PTC entered into an agreement with N-Side -Belgium to work on developing a predictive solution for the Indian power markets
NEW DELHI, Mar 15 (The CONNECT) -Power trading major PTC India Limited today announced entering into an agreement with N-Side, Belgium, to work on developing a predictive solution for the Indian power markets.
As a part of its long-term strategy to position itself as a technology enabled solutions provider in the electricity value chain, PTC is building a portfolio of forecasting tools across various tenors to forecast demand and prices in the electricity markets. This is in addition to the in-house PTC ANALYTICS LAB that had been recently set up to generate proprietary analysis and insights for PTC’s internal use and for those of its clients.
The evolving Indian power market in which the behavior of the market participants resulted in heightened volatility recently has validated the need for market makers to equip themselves with tools and solutions to support their decision making.
Dr. Rajib K Mishra, CMD (addl. charge), PTC India Limited, said the participation in the markets of the future would require a core competency of data analytics in all aspects involving descriptive, predictive, and prescriptive analytics and PTC is well on its journey to reposition itself as a technology enabled market maker.