With its extensive data library, Komunidad was able to help a utility company become more flexible and efficient in managing power demand and helping more economies grow.
There is a distinct relationship between weather and energy usage. Unpredictable weather as well as temperature and humidity spikes and drops could affect electricity supply and demand and pricing costs. By identifying the best available weather datasets and with additional processing, an accurate forecast can now be made available.
The weather intelligence provided helps in forecasting electricity demand, include historical, near real-time, and forecast for each of the company's service areas.
Komunidad’s solution provided timely and accurate weather forecasts to at least 30 service areas. The company also received automatic updates on power demand forecasts of up to six times daily, allowing the company to recalibrate solutions.
It has also created a power demand forecast based on machine learning models from past weather observations to forecasts.
Komunidad delivered custom report formats including delivery schedules that enabled the company to have an efficient process in working with multiple sets of data.
Proper demand forecasting gives businesses valuable information about their potential in their current market and other markets, so that managers can make informed decisions about pricing, business growth strategies, and market potential.
Weather intelligence and power demand forecasts can easily be accessible, as well as studied, through widgets, graphs and reports using the Komunidad platform.