Energy Forecasting

Clarity. Accuracy. Confidence.

Itron has the products, services and experience for all your forecasting needs.

Analytics Forecasting Revenue Assurance

Forecasting business intelligence and outcomes.

Industry-leading knowledge. Innovative software. Services that deliver. Across short-, mid- and long-term forecasting, Itron has the experience and solutions to drive your strategy and business operations.  

maximize operations

Maximize Operations

(Short Term)

With short-term forecasting (5 minutes-10 days), you can improve grid and retail operations, and enhance energy trading.

increase revenue

Improve Financial Performance

(Medium Term)

With medium-term forecasting (1-3 years), you can gain insights into sales forecasts, revenue forecasts and variance analysis.

enhance planning

Enhance Planning

(Long Term)

With long-term forecasting (5-20 years), you can enhance visibility and planning for a variety of energy, peak and hourly load forecasting activities.

The Future of Operational Forecasting has Landed in Australia

Learn more about a forecasting framework and the concept of Dynamic Operating Envelopes supporting a new market mechanism Australia is evaluating for growing and managing distribution energy resources (DER), particularly solar PV generation and battery storage.

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Estimated Impact of COVID-19 Restrictions on California Water Consumption

California is experiencing a severe drought and in response, Governor Newsom issued an Executive Order calling on Californians to voluntarily reduce their water usage by 15% compared to 2020 levels. Did COVID-19 restrictions lead to a net increase in water consumption? What impact does this have on this new Executive Order? Read more in this white paper and recent article from Water Online.

Water Online Article

White Paper
FaaS Demo

Forecast as a Service

From short-term operations and power procurement to long-term capacity planning, rely on the forecasting team that works with system operators and utilities around the world to deliver accurate and reliable forecasts scalable to your needs. Watch a short demo about Itron’s Forecast as a Service (FaaS) offering and let us deliver updated forecasts to you as frequently as you need them.

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DTE Interview screenshot

DTE Energy

Improving Forecasting Accuracy with AMI Data. DTE changed the conversation from what was actually happening to what’s going to happen in the future by incorporating real-time AMI data.

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Itron Forecasting Services: Insights from Industry Experts

Since the 1970s, Itron has built expertise in all aspects of forecasting, ranging from the very short term to the very long term. Our solutions are backed by a team of industry experts with a deep experience in forecasting and best practices. Adding in AMI data allows us to see how the world works.

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A Deep Dive on Support Vector Regression

Support Vector Regression (SVR) is unlike most regression methods. SVR comes out of the data science field as an offshoot of Support Vector Machines (SVM). Read more about how SVR stacks up when it is applied to time-series prediction problems, like modeling daily energy use.

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Related Use Cases

Electricity
COVID19 and Load Forecasting

COVID-19 and Load Forecasting

There are unprecedented load forecasting effects due to the COVID-19 pandemic. On March 26, Itron's forecasting team discussed how to model the load shifts due to COVID-19 mandates. The recorded video is available to view and the team is also providing regular updates on the latest trends.

Electricity
Reducing the Potential for Generation Redispatch

Reducing the Potential for Generation Redispatch

This white paper presents a framework for improving day-ahead and intraday consumption forecasts in the face of existing COVID-19 lockdown mitigation policies, as well as when the lockdown policies are relaxed to allow for a re-opening of Europe’s economies.

Electricity
Toward an Optimal Combined Load Forecast for System Operations

Toward an Optimal Combined Load Forecast for System Operations

This white paper reviews of some of the research and data science literature on combining forecasts and includes recommendations on how to develop an optimal ensemble forecast for operational load forecasting.

Electricity Gas
person engaging with graphical visuals

Short-term Forecasting Services

From short-term operations and power procurement to long-term capacity planning, rely on the Itron forecasting team that works with system operators and utilities around the world to deliver accurate and reliable forecasts scalable to your needs.

Electricity
person in suit touching point on graph

Financial Analysis with Smart Meter Data

Learn how you can unlock the power and value of interval data to improve utility processes in the areas of financial analysis, load research, forecasting and planning as well as provide efficient, reliable and flexible aggregation.

Electricity
Analytics Short Term Load Forecasting

Short-term Load Forecast Modeling

Learn techniques for building within-day and day-ahead load forecasting models that system operators and energy traders rely on for scheduling, dispatching and procuring generation to meet demand with this practitioner’s guide.

Electricity
solar panels and windmills against blue sky

Forecast Framework for DERs

Distributed energy resource forecasts are critical to the real-time load forecasts that system operators require. Explore the Integrated Energy Forecasting Framework (IEFF) and how this concept has been extended to long-term load forecasting.

Electricity
Analytics Machine Learning

Load Forecasting with Machine Learning

Take an in-depth look into the impact of machine learning on load forecasting and discover what’s real and what’s just hype.

Electricity
colleagues in meeting and shaking hands

Additional Forecasting Consulting Services

Software solutions backed by a team of industry experts, providing services such as: forecast process reviews and updates, rate case support, staff supplementation, forecast outsourcing, subscription services and training.

Explore Related Products and Services

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Automated Forecasting: MetrixIDR

Used by the world's largest system operators for short-term forecast accuracy, reliability, scalability and flexibility,  MetrixIDR also serves as the back-office engine for Itron’s FaaS offering.

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Statistical Modeling: MetrixND

This powerful statistical package, with a 20-year track record of performance and success, is built specifically to solve energy forecasting challenges associated with statistical modeling.

woman pointing to computer

Load Shape Modeling: MetrixLT

A powerful toolkit for building bottom-up load shape forecasts and forecasting peak demand, while making hourly load shape data easy to visualize, analyze and calibrate.

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Sales & Customer Forecast Management: Forecast Manager

Bring together your sales forecasting, data management and reporting into a single integrated application- designed to work with MetrixND to provide a robust forecasting solution.

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Load Research System: LRS

Load Research System supports all accepted sample design and expansion methods, providing you with valuable insight into how your customers use energy.

colleagues working at the computer

Energy Forecasting Group: EFG

Itron delivers subscription-based services, such as the Energy Forecasting Group (EFG) providing access to a library of regional end-use data and statistically adjusted end-use models along with coordinating an annual meeting.

Resources

Forecasting and Load Research YouTube Library

Watch the Videos

Forecasting Workshops & Meetings

View Workshop Calendar

Forecasting Blog

Blog

Energy Forecasting Services

Read Brochure