Energy Forecasting

Clarity. Accuracy. Confidence.

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

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.

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.

Watch the Video

Read about the latest trends

Forecast as a Service

DTE Energy

Itron Forecasting Services: Insights from Industry Experts

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.

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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.

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Related Use Cases

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Forecast as a Service (FaaS)

Simply provide updated energy data and FaaS delivers updated forecasts. You get the power and accuracy of the Itron system with our modeling expertise without incurring the upfront cost of acquiring hardware, software or the on-going cost of operating and maintaining the system.

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Financial Analysis with Smart Meter Data

Learn how you can unlock the power and value of interval data as well as provide efficient, reliable and flexible aggregation.

Analytics Short Term Load Forecasting

Short-term Load Forecast Modeling

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

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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.

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.

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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.

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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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Financial Time Series Database: Forecast Manager

Streamline, centralize and simplify forecasting processes with this time-series database—built 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.

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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

View Blogs

Energy Forecasting Services

Read Brochure