Power sector has evolved from a conventional market to a competitive market where the participation is scaling from a single industrial consumer to multiple discoms. After introducing Open Access in power sector, the market has seen an exponential growth in both participation as well as volumes which created a bench mark for procurement of power in Short term market. This brings out the importance for statistical and simulating models to forecast the demand and prices of exchange so as to mitigate the risk of participation and selection of volume for generators and discoms.
Mercados assists clients to mitigate the risk of price volatility on exchange and providing price forecast from day ahead to month ahead considering various risk and opportunity cost in the market. Mercados is providing services to discoms and generators in demand forecasting and procurement planning from short term to long term considering the different available market instruments.