Miami, Florida, February 10, 2016
Once again QuantRisk takes innovations to new heights. In 2015, the first and only real-time Price Forecasting and Optimization Cloud Service was very successful launched for generators, private and municipal utilities, electric cooperatives, energy retailers, and marketing companies. This supercomputing cloud solution automatically performs load and price forecasting, followed by optimization of the nomination or scheduling of bilateral power purchase contracts to various suppliers and ISOs, in real-time and day-ahead settings. The execution is under a minute per asset and nodal spot market and runs automatically every period around the clock, 24/7 for any market worldwide.