|By Business Wire||
|September 9, 2013 02:00 AM EDT||
Genscape, the company that deployed its first patented electricity monitor in France on November 20, 2004, now tracks 74% of the entire electric power market in France. For the second time in three months, Genscape is proactively preparing to use its sophisticated energy monitoring network to measure the impact of the French electrical workers union strike in real-time.
This strike follows a similar strike on June 13th which had no impact to very little impact on the supply of power to the market.
In anticipation of the strike, Genscape is announcing that it will provide periodic updates on production cuts, power outages and any other significant events across the French power sector. “This second strike has the same potential to impact power prices and import/export flows to neighboring countries,” said Tedann Olsen, managing director of Genscape’s European region. “Our network will capture the true impact of the electrical workers strike and we’ll provide periodic updates as a public service after our clients have been properly informed.”
Genscape monitors 100% of nuclear power in France, as well as 79% of coal-fired power plants and 41% of gas-fired power plants. Similar extensive monitoring is deployed all across Europe.
Genscape is the only organization – public or private – to capture real-time electric power data on a country-specific basis and across the European community. Traditional consumers of these data are energy market traders, producers, regulatory agencies and other market participants.
To track the impact of the French electrical workers strike, please visit: www.genscape.com/blog
Genscape is the leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate & timely data on capacities, flow and utilization for all major energy commodities. With thousands of sophisticated energy monitors strategically deployed all over the world, Genscape is unique in its ability to measure and collect energy market fundamentals. These “measured actuals” are then transmitted to clients in real-time or near real-time. Genscape clients often gain first-mover advantage and increased market transparency to better optimize their positions. For more information, please visit: www.genscape.com