Services & Solutions

Electric Power Demand Forecasting

Supporting Optimal Supply-Demand Operations for Electricity Businesses Through Highly Accurate Demand Forecasting Based on Weather Expertise

Electric Power Demand Forecasting is a service that forecasts the amount of customers’ electric power demand for each power area. The electric power demand is greatly affected by a variety of weather elements, including temperature, humidity, solar radiation, rainfall, and snowfall. By analyzing the characteristics of past electric power demand based on variable factors such as social activities and weather conditions^※1 and combining the skills of weather forecast specialists with artificial intelligence, we have achieved highly accurate electric power demand forecasts.

We provide services from system construction to data provision to suit customer needs and contribute to market trading, and supply and demand management of electricity.

※1　Usually we offer demand variability analysis service in advance due to figure out the characteristics of customer’s electric power demand.

Concept for Electric Power Demand Forecasting

Services

Prediction Target	Electric power demand by power area（unit：kWh）
Interval	Every 30 minutes
Estimated period	Up to 120 hours ahead
Input data	・Actual power demand（unit：kWh）・Contract power amount（unit：kW）・Weather elements （temperature, humidity, solar radiation etc.）
Forecasting function	・Forecast by voltage ・Forecast by industry ・Forecast by contract plan
Remarks	Options for extending the forecast period (weekly to monthly forecasts) are available.

We offer two types of services: an on-premise service for major power companies, and a cloud service mainly for Power Producer and Suppliers.

On-premise service

This is a service that delivers, installs, and operates servers for electric power demand forecasting within the customer’s facilities. System configuration and specifications will be customized to a customer’s need.

Cloud service

This is a service that receives actual electric power demand from customer and automatically distributes the forecast created on our cloud server. The service can be implemented in a short period of time and with little initial cost.

Features

Highly Accurate Demand Forecasting

By combining weather forecasts with extensive demand forecasting expertise, JWA provides stable and highly accurate electric power demand forecasts.

Support for Diverse Demand Forecasting Needs

We provide detailed demand forecasts tailored to each customer’s operational requirements, including forecasts by voltage class, industry sector, and contract plan. Flexible forecast designs are also available to match actual operational needs, such as forecasting by Balancing Group (BG) or service area.

Demand Forecasts up to 120 Hours Ahead

We provide demand forecasts up to 120 hours ahead, supporting supply-demand operations and planning, including two-days-ahead plans.
Weekly to monthly forecasts are also available, enabling the service to be used for a wide range of operations, from short-term operations to forward-looking supply and demand decisions.

Flexible System Integration

With implementation experience at more than 30 organizations and extensive integration experience with major supply-demand management systems, we enable smooth deployment and system integration tailored to customers’ operational needs.

Operational Support Beyond Forecast Delivery

Through regular reports and demand variability analysis reports, we help customers review forecast performance and continuously improve forecasting accuracy, providing support that is closely aligned with real-world operations.

Comprehensive Support for Electric Businesses

In addition to highly accurate demand forecasts, we provide a wide range of information required for electric business, including push notifications during extreme weather events, Demand Response (DR) optimization support information, and long-term demand forecasts. We provide continuous support for everything from daily supply-demand operations to medium- and long-term business planning.

Applications

Supply-demand management for electricity businesses, including major power companies and Power Producer and Suppliers
Demand forecasting (baseline development) for Demand Response (DR) and Virtual Power Plant (VPP) operations
Optimization of battery charging and discharging schedules and electricity market bidding plans for grid-scale battery storage operators