mP Scenario
Scenario analyses and Monte Carlo simulations for better decision-making under uncertainty.
A point forecast is an assumption. mP Scenario visualises the uncertainty band: parallel
calculations based on different weather inputs, Monte Carlo simulations, if-then conditions. mP Scenario identifies situations covered by Section 51 of the EEG at an early stage.
Key features of mP Scenario
- Parallel scenario calculations: best-case, worst-case and normal-case scenarios simultaneously
- Monte Carlo simulation: probability-based scenarios for temperatures,
feed-in and consumption - Confidence intervals: automatic calculation of upper and lower limits
- If-then conditions: Rule-based scenarios – e.g. ‘If temperature < 0 °C, then
adjust heating load’ - Range of generation and consumption: see early how wide the band is and adjust storage and schedules in good time
- Flexible output routing: Send different scenarios to different target systems
Making uncertainty visible
Watch a personalised demo to see how mP Scenario calculates best-case, worst-case and range scenarios in parallel and alerts you to negative prices at an early stage.