A cold front moves
down from Canada, and heaters start humming. A holiday comes along, and
businesses shut down. Many different factors can influence natural gas use on
any given day. To provide you, our customers, with reliable and cost-effective
service, we depend on accurate forecasts of natural gas demand.
Those forecasts are
made with the help of software developed by researchers and engineers at
Marquette University. Director Ronald Brown launched Marquette’s GasDay program in 1993. We
Energies was one of the first companies to test the lab’s models. Now approximately
35 natural gas companies rely on GasDay software nationwide, and our natural
gas controllers use it to analyze demand and guide natural gas flow on a daily
basis.
The software evaluates
weather and market data to provide a “point forecast,” a single number
representing how much natural gas customers will need. In 2016, natural gas
controllers asked the GasDay researchers if they could provide even more information.
It would be helpful to see the total range of possibilities in addition to the
most likely forecast.
Saber defends his Ph.D. dissertation at the GasDay Lab. |
This method is common
in some fields, such as finance, but rarely has been used in the energy
industry due to its complexity. Saber knew that if GasDay could show
probabilistic results, it would present a more complete view of the risks that
could lead to over- or under-supply, helping natural gas companies cut down on
costs.
“It’s interesting –
in everyday life, we think in probabilistic forecasting,” Saber said. “Maybe you’re
thinking about how long it will take to get home from work. You don’t have any
point forecasting in mind. If the traffic is heavy, you’ll leave earlier.”
But modeling
probability isn’t so intuitive. When Saber chose this topic for his Ph.D. dissertation,
he set out to develop not only new ways of generating probabilistic forecasts
for the energy industry, but also new methods of evaluating and communicating
those forecasts. He began implementing his research at the GasDay Laboratory
in early 2017, and he successfully defended his dissertation in September.
The next step? Incorporating it into the software we use.
Example of a
probabilistic forecast predicting the amount of natural gas needed on an hourly basis. |
Saber’s research soon
may support our natural gas controllers as they make cost-effective choices and
plan for the uncertainties ahead. It is just one example of the ways the GasDay
Lab learns from and gives back to its customers.
“We love working with
our local utilities,” said Tom Quinn, GasDay business director.
We’re glad to have GasDay predictions on our side this winter – helping us
provide you with reliable and affordable natural gas service.
1 comment:
Thank you all so much!
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