Itron Inc. has completed delivery of its forecasting system to Electrabel, a European energy company serving more than 4 million electricity and 2 million natural gas customers. Electrabel will use the system as a platform to implement forecasting capabilities needed to meet new business and operational requirements as a result of the deregulation of Belgium's energy markets.
The solution will generate detailed forecasts by delivery area for electricity, and by city gate for gas. It will also assist system operators to understand the impact of specific energy and service requirements as they relate to customer retention and supplier switching.
Itron's automated systems are configured around its advanced statistical modelling engine MetrixND®. Users can review forecasts and modify interval values, and are also able to import different weather data for analysis purposes, as well as import usage data of a historical day with similar characteristics.