Models

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We provide a wide range of products and services

REF-E has employed its multidisciplinary skills in economics, econometrics, engineering and statistics to develop in-house forecasting models for the energy sector, for both forecasting and risk analysis purposes:

  • Elfo++, the leading model for simulation of the power generation market and wholesale price forecasts
  • Elfo++ Europe is the advanced version of ELFO++ designed to simulate the European market coupling on different time horizons (short, medium and long term)
  • CAST (CApacity Strategig Tool), a simulation model for the forecast of the capacity price
  • STEP (Short Term Electricity Price), an econometric model for short term forecasts of electricity prices
  • IDEM (electricity and natural gas DEMand), a forecasting model for national and local electricity demand
  • I-GaMe (Italian Gas Market Simulator), is the tool specifically designed by REF-E in order to simulate and forecast the italian gas wholesale market, PSV
  • EU-GaMe (European Gas Market Simulator), is the REF-E in-house proprietary structural model which provides clients with analysis and forecasts of European and regional gas market flows and prices throughout Europe
  • GASP (natural GAS Price), an econometric model for forecasting natural gas prices in Italy
  • CO2 (demand and supply forecast), a forecasting model for CO2 prices and supply and demand scenarios
  • GreeT (Green Tariffs), a model for generating green scenarios: growth in supply by source, plant location, returns, compliance with international objectives

REF-E models are:

  • used for in-house research activity and specialist consulting services
  • supplied by means of end user license agreements to operators who may use them autonomously for support in trading and planning activities.

REF-E constantly updates the input database and carries out maintenance to correct and develop the software, to transform forecasting models into efficient and highly customised tools.

Contact us for further information