BREAKING ENERGY, Oct. 3, 2013 – When it comes to energy trading, there’s very little that’s 100% certain. But you don’t need to know everything to get a leg up in natural gas or power markets. You just need to know more than the other guy.
Software firm EarthRisk Technologies has unveiled a mid-range temperature forecasting product designed to give its clients that advantage. The product, TempRisk Apollo, seeks to enable traders in gas and power markets to quantify weather risk up to five weeks out. It does not rely on the kind of traditional, or “discrete” forecast you might see on a weather report, but presents large-scale weather events, such as cold fronts or heat waves, in terms of probabilities, letting customers know the chances that a any of several discrete forecasts will prove accurate.