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| Overview Capabilities Staff Projects |
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Short-term & Long-term Electricity Price Forecasting
Price forecasting plays a crucial role in planning and project development in the electricity markets, as well as in resolving contract disputes and projecting the impact of proposed market regulations and policies. While price forecasts are by definition subject to uncertainty, Synapse’s work in this area stands out due to our attention to market fundamentals, our in-depth treatment of regulatory trends, and our ability to apply the most appropriate forecasting tools for any given project.
Synapse is well known in the industry for our thorough treatment of emissions costs – including projected carbon dioxide emissions costs – in our power price forecasts. In addition, we have applied our in-depth experience in generating technologies and applicable financial models to produce credible long-range electricity price forecasts in support of long-range planning exercises.
For detailed shorter-range market price forecasting and market analysis, Synapse applies the MARKETSYM model from Global Energy Decisions. This enables us to perform detailed scenario analysis on electricity markets, including transmission constraints, cost-based or strategic bidding, and analysis of proposed regulations.
Synapse has recently reviewed price projections for regional electricity markets to evaluate utilities’ stranded cost estimates, project future electricity generation costs, evaluate demand-side management investments, and assess renewable portfolio standards.
