MeteoGroup cooperates with EEX by providing temperature data for the Transparency Platform
MeteoGroup, Europe’s largest private weather company, is partnering with the European Energy Exchange (EEX) to provide temperature data for selected regions on the EEX transparency platform. As of today, MeteoGroup will deliver data for more than 15 European locations, such as Berlin, Brussels, Budapest and Zurich.
The EEX Transparency Platform will now be expanded to include weather data. With this addition, EEX takes account of the fact that weather conditions have an overwhelming influence on energy volumes and prices. For this reason, MeteoGroup provides market participants with temperature data – actual measurements and forecasts – on the transparency website free of charge.
“For 30 years, energy companies have relied on our competence as a supplier of precise weather information and this cooperation with EEX now brings us even closer to the market”, explains Matthias Kittler, Business Unit Director Energy at MeteoGroup. He adds: “Users of the transparency platform will benefit from current temperature data as well as a temperature forecast for the next day with hourly resolution.”
“We are very pleased, that MeteoGroup’s meteorological know-how will round off the information offered on the transparency platform”, comments Dr. Tobias Paulun, Chief Strategy Officer of EEX, on the cooperation.