Metis 1 Preview

Metis is Parisi Labs' family of world models for physical systems, starting with energy. Metis 1 Preview is its first generation: probabilistic electricity price forecasts that read prices, load, generation and weather and forecast the full range of what power could cost at a location.

This card describes the model. Weights are not distributed; forecasts are served through Ask the Grid, the Forecast API and MCP.

What it produces

Target Real-time electricity price at a settlement point
Output A full probability distribution per interval, with p10, p50 and p90 bands and other published quantiles
Horizon Adapted to the horizon a decision needs, rather than one fixed window
Coverage US power markets, at nodes, zones and trading hubs
Issuance Re-issued as conditions move. Every issuance is kept and scored as issued.

What it reads

Price is the target. Recent real-time prices, published day-ahead prices, load, generation and weather explain what the grid is doing, and every input is lined up to when it was actually available.

How to use it

  • Ask the Grid: the forecast sits beside observed real-time and cleared day-ahead prices on forecast pages, node pages and the map. Free with an account at major trading hubs and load zones; other locations come with a plan. See the ERCOT forecast.

  • Forecast API:

    GET https://askthegrid.com/api/v1/grid/forecasts?iso=ERCOT&targetKind=node&targetId=HB_NORTH
    

    Responses carry the issue time, quantile bands per interval, the settled price once it settles, and the build that produced each point. Open the playground.

  • MCP: give an AI agent the same forecasts as a tool. Connect over MCP.

Intended use

  • Comparing a location's outlook with cleared day-ahead prices
  • Sizing upper-tail spike risk and when the highest-price interval lands
  • Scoring forecast vintages against the prices that settled

Limits

  • Accuracy varies by market and lead time. Evaluate the horizon your decision depends on; scores by market and location are on the forecast accuracy board.
  • It forecasts prices. It is not a power-flow or transmission-network simulation.

About

Built by Parisi Labs. Read the thesis or the guide to reading a probabilistic price forecast. Contact: contact@parisi-labs.com.

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