Success at the power markets.

Greece’s leading energy supplier PPC employs KISTERS solutions for forecasting and procurement preparation.

Aachen (Germany), August 28^th, 2024.

For energy suppliers it is important to know the expected sales volumes at all times in order to be able to procure electricity in a targeted manner and avoid expensive short-term purchases and balancing costs. In addition, the best possible placement of their generation portfolio on the electricity trading markets is crucial for a company’s success. Precise short-term and long-term forecasts enable energy suppliers to make future-proof decisions for their business.

Public Power Corporation S.A. (PPC), the leading energy supplier in Greece, is now using KISTERS solutions to manage its portfolio on the futures and spot markets and to forecast the short and long-term development of its sales. KISTERS, the Aachen-based IT provider for the energy industry, is supplying PPC with a forecasting system, an energy data management system with mass data capability and a sales aggregation system to improve the process between energy sales and procurement. “KISTERS’ innovative technology provides us with highly accurate load forecasts, supports the operational efficiency of the retail and energy management departments and enables us to better manage our complex portfolio in the various markets. Over the course of the project, KISTERS has proven to be an invaluable partner in the implementation of our digitalisation strategy. I am delighted with the positive results of this collaboration and look forward to further joint successes,” says Konstantinos Sofos, Director B2B Pricing & Demand Forecast at PPC.

The KISTERS IT solution integrates and manages around 10,000 metered medium and high-voltage extraction points and around 6 million low-voltage contracts. The rapid management and analysis of the mass data enables PPC to make data-based decisions and improve its trading strategy. “As part of our long-standing partnership with PPC, we are working together on best practices with the goals of increasing demand flexibility, developing new tariffs, improving customer service and operational efficiency,” explains Dr Markus Probst, Head of Energy at KISTERS.

AI-based forecasts across all time horizons.

PPC uses the KISTERS forecasting tool BelVis PRO to generate various forecasts using a bottom-up approach based on artificial intelligence (AI). The short-term forecasts with very high accuracy support trading activities on the day-ahead and intra-day market. They are calculated every three hours with a horizon of seven days in advance and an hourly resolution. The long-term forecast of the metering points is summarised with the KISTERS sales aggregation to procurement segments in order to improve PPC’s portfolio management and support the development of effective commercial strategies.

About KISTERS

Increasing access to and efficient use of renewable energy to mitigate the effects of climate change is our passion and our motivation. With innovative ideas regarding the intelligent use of renewable energy, we develop digital solutions that more responsibly steward our earth’s resources. In our energy team, you play an active role in shaping a more sustainable future together with us and our customers. Our portfolio for the energy industry includes tried-and-tested software for energy data and portfolio management, metering and metering point operation, energy trading and sales, forecasting, virtual power plants and smart grids/control technology. More than 750 companies from the energy sector and industry rely on KISTERS software.

Software for the energy market – KISTERS

About PPC

Public Power Corporation S.A. (PPC) PPC is the leading Southeast European electricity supplier, generating and distributing electricity and providing advanced energy products and services in Greece, Romania and North Macedonia. PPC is the largest electricity supplier in Greece and Romania with a total of 8.8 million customers supplied with around 33 TWh of energy. PPC has a total capacity of 10.8 GW, including thermal, hydro and RES power plants. PPC is now the largest clean energy company in South East Europe with 4.7 GW of renewable energy production capacity and 2.8 GW of projects under construction or ready for construction and a project pipeline of 20 GW.

Press contact   

KISTERS AG
Astrid Beckers
Wetterkreuz 13a
91058 Erlangen
Germany
Phone: 09131 480096 39
Fax:  09131 480096 55
astrid.beckers@kisters.de

Further press information can be found at KISTERS AG at
https://www.kisters.eu/about/news/

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