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 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
Starting a new forecast
There are two ways to create a forecast:
Hover over Forecasts in the sidebar and click the + icon
Go to the forecast library and click Create forecast
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, and Spain, with more European markets on the way
Australia — the NEM
Describing your asset
The forecast form lets you configure things such as :
Asset name — If you enter an operational asset, we'll pull in its parameters automatically (you can still edit them)
Location — The address of the site, existing or planned
Asset size and duration — Rated power (5–300 MW) and duration (up to 8 hours)
Cycling limits — Maximum daily cycles (0–3)
Commercial operation date — When the asset comes online
Optional settings — Round-trip efficiency (default 88%) and degradation
Layering in contracts
You can add the revenue contracts that matter in your market, so the forecast reflects your real project economics:
US — resource adequacy contracts (CAISO), Index Storage Credits (NYISO)
Europe — CfDs, fixed or floor PPAs
Australia — tolls, swaps, caps and floors, and PPAs
Choosing your scenario settings
At the top of the form, select:
Revenue strategy — Merchant/energy focus (default) or Ancillary focus
Worldview — Central (default), Low, or High scenario
Running the forecast
Give your forecast a name and click Create forecast. 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:
Forecasts section in the sidebar
Data library — For download
You can also download the full results as a CSV.