Market Intelligence Service
The Market Intelligence Service from East-West Digital provides short term electricity price predictions that support bidding, hedging, scheduling and commercial planning across regions, delivered through dashboards, scheduled exports and monthly backtesting reports.
Outcomes
Up to 20% better forecast accuracy than existing market benchmarks
60%+ less time spent on manual data preparation and analysis
≤12% target accuracy threshold for intraday forecasts
Design target
The challenge
Every bid depends on a price you can't see yet
Bids, hedges and schedules depend on short term price expectations. Analysts spend too long preparing data by hand, and without a track record it is hard to know which forecasts to trust.
What it does
Better timing for bids
Improve the quality and timing of your bids with short term price predictions.
Lower price risk
Effective scenario planning helps you reduce price risk when bidding and hedging.
Higher revenue and returns
Accurate short term forecasts help increase revenue and ROI (return on investment).
Less manual data preparation
Dashboards and scheduled exports cut the time spent preparing data by hand.
Performance you can check
Monthly backtesting reports compare forecasts with actual prices, so you can validate performance.
Coverage across regions
Get short term price predictions for different regions from one service.
How it works
Forecasts reach your team in dashboards, as scheduled exports and through monthly reports, so you can make faster decisions with better information.
Step 1
Short term price predictions
We forecast short term electricity prices for the regions you need, including intraday prices for delivery on the same day.
Step 2
Dashboards and scheduled exports
View forecasts in dashboards or receive them as scheduled exports, ready for your own models and workflows.
Step 3
Plan your scenarios
Use the forecasts to plan scenarios for bidding, hedging, scheduling and commercial planning.
Step 4
Check performance monthly
Backtesting reports compare each month's forecasts with actual prices, so you can see how the service performs.
Who it's for
- Energy trading and bidding teams
- Hedging and risk teams
- Scheduling teams
- Commercial planning teams
How to start
- 1
Discovery
We agree the regions you need covered and how forecasts should reach your team.
- 2
Pilot
You use the forecasts alongside your current process and judge them on their backtested performance.
- 3
Subscription
Forecasts, dashboards, scheduled exports and monthly backtesting reports become part of your routine.
Frequently asked questions
What does the Market Intelligence Service provide?
The Market Intelligence Service gives you short term electricity price forecasts to inform bids, hedges, schedules and commercial plans. You access them through dashboards and scheduled exports, and a monthly backtesting report shows how the forecasts performed.
Which markets and regions does the Market Intelligence Service cover?
The Market Intelligence Service supports multiple regions. Our team confirms coverage for your markets during discovery.
Does the Market Intelligence Service forecast intraday prices?
Yes. The Market Intelligence Service includes intraday forecasts, for electricity traded for delivery within the same day, and works to a set target accuracy threshold for them.
How do we receive the forecasts?
The Market Intelligence Service delivers forecasts through dashboards and scheduled exports. Scheduled exports let you feed forecasts into your own models and workflows with less manual data preparation.
How do we know the forecasts are any good?
Every month the Market Intelligence Service sends a backtesting report that compares its forecasts with actual market prices. It shows how the service has performed, so you can validate it against your own benchmarks.
See Market Intelligence Service on your own data
Book a demo and we'll walk through your use case with our team.