So, what does the service actually look like?
EQ provides a one stop shop for numeric data intelligence. All the data you need, from one source, on cost efficient and transparent terms. We don’t just provide all the demand and supply-side components relevant for your market, but we curate the data so it can synchronise into your workflows without any need for further formatting. We also make sure that both historical data and forecasts are updated with the smallest possible time gap between the update of the primary source and customer’s own databases.
Added to this, we monitor and keep track of changes to power market and continuously simulate the expected prices for spot market from hour 0, up to 45 days lead time. You can receive updated simulations of your power markets sensitivities, expected price spreads and simulations for expected power flows across Europe. All relevant price moving factors, like REMIT and hydrology data for example, is factored into the simulations too.
To top it up EQ simulates 40 weather years for your markets. We call it fundamental climate data.
Why can’t I just get the data direct from the source?
You can if you like. But be advised that across Europe, there are different naming conventions, definitions of data and resolution. This makes using and comparing data between countries very difficult. Thankfully, EQ has removed these obstacles, profoundly improving the efficiency with which your team can develop and operate your own systems.
When it comes down to it, we’re data scientists and ‘quants’ ourselves, so we know the value of clean, well labelled and accurate data sets. That’s why we’ve done the hard work to add, verify and continuously maintain sets of variables that are important for modelling across European electricity markets.