The Step4 project looks at the short term electricity price markets on the Islands of Ireland and Great Britain initially. It analyses historic electricity and other related data and forecasts market prices on half hourly or hourly basis depending on the different markets. It builds on research already carried out by Nimbus staff in the areas of forecasting techniques, model predictive control and energy optimisation.
This project is resourced entirely by Nimbus Centre as it has originated from research carried out by Nimbus Centre staff.
Step4 is funded under the Enterprise Ireland commercialisation fund programme.