Grid solutions
N-SIDE helps system operators make optimal decisions by providing AI software solutions, from system planning to the control room of the future.
Power exchange solutions
Seamlessly match supply and demand in challenging electricity markets. N-SIDE is the trusted provider of auction-based electricity market clearing algorithms.
Forecasting
N-SIDE uses machine learning to produce a variety of forecasts for system operators, including system imbalance forecast, reserve needs forecast and congestion risk forecast.
Power Matching
This robust market clearing algorithm matches supply and demand bids in a closed-gate auction fashion, considering potential congestion and other constraints.
Outage Planning Optimization
Leverage advanced analytics to determine the optimal strategy and daily schedule for grid interventions and related outages.
Dynamic Reserves Dimensioning
TSOs: dynamically adapt reserves volume based on the real imbalance risk faced by the system using machine learning and advanced analytics.
Professional Services
Whether your challenge can be solved by our existing products or requires the development of new analytics solutions and market design approaches, our team is ready to help.
Resources
The latest insights from N-SIDE
Michael Malcorps
Ever wondered if artificial intelligence could support you fully in your arbitrage between day-ahead and imbalance markets?
N-SIDE has developed over the years expertise on electricity short-term markets, which has been translated into specific market arbitrage forecasts, giving recommendations to electricity market participants on the optimal position to take.
As an example, the Imbalance Risk Forecast (IRF) is focused on the day-ahead and imbalance markets in a specific country. Available in D-1 at the typical time of nomination (before 12.00 PM), the Imbalance Risk Forecast provides, for the 24 hours of the next day, an indication of the dynamics that can be expected regarding the level of imbalance prices, in comparison with day-ahead electricity prices. Armed with this tool, our customers can apply a nomination strategy that reduces their imbalance price risk.
Concretely N-SIDE’s customers get access to a forecast providing a trinary recommendation, i.e. +1 (bullish), -1 (bearish), or 0 (neutral), with hourly granularity. The forecast and the historical performances are made accessible to the customer via a graphical user interface as well as an API connection.
N-SIDE also offers to its customers the possibility to analyze the results of the market arbitrage forecast to understand its performance over each week in a transparency dashboard. This allows them amongst others to understand the impact of the different drivers (consumption, wind, solar, temperature, residual load, …) on the recommendations, as well as the contribution of these recommendations to the overall savings.
Do you want to see what it looks like for the Imbalance Risk Forecast in Belgium?
