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What is Energy Quantified?

Hugo Birkelund
Archived blog post. This blog post has been transferred from our previous blogging platform. Links and images may not work as intended.

Energy Quantified was founded in September 2017 with the aim of creating the most innovative data and analysis platform for the power markets. Starting with a blank canvas, the portal will combine recent advances in machine learning algorithms with proven fundamental models.

Energy Quantified will operate as an analysis lab, thoroughly testing and building to achieve optimal solutions. As we successively complete parts of the analysis, we will invite you to try it out.

  • Accuracy and speed: The focus on algorithm-driven forecast systems will remove unintended flaws and interpretational errors associated with human intervention and speed up delivery.
  • Only what you need: An agile and interactive system will enable you to tailor your information feed at any time.
  • High value for money: With a lean organisation and focus on product development, Energy Quantified will provide innovative and cutting-edge solutions with high end-user value.

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Improve your ML with EQ

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Machine learning (ML) and artificial intelligence (AI) present some fascinating modeling approaches. However, even with ML and hyper-fast computing, the old saying "garbage in, garbage out" or simply GIGO holds true.

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What's the price effect of Cobra?

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The 700 MW Cobra cable, connecting the Netherlands and DK1 (Jylland) is scheduled to start commercial operation on Monday. In this short blog, we investigate the effects it will have on the price formation.

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Happy birthday 2019

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This week we celebrate our 2nd anniversary as Energy Quantified or simply “EQ” – a Montel company. Two years on, we provide “all you need to be in power” for all price areas in Europe.

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SEE hydrology and an exciting August?

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August can become an exciting month for traders in the SEE region. Recent precipitation forecasts have remained very dry. If these continue, there will be a further reduction in hydropower production and an additional upward pressure on spot-prices in the SEE-region. This is the conclusion gleaned from EQ’s new Pan European hydro model, which will be launched soon.

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Large differences in Alpine hydro balances

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EQ's new hydrology models indicate that we enter August with large differences in hydrological balance across the Alpine area. Switzerland and Austria now have reservoir fillings of, respectively, 12% and 8% above their seasonal normal, whereas France and Italy are on their seasonal normal. High snow reservoirs and delayed melting during the spring, was followed by a heatwave end of June and start of July. This sparked melting, which in turn led to high inflow levels and ultimately rapidly increasing hydro reservoir levels in Switzerland and Austria.

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River temperatures, we can have you covered

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As rising river temperatures may affect the output at thermal power plants due to cooling water restrictions, we invite you to suggest a river location for which we can provide forecasts and historical data.

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Can it rain from the ground up?

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Of course not! However, during the last seven days of June 3,5 TWh worth of hydropower resources simply vanished in thin air in the CWE area. That is what our new model for energy precipitation in Germany, France, Austria, Switzerland and Italy, tells us.

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Precipitation energy SEE area

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As part of our ongoing hydrology project, EQ now provides energy precipitation forecasts, seasonal norms and historical data for countries in South-East Europe, covering around 50 TWh of annual hydropower production – or nearly 30% of total power supply in the region.

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REMIT untangled

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How do REMIT messages stack up? Energy Quantified (EQ) now provides quantified REMIT and UMM messages for all your areas. A notoriously complicated, but important data feed is boiled down to easy-to-handle numeric time series.

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Mr Hydrology joins EQ

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We are pleased to announce that Eylert Ellefsen joins Energy Quantified (EQ) as a senior analyst. Many will recognise Eylert as the person who pioneered the development of hydro models in Europe.

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