FUTUREMATH Ltd
The New Zealand Electricity Market is very prickly.
Prices can spike to many times their average value, and stay there for weeks.
This type of volatility is far more difficult to deal with than most financial markets, yet it is common for our major electricity players to estimate their risk using methods that struggle to work even on much more placid markets.
Fractal Electricity Model is a tool for properly characterising the volatility of the market. It draws on the latest scientific advances in modelling unruly data to produce much more realistic simulations.
It is essential for understanding how this market behaves.