Forenel
Forenel provides a comprehensive suite of energy market forecasts and analytics via API and web portal, covering wholesale, reserve, and capacity markets. The platform delivers point forecasts, confidence intervals, and reserve direction probabilities to help energy utilities, traders, and balance responsible parties optimize production and reduce costs. Forecasts span day-ahead, intraday, aFRR/mFRR, FCR-N, FCR-D, and FFR markets.
- Data & Analytics
- Energy
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Energy market participants face complex and volatile wholesale, reserve, and capacity markets, where accurate price and volume predictions are essential for production optimization, trading profitability, and cost management. Imbalance costs and inefficient asset utilization erode margins without reliable, actionable forecasts.
Solution
Forenel delivers a comprehensive suite of energy market forecasts and analytics through both an API and a web portal, covering wholesale, reserves, and capacity markets. The platform provides point forecasts, confidence intervals for likely price or volume ranges, and probability estimates for reserve directions. This enables energy utilities to optimize production and secure favorable prices, while balance responsible parties reduce imbalance costs and flexible asset owners increase returns. Energy traders leverage the latest data for profitable trading, and consumers streamline production planning and intraday trading. The offering is supported by advanced analytics that refine raw market data into actionable insights.
Target Audience
Primary customers are energy utilities, balance responsible parties, flexible asset owners, energy traders, and energy consumers operating in wholesale, reserve, and capacity markets.
Features
- Forecasts spanning day-ahead, day-ahead medium-term, intraday, aFRR/mFRR energy, aFRR/mFRR capacity, FCR-N, FCR-D, and FFR markets
- Confidence intervals provided alongside point forecasts, indicating the range into which prices or volumes are most likely to fall
- Probability forecasts for the direction of reserve activation
- API and web portal access for integration into existing workflows
- Data integrations enabling automated retrieval of the latest market forecasts