MeteoGroup provides temperature data with EEX
Leipzig/Berlin, 5 April 2016. MeteoGroup, Europe’s largest private weather company, is partnering with the European Energy Exchange (EEX) to provide temperature data for selected regions on the EEX transparency platform. As of today, MeteoGroup will deliver data for more than 15 European locations, such as Berlin, Brussels, Budapest and Zurich.
Launched in 2009, EEX provides an online platform (www.eex-transparency.com) on which generation, storage and consumption data for electricity and natural gas are published. The aim of the platform is to ensure a high degree of market transparency. This platform will now be expanded to include weather data. With this addition, EEX takes account of the fact that weather conditions have an overwhelming influence on energy volumes and prices. For this reason, MeteoGroup provides market participants with temperature data – actual measurements and forecasts – on the transparency website free of charge.
“For 30 years, energy companies have relied on our competence as a supplier of precise weather information and this cooperation with EEX now brings us even closer to the market”, explains Matthias Kittler, Business Unit Director Energy at MeteoGroup. He adds: “Users of the transparency platform will benefit from current temperature data as well as a temperature forecast for the next day with hourly resolution.”
“We are very pleased, that MeteoGroup’s meteorological know-how will round off the information offered on the transparency platform”, comments Dr. Tobias Paulun, Chief Strategy Officer of EEX, on the cooperation.
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 18.000 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.
The European Energy Exchange (EEX) is the leading energy trading platform in Europe. At EEX, contracts for Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. In addition to EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing (ECC).
On the EEX transparency platform (www.eex-transparency.com) market participants are enabled to publish insider information on capacity, usage and non-availability of systems and further information relating to the company in accordance with the requirements of REMIT. For this purpose, EEX has implemented standardized procedures for data reporting on the production, the storage and usage of electricity and the consumption of natural gas. Currently, more than 50 companies from Belgium, Germany, Great Britain, the Netherlands, Austria, Switzerland, the Czech Republic and Hungary use this service.
Users of the transparency platform will benefit from current temperature data as well as a temperature forecast for the next day with hourly resolution