TradeWpower = DIANA
The weather moves power and gas prices. DIANA shows you how.
Weather-driven analysis for European power and gas traders and analysts. DIANA turns weather, hydrology and market data into one daily view, with a report for every question your desk asks.
Built on fifteen years of research by a PhD meteorologist, read with 24 years of trading experience, and updated twice a day.
What DIANA stands for
Digital
Weather from 1990 onward, ECMWF forecasts, hydrology, fuels and power prices, brought together in one system.
Intelligent
Finds the past years that match today’s atmosphere (Select) and the ones that point the other way (NoGo).
Artificial
Runs automatically twice a day with each ECMWF forecast, and updates prices again when day-ahead spot prices arrive.
Numerical
A weekly view per market from W+0 to W+5, and a seasonal and hydrological outlook 6 to 9 months ahead, in numbers.
Advisor
A daily discussion partner: DIANA and our analysts working as an extra member of your team.
15yr
Research behind DIANA
12
Client reports
6–9mo
Seasonal and hydro outlook
2×
Updates a day
The New Normal
The climate has changed. Old weather normals mislead.
We analysed the weather back to the 1980s. Those decades no longer describe today’s climate, and our research shows why. So DIANA measures normal weather, extremes and risk against the climate from 1990 onward: the climate your market actually trades in.
Normals that move
What a normal week looks like today, not thirty years ago, for temperature, precipitation, wind and solar.
Extremes that matter
How often cold spells, heat and calm, dark Dunkelflaute weeks occur in today’s climate.
Down to the zone
The same view for every Nordic price area, NO1–NO5 and SE1–SE4.
Built for the desk
One tool for the analyst and the trader.
DIANA does the analyst’s groundwork every morning and gives the trader a clear view of the weeks ahead, in the same numbers and the same language.
For analysts
The groundwork, done every morning
→ Weather, hydrology, renewables, fuels and prices in one place
→ Analogue years with what actually happened in each
→ The price stack: what is driving the spot price
→ Scenarios with their assumptions stated, and Ask DIANA
→ Every time series through the API, into your own models
For traders
A clear view of the weeks ahead
→ Weekly direction per market from W+0 to W+5, and a seasonal outlook months ahead
→ Futures next to DIANA’s price estimates and ranges
→ Gas winter risk and US weather risk for gas and LNG
→ News risk from wars, sanctions and supply, every day
→ A daily discussion partner on the market
Twelve reports
A report for every question your desk asks.
From the weather to the price, every part of the chain has its own report in the app, updated every day.
The New Normal
What is normal in today’s climate?
Climate normals from 1990 and extremes such as calm, dark Dunkelflaute weeks, also per Nordic zone.
Weather Forecast & Maps
Where is the weather going?
Weekly deviations and confidence per market from W+0 to W+5, with maps and ensemble guidance.
Select & NoGo
What happened in years like this one?
The past years that match today, partly match or point the other way, their outcomes by market, and the seasonal outlook they give, compared with the seasonal models.
Snow Index & Winter
What does the snow say about the winter?
Classical Snow and DIANA Snow, the autumn snow advance, stratospheric warming and analogue winters, for a winter outlook up to six months ahead.
HydFu: Hydro & Fundamentals
Where is the water going?
Nordic and European reservoirs, inflow, hydro balance and gas storage, with a hydrological outlook 6 to 9 months ahead.
Gas winter risk
Is there enough gas for the winter?
EU and German gas storage in days of winter demand under cold and calm, normal, and mild, wet and windy weather.
Spot Analysis: the Price Stack
What is driving the spot price?
Spot and spreads against weather, residual load, gas- and coal-plant costs, hydro and flows.
Futures
How do the contracts compare?
Power futures beside DIANA’s price estimates and ranges, gas pass-through and TTF stress cases.
US Weather Risk
What can US weather do to gas?
Hurricane, summer heat and winter cold risk for Henry Hub, US LNG exports and TTF.
Watch & Price
What is the news risk today?
News per market on wars, sanctions, oil, gas and LNG, and attributed bank and agency price forecasts.
Research
What has changed in the market?
The growth of wind and solar and how it shifts the weather–price relationship, and long-run weather patterns.
Webcast & Ask DIANA
How do I read it?
Ivan’s video walk-throughs of every report, and a chat that answers your questions from the published reports.
Presented by Ivan
Every report, walked through by the analyst who built it.
You do not just get a dashboard and a manual. Dr. Ivan Føre Svegaarden, meteorologist, analyst and trader, presents the reports as webinars and walks your team through the analysis. It saves your desk time and makes the chain from weather to price easy to follow.
Webinars on every report
See how it is built
Ivan presents each report: how it is built, what it shows and how to use it. Recordings stay in the app for new team members.
Your discussion partner
An analyst who also trades
From two licences, up to 10 hours a month with Ivan and our analysts on the market, DIANA’s analysis and energy topics. Market discussion, not advice on your positions.
Time saved
Understand it faster
Instead of piecing the picture together yourself, your team gets it explained, and can ask why.
DIANA API
DIANA’s numbers in your own models.
With DIANA 2 and 3, the time series behind the reports flow straight into your models, dashboards and trading systems. Your analysts and quants work with DIANA’s numbers directly, not with screenshots. The API is being rolled out to DIANA 2 and 3 clients now.
Weather and renewables
→ Consumption-weighted temperature
→ Hydro precipitation, wind and solar production
→ Weekly deviations from today’s normal
Analogue years and snow
→ Select, Neutral and NoGo years
→ Classical Snow and DIANA Snow
→ For the weeks and the season ahead
Gas and prices
→ Gas and futures price risk
→ Gas storage under three weather paths
→ Daily series
With DIANA 3, your own sources, such as Volue, LSEG Refinitiv, MetDesk or your own production data, appear inside DIANA beside our data, seen only by you.
Three versions
Start with the reports. Add the API. Add your own data.
Each version includes everything in the one before it. The price is per user and falls for each extra user.
DIANA 1 · Entry
Every report, every day
→ Full access to all DIANA reports and data
→ Webinars where Ivan walks through every report
→ A daily discussion partner, from two licences
DIANA 2 · With API
DIANA in your own models
→ Everything in DIANA 1
→ DIANA’s time series through an API, into your models and systems
DIANA 3 · With API and your own data
Your data inside DIANA
→ Everything in DIANA 2
→ Your own data, price sources or analysis beside DIANA’s, seen only by you
Behind DIANA
A meteorologist who trades, and a trader who runs his own analysis.
Fifteen years of weather and market research, read by people who have traded these markets.
CEO · Chief analyst
Dr. Ivan Føre Svegaarden
→ PhD in meteorology, University of Oslo; 15 years of power-market research
→ Hydro production planner and energy meteorologist at E-CO Energi, 2011–16
→ Built DIANA; has traded Nordic and German power since 2016
Head of portfolio management and risk
Jan Erik Pedersen
→ 24 years of power, gas, emissions and oil trading
→ MSc in finance, NHH; trader at Statkraft, then his own power fund, Alfakraft
→ His own technical and fundamental analysis on every desk he has run
Next step
See it on your own markets.
A 30-minute briefing: what DIANA shows for your markets over the coming weeks, on live screens.
Phone
Email
TradeWpower AS · Lillehammer, Norway · Since 2016 · Org.nr. 919 948 000
DIANA provides general analysis of weather and energy markets. It is not investment advice or a personal recommendation, and TradeWpower does not advise on clients’ own positions. Forecasts are uncertain and markets can move against any view.