RedFx

RED Fx Features

Real-Time Analytical Dashboard and Mobile application for monitoring of Solar/ Wind Plant generation data, comparing actual with forecast, revising forecasts and monitoring Deviation Settlement Mechanism (DSM) charges.
Real-Time Analytical Dashboard and Mobile application for monitoring demand data, comparing actual with forecast and revising forecasts.
Monthly MIS reports on forecast Vs actual generation, DSM charges summary and any other MIS as per the requirement.
SMS/Email alerts to the concern officials.
Compatible with most Browsers.
Available on cloud and for in-house installation.
Our reporting format meets all CERC/SERC compliance requirements.
Robust QA/QC process is followed to ensure the best forecasting result.
Fast customer set-up time.

Our Team

Our talented team has developed dynamic models that take into account complex relationships between large numbers of meteorological variables using AI, machine learning and statistics. It has allowed the users of REDFx to obtain higher levels of forecasting accuracy.

Diversified team of Data scientists/Machine Learning Experts with rich experience in forecasting activities.
Development support from experienced professionals from IIT Mumbai, Delhi, ISI Delhi and US consultants.
24*7 dedicated operation Team support.

Case Study

RE Forecast

Product RED Fx

Client: Solar Power Generator

Challenge: Solar generator required efficient services to provide forecast to minimize their huge deviations & losses.

Value: Highly accurate and timely delivery of forecast at Day-Ahead and Intra-Day Horizons by deploying state-of the art forecasting models incorporating weather variables. User friendly client dashboard and daily reports disseminated at fixed intervals.

RE Forecast

RED Fx Pro

Client: Wind Power Generator

Challenge: Wind generator required 24* 7 support & accuracy guarantee to ensure minimum DSM penalty.

Demand Forecast

Product RED Fx

Client: RLDC/SLDC/DISCOM

Challenge: In the absence of an effective forecasting tool, DISCOMs are incurring high financial penalties due to high deviations in their respective demand forecasts.

Value: Highly accurate and timely delivery of day-ahead and intra-day demand forecast, incorporation of a wide variety of variables like weather and events, user-friendly client dashboard and daily reports. Providing management with better solutions to carry out better and effective power management with reduced power spillage/shortage.

Demand Forecast

RED Fx Pro

Client: RLDC/SLDC/DISCOM

Challenge: In the absence of an effective forecasting tool, DISCOMs are incurring high financial penalties due to high deviations in their respective demand forecasts.