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Electricity
Forecasting/Load Research
Itron
Launches MetrixND® 4.2 with Additional Functionality
Read all about Itron's release of MetrixND 4.2, the latest
version of the energy industry's most powerful and versatile
forecasting tool.
click
here for more information
Focused
Meetings Provide Forecasters with Knowledge
In May, Itron is hosting two meetings for energy forecasters.
Receive more details relevant to both meetings and find directions
for registering.
click
here for more information
Itron
Offers Free Load Research Online Seminar
On Tuesday, April 29 at noon PST, Itron will present its second
free Brown Bag seminar of 2008 titled "Comparison of
Load Research Expansion Methods."
click
here for more information
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Itron
Launches MetrixND® 4.2 with Additional Functionality
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Itron
has released MetrixND 4.2, the latest version of the energy
industry's most powerful and versatile forecasting tool. This
version offers additional model building functionality, more
graphics that can be customized, and added statistics bringing
unprecedented functionality, efficiency and control to energy
forecasters.
MetrixND
is used for many forecasting processes, including short-term
and long-term energy and demand forecasting, price
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forecasting,
individual customer load forecasting and financial forecasting.
First released in 1997, Itron's MetrixND has more than 700
users from 160 utilities and energy companies representing
nine countries.
"Itron's
energy forecasting customers know first hand the importance
of an accurate forecast. Itron is proud to state that MetrixND
is the most widely used energy forecasting tool in the world,"
said Frank Monforte, Itron director of forecasting. "As
the leading provider of energy forecasting tools, Itron continually
strives to deliver software that meets the varied needs of
energy forecasters. Our customer base includes market operators
responsible for 'keeping the lights on' in Australia, Canada,
Europe and the U.S., energy retailers looking to meet their
customer's energy demands, and utilities who ensure the delivery
of energy now and into the future. MetrixND will be an important
component of their success."
MetrixND
is at the core of Itron's automated forecasting solutions.
These systems generate the forecasts used to schedule energy
delivery and procurement in real-time markets and provide
the foundation for financial forecasts. "The strength
of MetrixND lies in its ability to produce accurate forecasts
for a full range of energy forecasting problems, from short-term
power systems operations to long-term financial and facilities
planning. If it can be measured, then MetrixND can be used
to forecast future values," adds Monforte.
Learn
more about MetrixND by visiting www.itron.com/forecasting.
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Focused
Meetings Provide Forecasters with Knowledge
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In May,
Itron is hosting two meetings for energy forecasters. The
annual Energy Forecasting Group (EFG) meeting will focus on
long-term and end-use forecasting issues. Over 40 attendees
are expected to discuss various topics including modeling
residential DSM impacts, commercial and residential sales
trends across the U.S., and hear from Energy Information Administration
representatives about the latest Annual Energy Outlook residential
and commercial projections.
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The second
annual ISO/RTO forecasting summit provides forecasters from
the various ISO, RTO and Market Operators, located throughout
the world, a place to discuss the unique forecasting challenges
that they face. This meeting of like-minds focuses on short-term,
sub-hourly and long-term forecasting topics, methodologies
and other common issues.
To learn
more about these meetings, visit www.itron.com/forecastingworkshops.
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Itron
Offers Free Load Research Online Seminar
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On Tuesday,
April 29, at noon PST, Itron will present its second free
Brown Bag seminar of 2008 titled "Comparison of Load
Research Expansion Methods."
Three
methods are commonly used to expand load research sample data
to represent the population: mean per unit, combined ratio
and separate ratio. Although the mathematics of these methods
is well understood, subtle differences in the calculation
specifics can make a significant difference.
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For the
ratio methods, there are several alternatives for the auxiliary
variable and there are no guidelines for best practices in
this area. The purpose of this Brown Bag is to review the
alternative methods, to compare results from alternative methods
and to highlight the conditions under which a specific method
is preferred. The results show the synergy between forecasting
and load research, focusing on how good load research can
improve forecasting models and how good forecasting can improve
load research results.
To register,
please click here.
If you've missed the date, send an email to forecasting@itron.com
to request the recording.
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