Energy Planning & Analytics Software
Your total solution for fundamental market modeling, transmission and generation analysis, and forecast of prices for energy, ancillary services, and capacity markets
Market Analytics Module
The Market Analytics module is a powerful application that allows users to forecast electric wholesale energy prices by simulating the operation of individual generation units, utilities, and control areas within a particular region while taking into account various system and operational constraints. This analytical platform provides the flexibility to forecast discrete (deterministic) and stochastic spot market prices for the different wholesale pricing markets currently in place and in development across the world to assess the other aspects in the energy markets.
Market Analytics - Zonal Analysis is powered by PROSYM -- the industry's leading chronological simulation engine that is used by over 130 customers worldwide for over two decades.
The PROSYM simulation engine optimizes unit commitment and economic dispatch to meet the load for an interconnected electric system, considering the reserve requirements and other aspects of the electric system. PROSYM uses Lagrangian relaxation coupled with an exhaustive search for marginal units. Market Analytics includes multi-area unit commitment functionality and supports cost or bid based dispatch as well as ancillary services price forecasting simultaneously optimized with energy. The highly flexible user interface enables users to determine the granularity of the market to be analyzed – from 10 minute to four hourly time steps - from single control areas to entire continents.
