Why forecasters join Teamcast

In power markets, everyone talks about “the forecast” as if there were just one. In reality, there are dozens of views floating around: gut feel, fundamental models, vendor feeds, house curves, desk tweaks, AI-models, statistical models, technical analysis, etc., etc., etc…. With all these different perspectives, it is hard and time-consuming to compare, score, and select the forecasts and other time-series data to ingest in trading algos.

Teamcast exists to change that. It is a collaborative forecasting platform that takes individual forecasts from different forecasters and models, tracks their performance, and builds an ensemble that shows the consensus of and the uncertainty in the market.

Clearly, for traders, a gauge of the consensus spreads and the uncertainty in the market is relevant, but we’ll get to that in our next blog post… But for forecasters: why should you want to be part of Teamcast?

It’s simple: To attract new customers by proving that you are the most accurate forecaster in the market…!

Teamcast’s transparent comparison and broad crowd-sourced ensemble attracts the attention of the sharpest traders in the European short-term power trading business. And like trading, short-term forecasting has (or at least should have!) transparently compared performance levels.

Teamcast enable you to showcase to the market that, when compared transparently to your peers, your forecasts are the most accurate.

Teamcast facilitates traders signing up for your forecasts, both through on-platform links and through off-platform introductions. Don’t miss out on additional business!