Forecasting Suite

Accurately forecasting a variety of quantities in the power network, such as loads, interchanged power and renewable energy, has a direct and significant impact on economical and reliable operation for industrial users and utilities. BSI's proprietary ELITE technology is an innovative and flexible framework for constructing high-quality ensembles of learning models. Based on this framework, BSI has developed a set of forecasting tools to meet power industry requirements.

Key Features

Field-proven technology for accurately forecasting power system quantities

Advanced optimization-backed techniques with automatic selection of relevant input variables

Taking full advantage of customer-provided data

Supports multiple forecast horizons and unattended operation

Self-performance monitoring and correction

User-friendly interface and flexible connections to different data sources

Key Benefits

Accurate and reliable load and interchanged power forecasting

Accurate and reliable renewable energy forecasting

Mitigating deleterious effects of renewable energy's inherent variability

Enabling more renewable energy penetration

Realizing cost-competitive renewable energy

Reducing maintenance cost of power system equipments

Available Modes

ELITE/STLF: Short-term (day-ahead) load forecasting

ELITE/MLTLF: Mid-term (week-ahead) and long-term load forecasting

ELITE/Interchange: Short-term inter-area interchange forecasting

ELITE/Wind: Wind power forecasting

ELITE/Solar: Solar power forecasting

ELITE/Anomaly: Power system equipment monitoring and anomaly detection