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.
Continue reading Changelog UMMs
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
This spring we are re-estimating the consumption model for all countries. As a result, we have both added and changed some model variables.
Continue reading Re-estimation of consumption model
What does Easter mean consumption-wise?
Easter is not only an important religious holiday and a traditional vacation season in Europe. It is also one of the periods of the year during which the power consumption is strongly affected by the Holiday Effect. The social patterns are different from country to country and reflect a variety of habits and traditions. For us, the upcoming Easter is also a moment to reconsider assumptions made within our consumption system and represented by the reduction of power demand attributable to different behavioural patterns. You find some statistics and useful facts below. Continue reading Holiday effect for Easter
Starting on 13rd of March ECMWF Ensemble forecasts are disseminated 40 minutes earlier. Continue reading Ensemble forecasts disseminated 40 minutes earlier
MKonline has now updated actual consumption numbers for 2016. The numbers are as earlier based on monthly statistics from ENTSO-E, but as the format for these monthly reports has been changed from previous years, MKonline has delayed the updates as we have found some deviations in the statistics compared to earlier years. Continue reading Updated German consumption numbers for 2016
During January we posted two blogs commenting the low hydrological situation in the Alps as precipitation in December came out at the driest level for several decades across CWE and the Alpine region. The precipitation deficit regarding energy meant nearly 13 TWh, so the snow package was extremely low by New Year. The situation did not improve during January which was icy and dry, and deficit in snow and groundwater was even more severe by the end of January. Continue reading Alpine snow and groundwater levels still below normal