Energy Portfolio Optimization
Portfolio Optimization improves a portfolio’s operation by modelling detailed unit operating constraints and market conditions to provide a generation schedule for energy and ancillary services, fuel nominations, support the evaluation and pricing of potential short-term transactions, and facilitate the analysis and simulation of deterministic scenarios. It provides comprehensive modelling and excellent optimization capabilities, which enable generating companies to schedule resources, meet a wide range of operating and business constraints, minimize operating costs, and/or maximize profitability.
Portfolio Optimization globally optimizes thermal units, combined cycle units, combined heat and power stations, independent and pump storage hydro units, cascaded hydro systems, and renewables in a single solution. The solution also optimizes a combined portfolio of supply resources (traditional generation) and demand response/ distributed generation assets modeled as Virtual Power Plants (VPPs).
Key Portfolio Optimization Features
- Fuel management and consumption forecasting
- Decision support for physical trading
- Simulation scenarios
- Post analysis
- ISO/TSO bidding support