Boston, MA (PRWEB) July 22, 2014
Genscape, the premier provider of market intelligence in the United States electric power markets, forecasted the 42.5GW peak demand seen on July 7, two days before SPP published its forecast. This peak demand is the highest thus far in SPP’s new Integrated Marketplace which launched on March 1st.
Genscape’s early notice of the high demand day gave asset owners time to prepare and react to the strong demand far in advance of market participants solely relying on SPP reports, which publish 1-2 day rolling forecasts.
“Our report hit clients’ inbox four days in advance of the strong peak,” said Stephen Maestranzi, Director of SPP Market Intelligence at Genscape. “This gave them the chance to prepare their operations while the rest of the market was still in the dark.”
Genscape’s new SPP Market Intelligence Service is designed to help market participants understand prices, market drivers and risk, and to accurately forecast prices. In a recent colloquium, Observations of Fundamental Drivers in SPP's New Integrated Marketplace, Genscape’s analysts provided a detailed look at the power supply and demand trends in the SPP marketplace, helping viewers understand the risks and opportunities in the SPP market this summer.
The recording and slides from Observations of Fundamental Drivers in SPP's New Integrated Marketplace are currently available for download at: http://info.genscape.com/SPP-Peak-Demand-July-7. Additional information and free two-week trials of Genscape’s Power Market Intelligence services are available here: http://info.genscape.com/SPP-market-intel-trial-July2014.
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain first-mover advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com