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
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
This spring we are re-estimating the consumption model for all countries. As a result, we have both added and changed some model variables.
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