Power forward curve modelling and the impact of covid-19
In this presentation, we looked at how BID3 could be used to simulate the forward curve using the BID3 Short Term module, running the model every night automatically. We then investigated how covid-19 had altered market dynamics
Modelling the forward curve is all about data: BID3 feeds in numerous data source automatically to run a 'digital twin' of the power system. This uses the Short Term module to speed up and simplfy data processing, allowing the full forward curve on a daily basis with the latest forecasts of market and weather data.
