Weather solutions for the Energy sector
MetraWeather provides weather forecasting services to generators and retailers, transmission system operators and energy traders across Europe and Australasia.
Picture this. It is late January and an enormous blast of freezing Arctic air is expected to see demand for natural gas across Europe soar to near-record levels for the third day running. Meanwhile, in Australia, extreme high temperatures across the south-east have electricity generators scrambling to meet the evening’s peak demand, as bushfires and lightning force system operators to place constraints on transmission lines between states. In New Zealand, the spot and futures markets are awaiting an extended burst of torrential rain across hydro catchments which will affect electricity prices for months to come.
Across the globe the weather is one of the main drivers in the demand for and supply of energy, not to mention one of the most unpredictable. Extreme weather can pose a variety of risks to the energy sector, but it also provides opportunity for those who are properly prepared and forewarned.
When extreme weather hits, MetraWeather’s customers are armed with accurate and reliable forecasts which allow them to manage risk and take advantage of market movements that they have anticipated before their competition.