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by smlss_sftwr 1837 days ago
I find alternative data to be a fascinating world, your idea reminds me of CargoMetrics which is doing a similar thing in the shipping industry. Just wondering -- if and when you reach the scale where a substantial segment of the supply side of the electricity market is using your service, is there the possibility that your algorithms can be subject to a reverse self-fulfilling prophecy (e.g. you predict a downwards demand shock which leads producers relying on your forecasts to scale back generation, but because so many producers are doing so in tandem there ends up being a power shortage)? Also, are you exclusively targeting the supply side, or do you have plans for a consumer-side offering as well? I feel like there would be immense potential for an integrated "smart" power grid especially with the rise of planned smart cities in the Asia-Pacific region so that might be another interesting application of your forecasting. Congrats on the launch, looking forward to hearing where y'all go from here.
1 comments

If we become that successful, yes, we'd have to adjust our forecasts for the effect of supplying our forecasts!

Most consumers don't have access to wholesale, fluctuating rates, so we're not sure how to effectively reach them with something beneficial. If home responsive demand such as car charging or smart appliances become much more widespread, we'd definitely want to find a way to manage those as well; I guess we'd have to go through their utilities but unsure.