Case Study: EVN achieves faster, more accurate energy-market forecasting with Quantrix

EVN Uses Quantrix to Forecast the Energy Market

EVN, an Austria-based energy conglomerate serving over three million customers, needed a modern forecasting and planning platform to replace Oracle Financial Analyzer because their prior tools lacked flexibility in data structure and formulas and required long calculation times. EVN’s energy planning group evaluated several solutions and selected QUANTRIX, leveraging products such as Quantrix Modeler, Quantrix 64, DataLink and DataPush to address complex, multi-dimensional forecasting needs across generation and retail businesses.

QUANTRIX implemented an integrated solution enabling hourly-granularity forecasts, forward-price valuation and seamless Oracle integration for historical and consolidated data, which cut forecast update cycles from weeks to hours and delivered faster, more accurate decisions. The QUANTRIX deployment improved profitability and cost savings, reduced resource overhead, enabled real-time model updates in planning meetings, and supported better risk management and plant-operation decisions.

EVN

Robert Halbweis

Energy Economist and Planner