| Publisher | SAS Institute | ||
|---|---|---|---|
| Format | HTML | Date added | 05 Jul 2006 |
| Topics | Strategic Planning, Knowledge and Data Management, Data Mining - Analysis | ||
| Downloads | 64 | ||
In Eastern Denmark, it is the Elkraft System that has the overall responsibility for the electricity supply. Elkraft has 16 partners responsible for balance. 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. Utilizing SAS technology for demand forecasting, Copenhagen Energy quickly recouped their investment because the new forecasting solution is faster, better and less expensive than the previous system, which involved external forecasting services. In fact, the solution was up and running in just 2 months and forecasting accuracy has doubled.
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