forecast
In the light of the changes caused by the COVID-19 pandemic, it’s never too soon to talk to your electricity supplier – especially if you’re on a flexible contract.
It worked with The Alan Turing Institute to develop the AI prediction methods that have so far helped deliver a 33% improvement in solar forecasting
The trial aims to provide valuable information to the market on delivering forecasts on a five-minute basis
The forecasting services outlined under the agreement will mean supply and demand can be more accurately matched
Bans on single-use plastics will slow growth in global oil demand. That’s the forecast from BP’s latest Energy Outlook, which suggests the phasing out of plastic bottles, carrier bags and straws at both governmental and commercial levels is likely to significantly affect how the fuel source is used. Oil accounts for nearly two-thirds of the growth […]
A smart computer has suggested global warming is more likely to be the result of natural fluctuations rather than caused by the actions of humans. That’s according to scientists John Abbot and Jennifer Marohasy, who created an artificial neural network (ANN) to study historic data and see if temperature fluctuations since the industrial revolution are part […]
The utility industry is well positioned to withstand political and financial shocks. That is according to a new report from S&P Global Ratings, which says utilities are likely to be kept stable through the current period of global uncertainty due to supportive regulations, slow but steady demand and aggressive capital spending. The vital nature of the products and services they […]
Tight oil production in the US is forecast to rise to above six million barrels per day (b/d) in the next decade. That’s according to a new report from the US Energy Information Administration (EIA), which suggests it won’t be long until tight oil makes up most of total oil production in the country. Tight oil is a light […]
A student has invented a tool to forecast how an individual’s energy use will change in the future. Moulay Larbi Chalal, a PhD candidate at Nottingham Trent University, used data from across 6,000 households over a 17-year period to see how people’s changing lifestyle and behavior changes their energy requirements. He claims the date even […]
Around $3.7 trillion (£2.3tn) could be invested in solar power by 2040. That’s according to Bloomberg New Energy Finance’s (BNEF) forecast, which also stated $2.2 trillion (£1.3tn) of solar energy investment will be for “small-scale solar projects as consumers seize control of their power”. That’s equivalent to the worldwide capacity of rooftop, building-integrated and local solar […]