In December and January, the power demand is mostly affected by holidays around religious celebrations. We have recently updated our assumptions on the holiday effect for all areas for the upcoming Christmas and New Year feasts and have put together some statistics and facts you might find useful. Continue reading Holiday Effect for Christmas and New Year
During this summer we have updated the actual installed capacities for wind and SPV for all countries.
We have also updated the growth assumptions for wind, solar and consumption and extended these assumptions on MKonline until 2025. You can find this information under Capacity Assumptions and Normal Assumptions Pages. Continue reading Fundamentals growth assumptions prolonged up to 2025
A new model with an hourly resolution has been developed for combined heat and power (CHP) production in the Nordic region, more specifically each individual zone in Sweden, Denmark and Finland, as well as for aggregate Norway. Continue reading Combined Heat and Power Model for the Nordic Region released
In our latest publication of the EMPS model, we have changed the number of price intervals (“Prisavsnitt”)from 6 to 12. A price interval is a set of hours that are treated as similar within a week, to simplify the linear problem when running a simulation. This could be i.e night hours on a working day, 3-4 hours during the afternoon peak etc. Continue reading Improved time resolution in the EMPS model
As of Monday, 14th August 2017 we changed the underlying contracts for our Nordic Technical Analysis. We use the new Nasdaq Nordic Power Futures for analyzing the technical signals of front and second front quarters and calendar contracts. Since the old NordPool Forwards were loosing on liquidity and the traded volumes went down as the most market players switched for the new Power Futures, we decided to use the latter.
The effect of Holy Month of Ramadan included into the consumption model for Turkey
The upcoming festival of Ramadan starts on the 25th of June this year, and it is one of the most important months in the Islamic calendar. MKonline’s estimated consumption during this month will decrease in average of about 26% compared to normal assumptions. Continue reading Month of Ramadan
In the latest publication of the EMPS model, we have now introduced the wind module purchased from SINTEF. This module has several advantages that will make the price forecasts more accurate. Continue reading New wind module introduced in the EMPS model
We collect Urgent Market Messages (UMM) which are typically text messages published on various formats by different sources. We started with NordPool and EEX. The information content has been converted to a complete downloadable time series database on hourly resolution on different aggregation levels.
The hydrological models at Mkonline have so far been based on Statnett-regions in Norway and four geographical regions in Sweden. The goal for Mkonline has for a while been to establish all our hydrological models on price-zone levels as we do for all other fundamental data. Continue reading Mkonline has introduced hydrological models for pricezones Norway+Sweden