Transmission system operators, distribution system operators, generation companies and trading houses all need to be able to forecast wind as accurately as possible, in order to make better decisions about how they best exploit this source of energy.

A number of forecasting tools are available on the market. For example, OMNETRIC has experience implementing Siemens Spectrum Power Short Term Wind Power Forecast: a state-of-the-art forecasting solution based on an algorithm first developed and deployed by Spain’s REE. However, many actors in the wind power value chain use more than one solution.