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Natural Gas Price Prediction

Natural Gas Price Prediction

REALIZED OUTCOME

Price Prediction

Optimization of trading activities by reliable forecasting of the natural gas price for the day ahead trading leads to increased efficiency in storage operation, balancing group management and portfolio management.

Deutsch

Realisiertes Ergebnis

Price Prediction

Die Optimierung der Handelsaktivitäten durch eine zuverlässige Prognose des Erdgaspreises für den Handel am Vortag führt zu Effizienzsteigerungen im Speicherbetrieb, Bilanzkreismanagement und Portfoliomanagement.

English

Some municipal utility providers would like to optimize their trading activities. Here, we set our focus to one special contract of the natural gas market, the so-called day ahead. Intraday and short-term price prediction of this specific product can help municipal utility providers to optimize their trading activities with regard to storage operation, balancing group management and portfolio management. Can we design algorithms to forecast intraday and short-term price movements in this context?

Partners

Kolumbus is a cooperation between Gelsenwasser, Stadtwerke Bochum and DEW 21. Together they develop new ideas, try out new business models and jointly learn about what can help them to move forward. Topics that concern them, amongst others, are Big Data, Smart Cities and Agile Methods.Company website

Budget

€20,000

Application Deadline

08th May 2020

NEXT Steps

Application period has ended - we will screen the applications and will get back to you by May 25th the latest.

Winner STARTUP

OmegaLambdaTec

HOW TO APPLY?

Request your data sample to tackle the challenge
2. Get your application ready to upload
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Q&A Video-Session