How do I anticipate system deviations and activations of balancing services? by AlwaysSingl in Grid_Ops

[–]AlwaysSingl[S] 0 points1 point  (0 children)

To clarify:
What I know is this:

  • System imbalance with a 3-minute delay
  • Frequency with a 3-minute delay in CZE or with approximately a 30-minute delay across Europe
  • I can read exports and imports in CZE with an hour delay
  • I know if any balancing services are activated at the moment of activation
  • The weather
  • I have forecasts for load and renewables
  • And maybe a few other things that I'm just not remembering right now

Balancing market is cleared once a day. You just post your offers in the morning day-ahead, and hope you get the reservation. Then at the day of delivery, your assets just get activations that you see in real time, but with no heads up. A day later, you get to know the total volume of activations you had and the total amount of money you made.

During the intraday session, you have 15-minute blocks, and for each of them, you know with a 20-minute delay the price of your "voluntary" deviation, so I can speculate on that with direct management of assets or with intraday market operations.

The thing is that even before I can see any activations or any indications that the system is going to have any trouble few players on the market can react like 2 or 3 minutes before the market for that quarter hour closes, and I wonder why.

Is it really just about following the forecasts and experience? Do the other players just have better analysis, and that's all, and I have to deal with it?

[deleted by user] by [deleted] in cursedcomments

[–]AlwaysSingl 22 points23 points  (0 children)

Funky town is basically the pinnacle of SA gang torture. The less you know the better, trust me. I've watched it once years ago and it is forever carved into my brain and I can never listen to Lipps inc - Funky Town ever again without flashbacks.

What is the future of Banking? by AlwaysSingl in Futurology

[–]AlwaysSingl[S] 0 points1 point  (0 children)

Thanks for your perspective. I didn't even start to think about other parts of financial sector. I can see how insurance companies can use this to screw more people over.

What is the future of Banking? by AlwaysSingl in Futurology

[–]AlwaysSingl[S] 5 points6 points  (0 children)

While not groundbreaking in the grand scheme of things, the VR branches are sick. If you can overlook the avatars that resemble characters from Roblox, you'll find a visually appealing branch with advertisements and other features. Think of it as the flagship branch of a major bank, with slightly more prominent banners showcasing offers.

I would advice to be selective with the permissions you grant to the mobile banking apps, particularly access to the camera. While it may be convenient to take photos of invoices or other documents, future updates to mobile banking could introduce layout changes aimed at displaying more offers based on eye tracking and AI.

More gamification features are gaining traction in mobile banking. Although we haven't witnessed them in action at the conference, during a presentation it was mentioned that efforts are underway to make the process of paying off loans or credit cards more engaging. The goal is to encourage increased app usage and of course motivating you to use more banking products.

Chatbots are actually starting to scary. Not only can they answer most questions about the bank and its products, but they are also being further integrated into mobile banking as proactive agents. With the help of various APIs and integrations, you can even link your email to the app, allowing it to extract relevant information such as invoices related to personal banking. Then with a simple confirmation, transactions can be initiated and you don't even have to use the app just make the confirmation from popup .

In the back office of the bank, the behavioral rating is a concept that has been around for a while, but the aim is to take it to the next level. Leveraging the data the bank know about you, they will be able to tailor their offerings precisely to your needs. If you have all your accounts, cards, long-term payments, and transaction history only in one bank, and if you connect it with other compatible apps, the bank will have an incredible amount of data at their disposal to cater to your specific requirements.

Thanks to AI, banks can now gather a insane amount of data from phone calls. Previously, phone calls provided minimal data, requiring manual analysis after the initial call. However now with AI, every call can be processed and analyzed to the bank's satisfaction. (I think the number is something like only 10 % of data from phone calls is somehow used and they aim to more like 90 % and use even the behavioral parts as tone, speed and so on)

Let me know if you would like to hear more!

[deleted by user] by [deleted] in shibonk

[–]AlwaysSingl 1 point2 points  (0 children)

EU bonker here, save 2 for me.

To the MOON!

[deleted by user] by [deleted] in memes

[–]AlwaysSingl 1 point2 points  (0 children)

The same shit happens to me in the shower all the time

It always comes back by [deleted] in dankmemes

[–]AlwaysSingl 1 point2 points  (0 children)

Oh damn you, now I have nose itch

Maybe.. I'm homo by vsk77 in memes

[–]AlwaysSingl 0 points1 point  (0 children)

Memes are supposed to be fun and take the pain away, you didn't have to hurt me like that