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PowerSight Regional Wind Forecasting

PowerSight Regional Wind Forecasting

Designed for: Operator, Grid System Operator & Energy Marketer/Trader
For pricing and purchase details:
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Product Description

Primary Uses

  • Manage PPAs, EMAs, hedges, and energy trades
  • Reduce imbalance charges and penalties
  • Predict forward market conditions and calculate supply curves
  • Make informed decisions about reserve energy sources
  • Gain efficiency and manage asset optimization across your portfolio
  • Make informed decisions about purchasing transmission rights
  • Reduce the occurrence and length of curtailments
  • Make informed operational and maintenance decisions to improve efficiency and worker safety

3TIER applies cutting edge science and robust super-computing capabilities to solve the problem of renewable energy variability. Our PowerSight Regional Wind Forecasting package has been developed to give energy traders, schedulers, and asset managers the information they need to reduce risk and make smarter day-to-day financial and operational decisions. Our day- and week-ahead forecasts enable you to bid into the day-ahead market and proactively manage your assets based on scientifically supported predictions rather than reacting to real time constraints.

PowerSight Regional Wind Forecasting Available Regions

As wind generation continues to penetrate the U.S. energy supply, its growing impact on the energy market makes understanding and predicting wind behavior more crucial than ever before. In the face of wind volatility, 3TIER's Regional Wind Forecast gives you the critical competitive edge to increase efficiency and financial gain through improved market participation of your energy resources. This forecast also enables efficient and optimal resource scheduling, helping mitigate the combined impact of wind plant concentration, dramatic energy price fluctuation, transmission congestion, and the very nature of wind variability.

With 3TIER, you can count on the most accurate and reliable information at the right time. Our Regional Wind Forecast is designed for optimum accuracy and usability, providing a market-wide view of current aggregate power and wind speed as well as what lies ahead. This forecast also allows both region-wide insight as well as perspective on each sub-region. We guarantee 24/7 access and will customize the definition of each sub-region to your specific needs.

Technical Overview

Product Features

Day-Ahead Forecast
  • Updates 4 times per day
  • 84 hour projection
  • 1 hour granularity
Week-Ahead Forecast
  • Updates once daily
  • 168 hour projection
  • 1 hour granularity

Both forecasts include hourly values for aggregate power in megawatts, generating capacity by percentage, and aggregated capacity-weighted wind speed.

Optional Features

  • Where aggregate power data is available, 3TIER can apply model output statistics (MOS) to the model simulations, reducing overall forecast error and correcting forecast biases. The forecasted and observed power for a specified time horizon is shown as an easy to interpret time-series graphic.

Available Regions

 Regional Wind Forecasting Available Regions

Product Highlights

  • Guaranteed 24/7 availability
  • User defined sub-regions
  • Comma-separated value (CSV) delivery method allows easy integration into your own systems
  • Data archive for the life of the contract
  • Secure password protected web host server for all data transfers
  • Scalability. Our model and data hardware will continually adapt as new wind projects come online and new data becomes available to ensure the highest forecasting accuracy.

Methodology

Inputs
  • Project latitude and longitude
  • Nameplate capacity
  • Turbine make and model
  • Site in-service date
  • User-defined sub-group specification
Regional Wind Forecasting Methodology
Outputs
  • Aggregate power (MW)
  • Generating capacity (%)
  • Aggregated capacity-weighted wind speed (m/s)

Aligned with 3TIER's commitment to using state-of-the-art, proven, and transparent methods, our regional wind forecast system is a combination of publicly available global and regional weather forecasts, high resolution surface data, and highly customized mesoscale numerical weather prediction (NWP) models. The result is an aggregate wind speed forecast converted into real world values of hourly power generation in megawatts using asset-specific manufacturer power curve data. Where aggregate power data is publicly available, the forecast will incorporate observations to make statistically corrected power forecasts.

Customer Requirements

In order to provide regional wind power forecasting, 3TIER only requires you to select your region of interest and provide sub-region geographic boundary specifications or wind plant lists.

If you are unfamiliar with the technical terminology on this page, please visit our Glossary for more information.

Geographic Availability

Available in the United States
Product Available
Coming Soon

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