New Gas Allocation Temperature improves forecasting gas demand
Increased gas allocation accuracy and compliance with 2018 gas regulatory guidelines
Energy suppliers all over the world are relying on accurate short-term temperature forecasts, in order to calculate gas consumption and match demand with supply through proper allocation of gas quantities. Despite the widely adopted use of parameters like the average daily temperature or the so-called geometrical temperature, significant deviations between demand and supply occur, resulting in operating costs that could be avoided.
In a joint research project with BDEW, the German association for the energy and water industry, MeteoGroup has developed a new parameter for the German market that complies with the new 2018 gas regulator guidelines and will allow energy suppliers in this market to increase their allocation accuracy by 20%-50%. The new parameter was successfully launched at E-world 2018, Europe’s leading trade fair for the energy and water industry, in Essen, Germany.
The most accurate
Specifically designed for the needs of the German gas market and its new regulatory guidelines, MeteoGroup’s Gas Allocation Temperature (GAT) is proven to deliver the most accurate forecast of gas demand. Thus giving users the opportunity to minimize mismatch costs and penalties and to optimize profits.
The most innovative
By joining our skills and expertise with BDEW we developed a parameter specifically designed for the German gas market. Our proprietary algorithms achieve 7% higher accuracy than market standard.
Energy suppliers can now comply with the new gas regulator guidelines of 2018 and simultaneously increase gas allocation accuracy by 20%-50%. The use of GAT will also decrease network account (Netzkonto) differences by 30% and decrease the number of days with under-allocation, by 10 to 30. Thus reducing under-allocation penalties and saving costs.
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