Cognite Data Fusion® for Power Market Operations
Power generators face unprecedented challenges from fast-changing market dynamics and exploding complexity. Maximize revenue opportunities and minimize imbalance costs with improved data-driven decision-making processes built for complex, real-time market activity.
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Complex markets demand a smarter approach to data-driven decisions
As liquidity increases in intraday markets, the sheer volume and complexity of trading activity has outpaced the capacity for prudent, optimal decision-making. Players will have to remain focused on continuously making the most profitable decisions in real-time across all market opportunities in order to maximize profits and manage risk.
Operators must have a strategy to move away from data silos, spreadsheet-based tools, and legacy decision support methods that are not built for the requirements of tomorrow’s dynamic, high-volume markets.
Improve forward, day-ahead, and intraday price forecasts
Continuously iterate on your supply and demand and resource forecasts by leveraging more diverse data and analytics input and an environment for benchmarking and continuous improvement.
Capture opportunities across multiple markets
Optimize decision-making in multiple markets with automated, event-driven multi-market decision support processes and integration with third party optimization tools.
Add new revenue streams to your business
Support virtual power plants, imbalance management for third-party assets, and additional flexibility services, and launch new business areas as markets become available for hydrogen and CO2.
Get more out of your ETRM solutions and process
Designed around mastering the flow of real-time market data and information to stakeholders and analytics, Cognite Data Fusion® and the Power Market Operations extension helps users leverage a contextualized view of relevant inputs including analytics, bids and offers, and price scenarios with less effort and complexity.
Connect disparate data
Easily integrate market data sources including production optimization models and fundamental market models.
Streamline analysis
Use native tools to set up and monitor data pipelines, contextualize across sources, and provide easy access to charting and configurable alerts in low-code tools.
Monitor and act
Support production settings and monitoring of event-driven automation of models with dedicated user interfaces for trader decision support that offers suggestions and insights into key drivers and data sources.
Benchmark and improve
Track historical and current forecasts and decisions by retaining all historical data in a fit-for-purpose data model that can be easily referenced over time.
Industrial, simple, scalable
Built for complex, high-volume data analysis, Cognite Data Fusion enables analysts and traders with simple access to the most up-to-date market and operations data and the ability to quickly analyze, act, and benchmark forecasts and trading decisions.
Existing manual processes and legacy ETRM solutions are not designed for new market realities. Our solution combines intuitive, tailored user experiences with rich DataOps capabilities that enable data to be used with more speed, granularity, and flexibility at enterprise scale.
Leverage a broad portfolio of out-of-the-box data connectors, domain-specific data models, and bid generators to simplify data wrangling and analysis and trigger workflows and automation using event-driven architecture without having to resort to significant coding efforts.
Industrial customers like Hafslund Eco, Lyse, and Equinor already use Cognite Data Fusion to improve real-time decision support and reduce time-to-value across physical power trading and production optimization.
Cognite Product Tour 2023
Learn from Cognite customers and product managers how Cognite Data Fusion® simplifies and streamlines the data experience of a subject matter expert in 2023. With the ability to unify data from various sources and the power to easily create and share insights with user-friendly tools, take control of your data and see the benefits for yourself.