WAYNE, Pa., Aug. 20, 2002 — Planalytics Inc. announced recently the addition of numerical megawatt hour demand forecasts to its Planalytics® PowerPlannerSM long-range analytical forecasting tool for companies involved in the generation, transmission, or marketing of electric power.
Previously, PowerPlanner’s power demand forecasts were available only as a percentage increase or decrease compared to previous years.
Megawatt hour (MWh) demand forecasts are now displayed in a numerical format for each week and month up to one year into the future for most North American Electric Reliability Council (NERC) sub-regions and major metropolitan areas in the United States.
The forecasts are based on mandatory power utility demand filings with the Federal Energy Regulatory Commission (FERC) via FERC Form number 714. FERC collects this information for all electric utility control and planning areas in the United States.
“When we launched PowerPlanner last year, we immediately set out to increase its value to users by developing an accurate methodology to forecast megawatt hour demand, which is no easy task given its weather-driven volatility,” said Paul Corby, Senior Vice President for Planalytics Energy. “We now have a complete product that quantifies the effect of future weather on power load demand.”
Planalytics PowerPlanner provides a more accurate forecast because it determines how long-term forecasted weather, not historical weather, will impact demand for power. Using proprietary year-ahead climate forecasts and neural network technologies, Planalytics PowerPlanner projects periods of rising, falling, and peak demand for 10 NERC regions, 21 NERC sub-regions, and 96 metropolitan areas in the United States.
Planalytics is hosting a live PowerPlanner WebCast from 3:00 – 3:30 p.m. (EDT) on August 27. This complimentary 30-minute online presentation will provide an introduction to the tool and explain the benefits it can bring to organizations in the power industry. To register for the event go to www.planalytics.com/energy.
Wayne, PA-based Planalytics (www.planalytics.com) is a supply chain planning and optimization technology company that helps companies make more effective and profitable decisions by forecasting weather-driven changes in supply, demand and prices for products and services. Companies in all industries use Planalytics’ technologies to avoid squandered opportunities and poor financial results caused by the unanticipated impact of weather volatility.
SOURCE: Planalytics Inc.