In today's increasingly competitive deregulated energy market, companies in energy trading, generation, or providing energy to consumers, recognise the need to collect and process information and forecast trends swiftly. This involves the collection and analysis of data from the market to generate accurate forecasts of demand, price and energy against various strategies and assumptions.
iEnergy was established in Australia back in 1997 to meet this industry's changing needs and has since become a leading provider of forecasting and market information system in various international energy markets. iEnergy is committed to developing effective and efficient specialist applications that can become the backbone in the productive use of market and business data.
The user-friendly graphical software for analyzing and simulating electricity markets.
The iPool software provides energy companies and power consumers a user-friendly tool for managing market risk, forecasting prices, profiling and pricing demand in the competitive power industry.
Successful trading and bidding into a competitive electricity pool requires the ability to respond quickly to the changing market conditions.
iPool provides the features required to enable quick and appropriate market responses:
Forecasting Short and Medium Term Electricity Pool Prices and Generation, iPool uses accurate Market Bid-Based dispatch optimization and has Intelligent Bid Behaviour Modelling that responds dynamically to changing market conditions using Fuzzy Inference System technology.
The demand profiles of customers can vary according to the industry, according to the type of calendar day and can have different volatilities. iPool can capture and create load models from the historical demand. These load models can be used for customer classification, for forecasting, for pricing and for detecting non technical loss events.
iPool can load, process, and analyze hundreds of customer's meter data.
Detecting and predicting meter data irregularity or what is known as Non-Technical Loss (NTL) is challenging. NTL can be caused by malfunctioning metering equipment but the term is generally a euphemism for electricity fraud or theft which can be in the form of meter tampering and illegal connections. iPool detects and high lights these irregularities and provides the user a way to adjust the detection sensitivity.
What past and present users say about iPool…