Forecasting Workshop: How to Improve Your Energy Forecasting

6 March 2018

5 years ago, Vitec started using up to five different weather suppliers when making its energy forecasts. By combining several weather suppliers, we improved the consumption/production forecast with 10%. Nowadays we can also combine forecasting models as well as forecasting systems, internal or external.

The 6th – 7th of March, Vitec will arrange a seminar in Stockholm for Energy forecasters where we will show you how you can use Aiolos as a standalone system or combine it with your existing forecasting system. We will also show how you can use Aiolos as an evaluation system for comparing different weather suppliers, forecasting system suppliers and how you can save money by combining several suppliers. 

Agenda

  • Evaluating weather forecasts or forecasting system suppliers
  • Combine forecasts for better results
  • Demonstration of Aiolos and its GUI
  • The Aiolos forecasting models
  • Special features within Aiolos, such as:
    • Aiolos Model Studio – create/adjust your own models
    • Aiolos Quality Service – a “warning-system” for missing/bad data

Note: the workshop is free of charge but the registration is binding, Hotel fee not included.

Detailed Agenda

6th of March

11.30 - 11.45   Registration

12.00 – 12.45  Lunch

13.00 - 13.15  Welcome to Vitec Software Group

13.15 – 14.45  The essentials of energy forecasting with Aiolos Forecast Studio

14.45 – 15.00  Coffee break

15.00 – 16.30  Model description for electricity load forecasting and wind power production forecasting

16.30 – 17.15  Evaluate Internal and External forecasts in Aiolos

20.30  Dinner at Restaurant AG

7th of March

08.45 – 09.15  Aiolos Quality Service - Help by monitoring

09.15 –09.45  Multiple weather forecast for the best accuracy

09.45– 10.10  Automatic optimization of forecasting models

10.10 – 10.45  Coffee break

10.45 - 10.50  Thank you!

10.50 – (17.00)  Optional Workshop: Hands on with Aiolos Forecast Studio

12.00 - 13.00  Lunch at the conference facility

Details

Time

12am, 6th of March to 1pm, 7th of March, 2018

Location 

Lindhagensgatan 116, Stockholm, Sweden

Cost

Free of charge for you and a colleague including all meals. Hotel fee not included

Sign up for Forecasting Workshop