Premiere Weather Data Platform and Leading Nodal Market Visualization Tool Align on Comprehensive Solution for Nodal Power Traders
Andover, Ma Oct 25, 2012 – WSI (Weather Services International), the most trusted name in weather data, and Yes Energy have partnered to integrate WSI’s industry leading weather data into Yes Energy’s PowerSignals™ platform. PowerSignals is the energy industry’s most comprehensive, graphical, decision-support suite for traders in nodal power markets.
WSI and Yes Energy are actively collaborating to integrate WSI’s real-time weather observations and skillful, hourly forecasts into the PowerSignals platform. Users who subscribe to WSI’s HourlyTrader and Yes Energy’s PowerSignals can access WSI weather data via PowerSignals.
“We all know that local weather conditions are the single largest driver of local demand for power, and often the driver for spreads between market locations. This partnership will enable nodal traders to combine skillful, market-specific, current conditions and weather forecasts with many other drivers of supply and demand in a single, unified display,” said Michael McNair, President and Founder of Yes Energy. “In this new relationship we combine the strengths of two companies that are the best at what they do individually. The whole of what we create together will be greater than the sum of the parts.”
WSI Weather Data
WSI’s real-time weather observations and market-leading forecasts, now available in both PowerSignals and HourlyTrader, allow traders to manage volatile swings in the hourly power market. Utilizing a proprietary observation network that reports every five minutes, WSI provides current conditions for the key demand cities within each power pool. This unbeatable resolution combined with WSI’s high quality, hourly forecasts enables traders to optimize decision-making and mitigate risks by offering highway level data, custom map views and alert thresholds.
“The combination of WSI’s skillful weather data and industry-leading forecasts, along with Yes Energy’s comprehensive visualization platform is a clear home-run for the nodal power market,” said Robert Boucher, Product Director, WSI. ”In one, user-friendly platform, nodal traders can find all the crucial decision support tools that enable optimum understanding and comprehensive information for minute-by-minute nodal power market trades.”
PowerSignals delivers the world’s most comprehensive, real-time and historical nodal market data. Charts, maps, scatter plots and tables offer unique insights into trading opportunities and allow reliable tracking of Virtuals, FTRs and Spreads. Live price maps integrate transmission and generation outages, transmission constraints and custom portfolio information for the most complete picture of market drivers available.
Learn more about this unprecedented nodal marketplace alliance. Join WSI and Yes Energy at Platts' Nodal Trader Conference at the Marriott Marquis in Manhattan, October 25 and 26. Visit them at the conference; or contact Robert Boucher at firstname.lastname@example.org, 978-983-6558, or Michael McNair at Michael@yesenergy.com, 303-993-2773 x 100.
About Yes Energy
Founded in 2008 and headquartered in Boulder, Colorado, Yes Energy LLC provides industry-leading web-based graphical decision support products and analytic support services to participants in electric power markets. Yes Energy's software and data systems are designed to directly assist traders in researching and placing trades. Yes Energy combines quantitative analysis, large dataset management, unique visualization and dynamic software applications to create new ways to understand and profit from changes in the electric power market, particularly relating to node-based trading, financial transmission contracts (FTRs).
About WSI Corporation
WSI is the most trusted source of weather information across the globe. Top energy trading groups, utility companies, insurance professionals and financial institutions worldwide trust WSI to supply them with easy-to-use, timely and expert weather guidance to help anticipate market volatility, mitigate risk and make critical decisions with confidence. WSI is a member of The Weather Channel Companies and is headquartered in Andover, Massachusetts with offices in Birmingham, England. The Weather Channel Companies are owned by a consortium made up of NBC Universal and the private equity firms The Blackstone Group and Bain Capital.
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