Renewable Energy & Demand Forecasting Solutions

Demand Forecast

60,000 MW

Wind Forecast

4,808 MW

Solar Generation Forecast

9,325 MW

About RED FX

Kreate offers RED - a highly accurate machine learning and statistics based Renewable Energy generation and Demand forecasting tool that is designed to meet the needs of generators, distribution companies, state and regional load dispatch centers, as well as meeting compliance needs of regulatory commissions. Our easy to use products help you lift your overall energy business performance and simplify reporting.

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.

Kreate Forecasting Solution-RED Fx

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 users of RED 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 Plant Owner

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

Value: Highly accurate day-ahead demand forecast, timely delivery of forecast, incorporation of a wide variety of variables like weather and events, client dashboard and daily reports.

RE Forecast

RED Fx Pro

Client: Wind Farm Owner

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

Value: Highly accurate day-ahead demand forecast, timely delivery of forecast, incorporation of a wide variety of variables like weather and events, client dashboard and daily reports. 24*7 control room monitoring, energy accuracy guarantee, DSM Accounting Settlement, client dashboard.

Demand Forecast

Product RED FX

Client: DISCOM/SLDC/RLDC

Challenge: In absence of effective forecasting tool, DISCOMs are incurring high financial penalties due to high deviations.

Value: Highly accurate day-ahead demand forecast, timely delivery of forecast, incorporation of a wide variety of variables like weather and events, client dashboard and daily reports. Management able to plan better, high accuracy/high value.

Demand Forecast

RED Fx Pro

Client: DISCOM/SLDC/RLDC

Challenge: In absence of effective forecasting tool, DISCOMs are incurring high financial penalties due to high deviations.

Value: Highly accurate day-ahead demand forecast, timely delivery of forecast, incorporation of a wide variety of variables like weather and events, client dashboard and daily reports. 24*7 control room monitoring, client dashboard, Management able to plan better, high accuracy/high value.

Product Offered

Product Services

Services
Forecasting
Automated Scheduling
Client Dashboard
Accuracy Analysis
Monthly Report
DSM Calculations
24/7 Control Room Monitoring
Manual Schedule Verification
DSM Accounting Settlement
Energy Accuracy Guarantee

RE Forecasting

RED Fx
RED Fx Pro

RE Forecasting

RED Fx
RED Fx Pro

Value Added Services

PTS GENCO:

A Contract Management and Scheduling Solution that manages the power transactions from front-to-back office.

Benefits:

  • Low operating cost.
  • Minimum manual intervention.
  • Flexible payment option.