Enwex is a set of parametric weather indices published by RM Energy Weather . The indices convert meteorological data into standardized, price-relevant formats used to settle weather derivatives based on wind, solar, and temperature over a geographic region—such as a country or an energy ISO (e.g. PJM, ERCOT). Enwex-based derivatives help market participants hedge volume risk in gas and power markets (energy demand, renewable generation). Some of these derivatives are traded bilaterally over-the-counter (OTC) and others on liquid exchanges.
Salient forecasts Enwex indices at hourly temporal resolution up to one year ahead and has integrated these forecasts into the API and dashboard, so downstream users can consume them for valuation, risk, and trading workflows. The forecasts are probabilistic.
An Enwex region is a market or geographic area with its own location weights and parametric index formulas defined by EnergyWeather.
The variables are wind, solar (PV), and temperature; in some European regions a combined wind_total (onshore + offshore) is also available.
A region index is the combination of a region and a variable—for example PJM_pv or nl_os_wind. This is the level at which Salient publishes and you consume the forecasts.
In the "Forecast" tab, select "Enwex Indices" to show a table of all geographic regions you are licensed for. The table will show daily average index values for the next 35 days.
all will show all licensed regions and temp+solar+wind index values. If you are only interested in the solar, wind, or temperature indices you can select these individually. Color highlighting is available in the solar and wind views because they use consistent units.