Terms of Use

The QuantRisk solution comes fully integrated and automated. It gives us load forecasting, price forecasting and nomination which lead to optimization of our bilateral power procurement process. The system runs automatically every hour, and produces an optimal dispatch nomination schedule that can be emailed to our bilateral supplier. It collects the relevant data in a trading panel and nomination dashboard that is refreshed every hour. This gives our traders the access and visibility we need. QuantRisk solution is cloud based and their team worked with us closely via phone conferences and online remote desktop sharing. It has proven to be very flexible in handling the complex load forecasting, price forecasting and nomination to our power supplier. When the optimization solution is used in real-time trading coupled with the flexibility of our power supply contract, it resulted in a reduction in the actual blended generation rate passed on to our consumers. These results exceeded everyone’s expectation and we are quite pleased that our blended pass on generation charge for January and February are the lowest blended generation pass on rate which benefited our consumers.