AER to Provide Russian Energy Sector with Winter Seasonal Forecasts
LEXINGTON, Mass.--(BUSINESS WIRE)--AER Inc., leading experts in seasonal forecasting, today announced that they have entered into an agreement with Joint Stock Company “Agency for forecasting of electric energy balance” (JSC “AFEB”), to provide the Russian energy sector with AER’s sCast winter forecast. The forecast will include average minimum temperatures under extreme weather conditions for 83 administrative centers within the Russian Federation. JSC “AFEB” is a specialized agency established in August 2005 by the national holding company – JSC (RAO UESR of Russia). It provides forecasting services for the newly privatized electric power industry in Russia.
AER’s highly regarded statistical approach to long range weather forecasting has been used operationally by the energy and financial markets in the U.S. and Europe since 1999. Today reports are issued for the U.S., Western Europe and the Far East. The addition of the Russian Federation will expand forecast coverage over the entire Northern Hemisphere. AER forecasts include monthly minimum temperatures, and energy sensitive parameters such as, heating degree days and population-weighted heating degree days.
“We are interested in providing our customers in the Energy Sector with the best forecast and your company was recommended to us as one of the leading commercial vendors specializing in global weather prediction,” stated Mr. Igor Kozhukhovsky, General Director of JSC “AFEB”. “We believe we found the right company to collaborate with on this formidable project.”
“AER’s sCast forecasts are unmatched in the industry,” said Cecilia Sze, AER’s President and CEO. “Clients use our suite of seasonal weather forecasts to make highly profitable planning decisions during the summer and winter months when energy usage is at its peak.”
About AER: Atmospheric and Environmental Research, Inc. (www.aer.com), established in 1977, is a Nobel Prize winning environmental research, development and consulting company. AER provides quantitative probabilistic medium range, seasonal and hurricane forecasts and consultation to support trading and planning decisions in the energy and financial markets.
About JSC “AFEB”: Joint Stock Company “Agency for forecasting of electric energy balance” (www.e-apbe.ru), established in 2005, is a principal Russian company to provide energy forecasts.
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