Powel AS services

How you plan to distribute your scarce energy resources over seasons and years may have direct impact on your company’s economic growth and revenues. A hydropower-based system is directly affected by seasonal and yearly variations. Available resources and prices in the markets are heavily dependent on weather conditions and how other participants manage their resources. A cold winter may bring high prices, but if the winter is dry, the impact may result in even higher prices in the spring. A dry summer may bring high prices in the ancillary services markets, whereas a sudden shift to rainy weather sends the prices down. These shifting conditions and uncertainties require sophisticated decision support.

You want to place your energy resources in the market with the best pay-off. This is a challenge when comparing weekly markets to daily markets. The Week Ahead Operations package is all about knowing how much capacity you have available for the reserve markets. With this package you are able to run ensemble prognosis to forecast the inflow sample space. Furthermore, you have the possibility to run multiple calculations based on every scenario to get a prognosis for expected optimal production. This, together with expected prices and availability of your production capacity gives you an indication on how much reserve capacity you may offer and at which price. The calculated volumes with respective prices are displayed in a bid form. You simply send the bids electronically to the market operator who returns the current sending status. The Week Ahead Operations package combines planning, optimisation and bidding in one seamless process.

With Day Ahead Operation we mean operating in the markets which close the day ahead, for example spot and reserve markets. Bidding and delivering in the spot market is the most common activity and generates the most income. The planning and bidding in this market prepares the production for the following day and your participation in the reserve markets. All these markets are linked together: Bidding in the reserve markets depends on how you plan to fulfil your spot contract which again depends on the spot bid. The spot bid depends on available production capacity, expected inflow, expected prices and your own production costs. All this information may change continuously right up to the market closing time.

During daily operation, one thing is certain: Things never go as planned. Events will happen in your production system, your resource situation or in the market. The Intraday Operations package continuously monitors the expected future for you. By continuously giving you the latest data relevant for your operation and background simulations based on this information, we can tell you what to expect in order to act optimally before it happens. We notify you when the consequences of expected events are in such a degree that you need to take action, both related to the market and your production system.