to meet your expectations.
Ready for use out-of-the-box, no development or coding.
Cost-effective speedy implementation via intuitive configuration. Select, download and customize any configuration from QR Cloud in your own instance, whether on-site or on QR Cloud. Save years and millions.
Our expert team are here to help with any questions you have regarding QR Cloud Services™. Call or email today.