Genscape Expands New York PowerIQ Services
Genscape's New York PowerIQ provides fundamental analysis and forecasts for New York wholesale power markets. Forecasts are provided for zones A, G, J and K in the Day Ahead and Real-Time markets.
Louisville, KY, October 19, 2011 --(PR.com)-- Genscape, a leading global provider of energy fundamentals information for commodity and financial markets, announced a major expansion of New York PowerIQ™, the New York market’s leading power market intelligence service.
Since 2004, leading market participants have relied on Genscape to provide the industry’s most comprehensive and insightful forecasts of day-ahead prices, demand and risks for the NYISO’s most liquid hubs – Zones A and G. Now the New York PowerIQ service also includes daily forecasts for Zones J (NYC) and K (Long Island), daily forecasted real-time prices and DA-RT spreads.
In addition to adding greater accuracy and granularity, the underlying model underwent a major upgrade to support this expansion. The seventh generation model incorporates over 1,700 lines and transformers, over 2,300 updated bid blocks, over 750 generators, and 12 demand zones.
As with all PowerIQ services, the NY service provides clients with full transparency into model inputs, assumptions and performance. Interacting with clients throughout the day, Genscape’s experienced NY analyst team provides a daily recap, demand forecasts, thunderstorm alert probabilities, congestion and losses assessment, virtual bidding assumptions, and more to give clients valuable market insight.
“With this expansion, the NY PowerIQ service should be attractive not only to OTC traders, but also to physical market participants and virtual traders,” said Mark Doolin, senior NY analyst. “We’ve invested considerable resources to understand and accurately model the complex dispatch rules which apply to Zones J and K.”
For more information on Genscape’s PowerIQ services, please contact sales@genscape.com or (877) 251-5303.
About Genscape
Genscape is a leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities, flow and utilization for all major energy commodities. Genscape also delivers fundamentals-based market intelligence services which market participants rely upon to better understand drivers, risks, and dynamics of regional power and gas markets. Please visit www.genscape.com for more information.
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Since 2004, leading market participants have relied on Genscape to provide the industry’s most comprehensive and insightful forecasts of day-ahead prices, demand and risks for the NYISO’s most liquid hubs – Zones A and G. Now the New York PowerIQ service also includes daily forecasts for Zones J (NYC) and K (Long Island), daily forecasted real-time prices and DA-RT spreads.
In addition to adding greater accuracy and granularity, the underlying model underwent a major upgrade to support this expansion. The seventh generation model incorporates over 1,700 lines and transformers, over 2,300 updated bid blocks, over 750 generators, and 12 demand zones.
As with all PowerIQ services, the NY service provides clients with full transparency into model inputs, assumptions and performance. Interacting with clients throughout the day, Genscape’s experienced NY analyst team provides a daily recap, demand forecasts, thunderstorm alert probabilities, congestion and losses assessment, virtual bidding assumptions, and more to give clients valuable market insight.
“With this expansion, the NY PowerIQ service should be attractive not only to OTC traders, but also to physical market participants and virtual traders,” said Mark Doolin, senior NY analyst. “We’ve invested considerable resources to understand and accurately model the complex dispatch rules which apply to Zones J and K.”
For more information on Genscape’s PowerIQ services, please contact sales@genscape.com or (877) 251-5303.
About Genscape
Genscape is a leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities, flow and utilization for all major energy commodities. Genscape also delivers fundamentals-based market intelligence services which market participants rely upon to better understand drivers, risks, and dynamics of regional power and gas markets. Please visit www.genscape.com for more information.
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Genscape
Jennifer Collins
1-617-790-0902
www.genscape.com
Jennifer Collins
1-617-790-0902
www.genscape.com
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