LONDON, February 7, 2011 /PRNewswire/ -- Renewable energy is forming an ever larger part of Europe's installed power capacity, and concerns over the intermittent quality of wind and solar generation make accurate information vital to market participants and analysts.
The large amount of installed wind capacity in markets such as Germany have made spot market pricing more volatile, while successful and ongoing market coupling projects transmits this impact to other markets in Europe. Government backing with preferential tariffs and subsidies have also encouraged extensive investment in renewable capacity, so the influence of wind and solar generation on market pricing is expected to increase rapidly in the coming months.
ICIS Heren now offers subscribers access to a daily forecast of wind and solar power from spotrenewables (http://www.spotrenewables.com). This is a service from EuroWind Gmbh, a market leader in European renewables forecasting. The daily forecast will show the sum of wind generation for 18 countries and all four German grid areas, as well as solar generation forecasts for Germany, Spain, France and the Czech Republic.
These forecasts are made up to five days in advance, with the difference from the previous expected generation for a particular delivery day highlighted as predictions become more accurate.
The new coverage will be added to European Daily Electricity Markets and traders and analysts alike can now see at a glance the levels of generation to expect and how forecasts have been revised to ensure greater accuracy. This can help them to fine-tune their portfolios in detail, as well as providing a wider overview of trends across Europe as a whole.
ICIS Heren is an information service provider for gas, liquefied natural gas, power, carbon and coal market intelligence. We publish a suite of tailored reports providing news, analysis, benchmark price assessments and indices. Through our reports we aim to bring liquidity and transparency to power and gas hubs, helping you analyse the sector and make informed business decisions.
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