Connect with us

Eurostat

European Statistics Awards – Energy challenge winners

SHARE:

Published

1 year ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

Eurostat is proud to announce the winners of the Energy challenge, the second round of nowcasting competition that focused on oil, gas and electricity statistics.

The European Statistics Awards Programme on nowcasting challenges experts to produce faster and more accurate estimates of key indicators by applying innovative methods and incorporating alternative, near real-time data sources. 

The Energy challenge was structured into 3 competitions, each nowcasting a specific economic indicator:

  • Oil deliveries;
  • Gas consumption; 
  • Electricity availability. 

A total of 77 teams comprising 107 participants from 23 countries took part in the challenge.

The participants were competing for two different awards: Accuracy for nowcasting accuracy and Reproducibility for its reproducibility potential.

The Accuracy Award prizes are granted to the top 3 teams whose entries yield point estimates closest to the published statistics indicator.

The winning teams are outcasted_outliers for oil, PM10 for gas and MSME for electricity competition.

Advertisement

The Reproducibility Award prizes are granted to the teams whose entries show great potential to be integrated into the production process of European statistics.

The Reproducibility Award recognises the most thoroughly documented solutions, with the most innovative and open approach. We invite you to explore the winning solutions: 

Winners of the energy statistics nowcasting challenge. Infographic. Graphic showing the winners of the energy statistics nowcasting challenge in 3 categories for accuracy awards and reproducibility awards. 1. Accuracy Award Accuracy Award winners for oil deliveries: 1st place with 3 000 Euro price money goes to the team called outcasted_outliners, the 2nd place with 2 000 Euro goes to YXAnalys and the 3rd place with 1 000 Euro to Ristretto. 2. Accuracy Award winners for gas production: 1st place with 3 000 Euro goes to PM10, 2nd place with 2 000 Euro to WhatTheForcast and the 3rd place with 1 000 Euro to SEER-Group. 3. Accuracy Award winners electricity availability: 1st place with 3 000 Euro goes to MSME, 2nd place with 2 000 Euro to YXAnalys and 3rd place with 1 000 Euro to WhatTheForcast. Reproducibility Award winners: for oil deliveries 1st place with 5 000 Euro goes to Ristretto, for gas production the first with 5 000 Euro goes to PM10, for electricity availability 1st place with 5 000 Euro to WhatTheForcast.

Congratulations to all the winners!

For more information

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending