SAS Energy Forecasting

In August, 2013 the SAS company presented a new solution for the enterprises of fuel and energy complex - SAS Energy Forecasting. It allows to predict demand and electricity consumption, quickly analyzing large volumes of data. SAS Energy Forecasting contains special forecast models and also comprehensive tool kit for the subsequent refining of the received forecasts of data and accomplishment of user preferences. Forecasting methods of time series, intelligent data analysis and other analytical algorithms allow to create scenarios of further succession of events which reflect realities of business more precisely and help to make the most effective decisions at any level.

In most the Russian energy companies still there are no modern tools of analytics allowing to do long-term forecasts. In such conditions development planning of infrastructure becomes extremely difficult, and accomplishment of obligations and requirements of regulators is permanently connected with any operational and financial risks. Relying only on expert opinion when forecasting consumption and loading, the enterprises of the electrical power industry are forced to enter, in particular, the balancing market to sell unclaimed energy or to have an opportunity to compensate increase in demand which could be predicted. Capability precisely to predict the value and possible deviations of demand for the electric power in different regions directly influences a financial result of the organization.

The solution of SAS helps energy companies to work more effectively, using the Big Data arriving from objects of generation and other sources for formation of exact and timely forecasts of loading and demand in the short-term and long term. The planning horizon with SAS Energy Forecasting can vary in the widest limits - from the next hour to 50 years. Work with the solution helps to manage more effectively assets, generation and trade operations in the electricity market.

The Russian energy market is opaque and is characterized by a large number of sources of diverse data. SAS Energy Forecasting allows to solve optimum a problem of collecting and the analysis of these data as it is the complete solution which includes both management tools data, and reporting construction tools, and the most modern methods of profound analytics in the world. Such approach helps the energy companies most fully and to quickly process huge amounts of data - only this way today experts, monitoring, for example, a situation in wholesale market of the electric power, can predict in the best way demand and correct the actions to avoid purchase of more expensive electric power for compensation of sharply increased demand which is not provided with the offer.

"The new solution of SAS allows to minimize errors in forecasts, to achieve significant savings and to adapt quickly to the changing conditions. It is especially relevant for Russia, considering country scales, volumes of energy consumption and opacity of the electricity market" — Veronika Mitroshkina, the head of energy industry of SAS Russia/CIS company comments.

NP Market Council works with a packet of the SAS Analytics tools to build forecasts, to conduct researches, to find the reasons for which market mechanisms work incorrectly. One of the largest generation companies of the country uses the solution SAS EGRC for operational risk management.

The solution SAS Energy Forecasting is the unique specialized solution for the power industry, flexible and scalable today, capable to provide automation and high performance of processes of collecting and data analysis, creation of various forecasts and the reporting.