The market today, Birkelund adds, is very different to when he was “not that much younger, but still younger than now…”. “Most companies have the ability to create forecasts themselves, they have that kind of competence, they have the systems.” And most importantly, they might have people working for them who know their own business better than an external analyst would. EQ’s target clients are companies who have the skills to work with and refine data, but lack time and resources. The aim is to get them to what Birkelund calls the “starting line”, giving them access to data sets that are stored, curated and verified by the EQ team, so that they can fine-tune their own forecasts.
As gas prices across Europe spike, Energy Quantified is in the process of adding gas data to their existing power offer, making them into a true one-stop shop for European energy market data.
Montel Price it - Using the market to forecast the future
Montel Price it’s core products, Price Forward Curves (PFCs) aren’t forecasts either. As Marc Hasenbeck describes it, PFCs are a prognosis tool for companies, helping them to understand what their exposure on the futures market equates to in hourly, daily and weekly forecasts. “Market players have an individual prognosis for the future, and this informs their strategy in the futures markets, which creates market prices,” he says, “What we are trying to do is rediscover what made the market prices themselves.”
The central tenet, inherited from Hasenbeck’s experiences in the stock market, is that all market information is contained within the market prices and their fluctuations. Their own spot forecast model, which runs to 14 days ahead, is built around this simple idea.