Connecting to data at a granular level enables Innowatts AI to Extract Insights into the usage and generation of electricity behind every meter. Be that a meter at a home, office, commercial or industrial facility or from within the power network. These Insights, in conjunction with our proprietary weather service and bottoms up approach, enables us to deliver award winning forecast accuracy at any level of aggregation within your portfolio and for any time horizon.
The proliferation of Photovoltaics (PVs), Batteries, and other Behind the Meter (BTM) generation, has reached a point where they are having a meaningful impact on demand forecasts. Innowatts ability to identify BTM devices and generate individual forecasts, helps to ensure that the net demand is accurately comprehended. Additionally the generation forecast acts as a key input in the forecasting of load optionality.
Traders and Risk Managers need to anticipate likely wholesale price moves and system peaks. A key factor in driving these pricing moves is the total system load for the market in which you are operating. Innowatts provides an industry leading 14 day ISO Forecast with proven performance during extreme weather events.
Utilizing Innowatts Demand Insights, you can determine your outstanding exposure using our Net Open Position capability which forms part of the Innowatts Risk Management solution. Using meter and interval level data, you and your team will have improved transparency to better understand the risk of your Net Open Position and optimize your commodity risk.
By combining historic usage data, portfolio growth estimates and our BTM Insights, the Scenario Analysis service enables you to model the impact of a variety of weather patterns on your energy portfolio. Scenarios can be applied and analyzed for forecasted load and or generation forecasts from meter level right up through system level views.
In many markets, the cost of Transmission and Distribution (T&D) charges is calculated based on the recorded usage for an individual meter at the times of system peaks within specified months of the year. Innowatts System Forecasts combined with Meter Level Forecasts and Load Optionality provide you with the ability to understand when these peaks will occur, what load you can shift and drive action to reduce your T&D charges.
Drive load changes by understanding which meters have future flexibility, and push notifications to end users and control systems. Our BTM Insights identify and forecast load optionality of BTM devices, and by using our platform’s Alerting and Integration functions, users can drive meaningful change in load shapes and reduce their cost of supply.
The trends of distributed generation and electrification of heat, cooling and transport, coupled with net zero targets, are changing the way in which you need to plan and operate your grid assets. Innowatts provides you with visibility into where constraints will occur in the short and longer term, enabling you to effectively operate your grid to minimize over or under load risk, cost, and carbon impact, while planning for future grid investment programs.