Learn how Tyba's latest updates enable detailed, scalable project simulations and building auto-bidder capabilities in operations

Release highlights

We had a busy few months of product development in H2 of 2023, and are excited to share several updates across the Tyba product.

These updates allow users to do the following:

• Develop trading and dispatch strategies using Tyba’s short-term price forecasts.
• Further automate analysis by running simulations based on project design templates.
• Compare non-perfect foresight strategies in backtesting and forward curve simulations.
• Simulate additional or new AS products in project simulations (such as ECRS, Non-Spin, etc.)
• Integrate Tyba’s models into a broader modeling workflow with revamped API and updated documentation.

As always, we value your feedback on what features are most helpful for your team. Our near-term focus will be on a range of features aimed at expanding the scope and sophistication of project modeling simulations available on our platform.

Forecasting API

Context: Tyba enables the end-to-end modeling chain required to bid and dispatch wholesale energy storage projects (sometimes called auto-bidding). As part of that, we generate short-term point and quantile-based forecasts for each wholesale product and nodal location.

Standalone forecasting service: To better enable the development of new trading and dispatch strategies, Tyba has released an API service to pull Tyba’s price forecasts. Documentation for this API endpoint can be found here. Key features of this service includes:

• Access to the most recent or historical vintages of price forecasts.
• Ability to review median-point forecasts or distributions of price forecasts.
• Comparison of actual prices and review performance statistics.

Be sure to check out our recent blog post discussing price forecasting accuracy