Case Study: Axpo achieves lower balancing costs with Meteomatics EURO1k weather forecasts

Axpo cuts balancing costs by up to 10% with Meteomatics

The customer, Axpo, is a major Swiss power producer and international energy trader. They faced challenges in a highly competitive market where fast-changing weather conditions and inaccurate forecasts could quickly lead to costly imbalances. To gain a trading advantage, they partnered with vendor Meteomatics and implemented its proprietary EURO1k weather model.

The solution from Meteomatics provided high-resolution, site-specific forecasts with hourly updates, which were integrated into Axpo's trading systems via an API. This allowed for sharper day-ahead and intraday trading decisions. The implementation resulted in a significant reduction of balancing costs for Axpo's European wind portfolio, with specific cases showing reductions of up to 10%.

Axpo