Short-Term Power Forecasting

AI-driven solution for Renewable Generators in Australia
Reduce penalties with accurate forecasts

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Deliver Accurate Power Forecasts

See how an Australia power producer saved 26% in penalties

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Deliver Accurate Forecasting

Reduce Dispatch Uncertainty

Lower Operational (FCAS) Costs

Improve Grid Stability

Smarter Solution, Improved Bottomline

Short-term (5-minute ahead) power forecasting service by Utopus Insights allows renewable power producers to do Self Forecasts in Australia for the National Electricity Market (NEM) with far greater certainty, reducing the amount of Frequency Control Ancillary Services (FCAS) to be supplied to the grid, and lowering cost-prohibitive penalties. This opens up the opportunity for more renewable energy to flow into a more stable electric grid.

Using our forecasting service, power producers can submit 5-minute ahead Dispatch Forecasts in addition to ANEMOS Dispatch Forecasts. This enables the output of semi-scheduled generators to be closer to offers in the National Electricity Market Dispatch Engine (NEMDE).

Power Forecasting

Short-term continuous forecasting for a 5-minute interval, 5 minutes ahead

Forecast Submission

High performance forecast submittal (< 4 minutes from Farm to Forecast)

Data Connectivity

Secured Direct Farm Connectivity for direct ingestion (supports ALL OEMs)

Data Measurement

High resolution / Low Latency measurement data flow

Data Processing

Fast data processing and scalable to accommodate multiple models

Data Security

Secured API connectivity for forecast submission

Lower operational cost of balancing energy supply and demand

Short-term power forecasting to help improve operational and commercial outcomes for power producers in Australia's National Electricity Market, while staying on the forefront of renewables transformation

24/7 SERVICE

Monitoring

24/7 Data and Model Monitoring

Support

24/7 Customer Support Service

ARENA Short-Term Power Forecasting Project For NEM

Utopus Insights First To Qualify

First Self Forecasting provider qualified, passing multiple performance tests against the local forecast provider; met stringent system availability and reliability requirements

Improved Accuracy

Short-term power forecasting service by Utopus Insights delivered accuracy performance improvement greater than 15%; and even more during high power output

Reduced Penalties

All models deployed outperformed the existing forecast solution and saved 26% of participant causer pay fees

ARENA Short-Term Forecasting Report

Self-forecasting provides renewable generators to more accurately predict power production and more closely meet dispatch target.

ARENA Spotlight Interview

Interview with Utopus Insights, Vestas, and Iberdrola Australia regarding the Short-Term Forecasting pilot at Iberdrola Australia's Lake Bonney 2 and 3 wind farms.

Very pleasing to see the financial benefits

"The results we’ve seen have made a compelling case to Iberdrola Australia that an ongoing subscription is worth the cost. It is very pleasing to see the financial benefits that the Vestas and Utopus Insights self-forecasting solution has been able to achieve for Lake Bonney 2 and 3 Wind Farms."