Telco & Utilities
Telco & Utilities
Forecasting in natural gas logistics
Edison is one of Italian leading companies in the energy sector. We have supported the firm in a project to strengthen its forecasting tools for the different market clusters.
- Description and benefits
Gas logistics is generally governed by management systems that allow to constantly control the balance between supply and demand. According to the new regulatory scenarios, gas suppliers are required to estimate, every day, the next day's consumption, in order to allow the optimal balancing of the network. Together with Edison, we have created a gas demand forecasting model, based on machine learning, neural networks and ensemble techniques. Our tool can predict in detail the consumption of customers, allowing a better management of the portfolio.
More reliable decisions
The company's choices can be based on updated and reliable information, due to a significant reduction in the gas demand forecasting error
Savings on imbalance charges
Accurate forecasting reduces imbalance charges
Navigable dashboard
Shows data for accurate gas demand estimation in an easy way
Deepening case study
More models for one project
Our project is composed of multiple models to enable accurate demand forecasting in various market clusters: civil/residential, industrial, and thermoelectric. The resulting model is adaptively optimized for each of these clusters, and is based on demand history from previous years and additional contextual variables gathered from external sources. Compared to other available models, our solution is more adaptable because it allows, for example, a precise differentiation by geographical areas. This way the company is not limited to data aggregated at national level.
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