Established energy market intelligence provider, ICIS, has launched the Power Portal, a data-rich online resource for traders, analysts and other professionals across the power marketplace. With the latest detailed fundamental and forecast data for 27 European countries, additional coverage of the influential German market, intra-day news, plus a comprehensive archive – the ICIS Power Portal addresses the challenges of a broad range of market players.
The power market is evolving and renewable energy has changed the landscape forever. The electricity generation mix now includes increasing volumes of cheap renewable energy, putting pressure on more expensive coal and gas production. Changeable weather and weather forecasts directly impact power prices, increasing the requirement for greater insight into price drivers as well as accurate and digestible forecasts and fundamental data. The ability to compare forecasts and assess different scenarios is also key.
The ICIS Power Portal is much more than a detailed data resource. It answers key questions about the effect of weather on power markets and is the only place to access the Central European Utility Index and the European Utility Index which reflect crucial behavioural trends. Subscribers will see hedging activity from major European utilities, the latest prices, production and consumption/demand by fuel type and source, plus news and commentary. Easy to use and updated hourly, the ICIS Power Portal increases transparency across the power market. It also provides users with the option to download data to create reports and models.
Ingo Tschach, head of market analysis commented “We are proud we could reap extraordinary forecast quality by using innovative approaches like neural networks. Our hourly German power demand forecast sets a benchmark for quality. Together with our hourly renewables forecasts for all European countries, we help traders and analysts to make better informed decisions.”
The ICIS Power Portal an exciting new way for subscribers to understand market trends, demand variations, weather volatility and behaviour – and therefore react quickly and with more confidence than ever before.
For further information about this release, please contact:
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ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier,Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. ICIS is a division of Reed Business Information, part of Reed Elsevier Plc.
Reed Business Information brings market leading brands to an audience of millions of decision makers worldwide through its multi-platform media of data services, online lead generation services, community websites, magazines and events. Reed Business Information is part of Reed Elsevier, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors.