Post: Triads Announced: GridBeyond’s was correct in its forecasts

Triads Announced: GridBeyond’s was correct in its forecasts

The Triad results are in, and we are proud to announce that for another year in a row, GridBeyond correctly forecasted all three triads.

Our AI-powered platform, Point, enabled us to analyse a high volume of data in real-time and develop reliable predictions. We have monitored weather changes, generation patterns, and the impact of Covid-19 on energy demand. The automated control system helped our clients to save thousands of pounds on their energy bills by decreasing their energy consumption during Triad peaks.

The dates 2020/2021:

• Monday, 07/12/2020; 17:00-17:30
• Thursday, 07/01/2021; 17:30-18:00
• Wednesday, 10/02/2021; 18:00-18:30

Key facts:

• All three demand peaks this year were higher than the highest peak last year.
• Cold weather and low winds were the key driving factor for the increase in demand during Triad periods at the beginning of January and February.
• It was only the third time in the past 20 years that a Triad period has fallen between 6pm-6:30pm
• GridBeyond issued warnings for 26.5 hours in total, whilst many other providers would typically suggest their clients lower the consumption for approx. 35-40 hours

Winter 2021/2022 will be the last season during which energy users with half-hourly meters on their sites will be able to avoid Triads by lowering their consumption at peak demand times. From April 2022, Triads will be replaced by a fixed-charge-per-day-per-site system.

Read more about Triads and the upcoming reform:

Important Update: Changes to Triads Postponed Until April 2022

The Targeted Charging Review – What Does it Mean for Triads?