LOUISVILLE, Ky., May 3, 2011
LOUISVILLE, Ky. , May 3, 2011 /PRNewswire/ — Genscape, a leading global provider of energy fundamentals information for commodity and financial markets, announced the launch of its newest PowerIQ™ service, delivering analysis and forecasts for the ERCOT power market.
Using a fundamentals-based model incorporating thousands of proprietary and public data sources, Genscape offers the most comprehensive portfolio of market intelligence services in North America , now covering ERCOT, PJM, MISO, ISO-NE, NYISO, CAISO, and Western U.S. regions.
Genscape's ERCOT PowerIQ service provides the same components that have made it the leading source of power market intelligence in other regional markets, including unrivalled demand forecast accuracy, daily reports with fundamental analysis of day-ahead and real-time markets, daily recalibration and recap reports, and access to Genscape's experienced market analysts throughout the trading day.
ERCOT's recent nodal market transition has created demand for better market understanding, despite its transparency and abundant data. “We've leveraged our experience in other regions to build a powerful fundamental model which accurately forecasts prices for all four load zones and hubs,” said Kyle Bessette , regional director of ERCOT at Genscape. “We've been particularly pleased with our forecasts of congestion on the critical West-North interface and resulting price separation.”
For more information on Genscape's PowerIQ services, please contact Sales at or (877) 251-5303.
Genscape is a leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities, flow and utilization for all major energy commodities. Genscape also delivers fundamentals-based market intelligence services which market participants rely upon to better understand drivers, risks, and dynamics of regional power and gas markets. Please visit www.genscape.com for more information.