Accuracy in Forecasting Amounts to Cost Savings in Delivery

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Date:

01-01-2009
Vendor:

SAS Institute
Registration:

Required
Type:

Case Studies
File size:

Not specified
Format:

PDF, Acrobat Reader
Pages:

Not specified

Publisher’s description

As of 1 March 2004, Copenhagen Energy (Kobenhavns Energi) was approved by Elkraft as a balance partner. From now on the Copenhagen-based energy company will predict the next day's consumption of electricity hour by hour. The challenge was to accurately forecast energy demand for minimal loss. Copenhagen with the help of SAS doubled forecasting accuracy, offers cost savings of up to 50 percent and supports stable, reliable delivery of energy to consumers.

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Accuracy in Forecasting Amounts to Cost Savings in Delivery