How AI can advance energy trading | en:former

Computer scientists have long explored an area which has come to draw widespread attention. Artificial intelligence (AI) ushered in a new digitisation phase in 2022, thanks to chat bots the likes of ChatGPT. Ever since, software capable of making its own decisions while evolving autonomously has reached the limelight in an increasing number of sectors. These types of programs also have potential in the energy business. Computer programs have been making decisions for almost ten years at RWE Supply & Trading. The subsidiary of energy company RWE specialises in energy trading, for which it has been using algorithms to support its operations in certain areas since 2014. These algorithms can evaluate huge amounts of data in real time and make automatic trades on energy markets – faster and more reliably than any human being. Electricity trading breaks down into several market segments. In forward trading, electricity is traded months or years ahead. In day-ahead trading, it is traded for t

Computer scientists have long explored an area which has come to draw widespread attention. Artificial intelligence (AI) ushered in a new digitisation phase in 2022, thanks to chat bots the likes of ChatGPT. Ever since, software capable of making its own decisions while evolving autonomously has reached the limelight in an increasing number of sectors. These types of programs also have potential in the energy business. Computer programs have been making decisions for almost ten years at RWE Supply & Trading. The subsidiary of energy company RWE specialises in energy trading, for which it has b