Before you start
To create a forecast, you must have a registered account with Modo Energy. You can do this by signing up here (for free).
When to create a forecast
Create a custom forecast when you need projections for a specific asset or project. You can:
Run your own inputs through the forecasting model
Compare multiple market outlook scenarios for the same project
Forecast for both operational and non-operational assets
Layer in your revenue contracts, so the forecast reflects your real project economics rather than just merchant exposure
Model multiple asset types (BESS, solar, and wind) together in a co-located or tri-located configuration, depending on your region
Starting a new forecast
On the side panel, click the + icon next to Forecasts.
Choosing your market
Pick the market your asset connects to:
US — ERCOT, CAISO, SPP, and across the Eastern Interconnection: PJM, MISO, NYISO, and ISO-NE
Europe — Great Britain, Germany, Poland, Italy, and Spain, with more European markets on the way
Australia — the NEM
Describing your asset
Enter your asset name and location, then select the technologies at your site.
Depending on your region, you can model standalone, co-located, or tri-located configurations with wind, solar, and BESS.
Click Create forecast to open the modelling canvas and configure your asset:
Wind
Rated power — The wind asset’s capacity.
Custom wind profile — The generation profile for your project.
Solar
Solar Peak Power — DC-rated capacity in MW before losses, which the model applies separately.
Tilt — The panel tilt in degrees.
Azimuth — The direction the panels face. Use 0° for due north and 180° for due south.
Solar Export Mode — Set how solar generation is exported.
Optional settings — Use Add property to configure Solar Profile and Solar Degradation.
Solar Profile — Add a custom profile, or use the profile generated by Modo Energy.
Solar Degradation — Turn on Solar Degradation and set your annual degradation rate.
BESS
Rated power and duration — The battery’s power rating in MW and discharge duration in hours.
Capacity — Review the energy capacity displayed in MWh.
Max. daily cycles — The maximum number of cycles the battery can perform each day.
Use Add property to configure Efficiency and Battery degradation.
Efficiency — Set the round-trip efficiency of your battery as a percentage.
Battery degradation — Add a custom or standard degradation curve.
Grid connection
Confirm the site’s location and complete the connection settings shown for your region and configuration. These can include the node, maximum import, and maximum export in MW, etc.
Click Save details after configuring each component.
Layering in contracts
You can add revenue contracts to reflect your project’s commercial arrangements. Options include:
Contracts for Difference (CfDs) and Power Purchase Agreements (PPAs), including fixed-price, floor, and cap-and-floor structures.
Fixed payments, certificates, and tax credits that add to wholesale revenues.
Tolling agreements, cap contracts, capacity swaps, revenue collars, and revenue swaps.
Region-specific contracts are also available depending on the region selected for your forecast. See the forecast documentation for details of the contracts available in each region.
Choosing your scenario settings
Click Run model and select the scenarios you want to include.
World Views — Select the market outlook for your forecast. Central is available in every region, alongside high, low, and other region-specific world views.
Revenue strategy — Choose Merchant/energy only to model energy revenues alone, or Merchant and ancillary services to include ancillary services in the revenue stack.
Each selected scenario creates a separate forecast run, allowing you to compare your asset’s performance under different market assumptions.
Running the forecast
Give your forecast a name and click Run Model. Our models get to work in the cloud, building a forecast around your exact asset — you can track progress in the sidebar. When it's ready, a bankable, asset-specific forecast is waiting in your library.
Accessing your forecast
Once processed, your forecast appears in the Revenues section under Forecasts. You can also download the full results as a CSV.