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Load-Forecasting:
Accurate forecasts provide ways to long term planning and reduction in both cost and associated risks. Fortech provides accurate forecasting software tools to meet both short term and long term forecasting needs. Right through your Web browser, you can get the hourly and long term load forecasts using ForCast™. This allows you to free up valuable resources used to operate legacy systems or in-house forecasting tools. By combining proven Analytical & Training models with other proprietary forecasting algorithms, ForCast™ delivers extremely accurate results both for Short and Long Term Periods.
Compared to the man-hours and costs associated with in-house forecasters and forecasting software, the ForCast™ is extremely efficient. ForCast™ has in-built data collection tools required to automatically import Historical, Forecasted and Actual Weather Data for user defined regions. Fortech's proprietary algorithms process this data along with historical load data to generate the required Load Forecasts. Typical applications for ForCast™ Short term Forecasting Systems include:

Day ahead forecasting of electric loads for generation scheduling

Same day electric forecasting for unit dispatch

Daily or hourly gas send out forecasting

 

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