DataGenic Ltd, the leading global provider of on-premise and in-cloud Smart Commodity Data Management solutions and Fast Weather Benchmark are pleased to announce their new partnership that offers ‘Fast’ delivery of quality GWDD forecasts, derived from government weather data, over the DataGenic platform.
Fast Weather Benchmark produces real-time delivery of analytics that instantly convert key government forecasts into meaningful Gas Weighted Degree Day (GWDD) values. Using DataGenic advanced technologies, customers can observe the instantly calculated GWDD formula with updated, regional baseline temperatures in an easy-to-read Excel based dashboard view. The timely delivery of this data is unmatched in the industry.
The GWDD formula is a benchmark developed by industry professionals and released by Scudder Publishing Group (via Energy Metro Desk). The GWDD formula provides increased accuracy with full transparency of the city weightings used to create the GWDD formula. The combination of Fast Weather Benchmark data and DataGenic’s technology gives customers the ability to capture, store and distribute to their internal systems and users for evaluation, analysis and risk assessment. In addition to the desktop presentation, the data can also be collected via an advanced real-time API.
Eric Fishhaut, DataGenic President of the Americas said “Viewing market moving information with the fastest delivery available has the potential to provide advantages for any trading business in the U.S. natural gas and power markets. Combining Fast Weather Benchmark content with DataGenic’s innovative technology is a powerful solution for customers.”