Ukraine Denmark Energy Centre

a bilateral government cooperation on strategic energy planning

System for short-term forecast modelling and software developed in accordance with international best practice

Output 2 System for short-term forecast modelling and software developed in accordance with international best practice

 

Output 2

System for short-term forecast modelling and software developed in accordance with international best practice.

Output indicator 2
  • Status of introduction and implementation of the short- and long-term forecast modelling system.

Baseline

Year

2017
  • The current short-term energy forecasting system is not used
  • No methodology for forecast of energy balance

Target

Year 1.5

2019
  • Development of short-term energy balance modelling tool and customize it to the Ukrainian situation based on international best practice

Target

Year 3

2020
  • Relevant short-term energy balance modelling tool developed and customized to the Ukrainian situation based on international best practice.
  • Ukrainian experts trained in the use of the modelling tools.

Development of short-term energy balance modelling tool and customize it to the Ukrainian situation based on international best practice in process. This project is aimed to support MoECI in developing software tools for short-term forecasting of the annual and monthly electricity balance. The software will be developed considering the requirements of the Law of Ukraine “On the Electricity Market”, as well as the best international experience.