Analysis, Forecasts and Data in a Volatile Power Market

For any company that is active in the power market or has exposure to power prices, access to trustworthy and consistent analysis and forecasts has never been more important, writes Jørund Haartveit SVP, Volue Insight.

Published

Aug 30, 2022

Someone shows something on a tablet with a pen

We are currently experiencing unprecedented changes in the power market and the energy domain as a whole – and this is within a world that is increasingly dependent on electricity. Price levels and volatility have never been higher – a situation that is expected to persist and continue in the coming years.

For any company that is active in the power market or has exposure to power prices, access to trustworthy and consistent analysis, forecast for fundamentals, and prices has never been more important.

In the current price regime with high volatility, the consequence of not having the latest information could mean the difference between high profits and going out of business.

I am often asked how Volue can support power market players with data and analysis.

In Volue, we provide forecasts for all weather-driven fundamentals across Europe and across all time horizons. We quantify the uncertainty and the impact on price.

We have developed in-house proprietary models from hydro to wind and solar production and electricity consumption. This, together with a plant-by-plant representation and information on availabilities, efficiencies, ramp rates, and grid constraints, helps us model and predict prices and electricity flow for all price regions in Europe, leveraging the full power of data across all areas.

In a complex market setting, I see that power market players need help to manage the information overflow. They need insight and data on what really matters. This allows them to efficiently manage their risk and their continuous operations and trading in all markets – from the balancing markets, intraday and Spot market to further out on the curve – 24/7.

Volue Insight analysis forecasts data

My team has the largest independent group of subject market experts within the power domain who are solely focusing on the European power market. Their expert opinions through webinars, daily commentaries and recommendations are in high demand.

At the same time, we see a lot of similarities with Japan, the largest energy market that has been liberalised in recent years. Much like in Europe, power market players there need support. They need easy access to consistent, reliable and timely data, forecasts, and trusted analysis. This is the only way they can understand the shifting market dynamics, reduce risk exposure and execute trades in multiple markets at the right time.

In a power market that is getting increasingly interconnected and with trading operations running 24/7, market players depend on reliable data and forecasts to reduce risk, create value and stay ahead of the game.

We provide real-time data, forecasts and market analysis for the next 15 minutes to 30 years, and beyond. Data loaders and quantitative models are running continuously on our scalable cloud-based platform to serve our clients with the most up-to-date information and critical insight.

Our services support our clients in making informed decisions about navigating this changing, volatile market environment, managing their risk as well as being able to take advantage of the opportunities that arise.

Photo of Jørund Haartveit

Without data and analysis, you cannot understand the shifting market dynamics, reduce risk exposure and execute trades in multiple markets at the right time.

Jørund Haartveit

SVP, Volue Insight