MeteoGroup presents new online-portal for energy trading at E-World 2017
Berlin, 04.01.2017: The price development of electricity and gas is strongly influenced by the weather. Precise weather data and reliable forecasts can create a clear competitive advantage. At E-world 2017 MeteoGroup will present its new online-portal, TradingMaster. Supporting energy traders in minimizing the risks associated with balancing management, TradingMaster helps to leverage the full potential of fluctuating energy markets.
MeteoGroup, Europe’s leading independent weather business, will present its new online-portal, TradingMaster, at E-World 2017 (7-9 February - hall 3, stand 121). TradingMaster offers quick and easy access to short, medium and long-term forecasts derived from the world’s best model data. MeteoGroup uses ECMWF, GFS and UKMO as well as its own multi-model-MOS and weather station network. 17.000 national weather service stations and MeteoGroup’s own network of 900 stations in Europe provide the basis for its precise weather forecasts for gas and electricity networks and solar and wind energy systems.
TradingMaster provides wind and solar output forecasts at national, regional and TSO level across Europe. Cluster maps and confidence levels enable precise analysis of the probability of weather scenarios occurring, and users benefit from better evaluation of their risk profile and can hedge against risks.
The online-portal also provides access to the wind power index NAREX WIDE. Futures based on this allow companies with the opportunity to hedge against risks involved in buying or selling energy from fluctuating wind power generation in Germany. MeteoGroup provides the daily index as well as an historic data set to enable profound analysis.
MeteoGroup will also present World Climate Service (WCS), a collaboration with U.S. company Prescient Weather Ltd. WCS provides short, mid and long-term weather outlooks, global weather trends and seasonal forecasts, helping to increase knowledge and create a competitive advantage in energy trading and risk management. Temperature related energy demand, renewable energy availability and potential energy price fluctuations can be assessed in advance.
More information www.meteogroup.com
MeteoGroup is one of the world’s leading global full-service B2B weather solution provider. With 30 years of expertise in the weather industry, we provide accurate and dependable data solutions, ranging from simple forecast to deep customer workflow integration. Traders, analysts and utility managers benefit for their power and gas demand estimations from our most realistic weather data.
MeteoGroup, in conjunction with a number of partners, operates its own private weather measurement network with approximately 1,600 stations worldwide. Additional over 17.000 weather stations of the national weather services are available for MeteoGroup. The network of 930 proprietary weather stations across Germany and Switzerland is the highest density of private weather stations in Europe. Our weather stations are entirely compliant with international weather observation standards.
MeteoGroup operates its own severe weather centres and is a leader in the early identification of severe weather conditions.
As Europe’s largest private sector weather provider we have a department focusing exclusively on meteorological research and development. We are using the best meteorological models and techniques enabling us to continuously improve our products.
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