Portfolio Optimization improves a portfolio’s operation by modeling 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 modeling 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).
- Unit commitment and economic dispatch
- Portfolio risk management and hedge analysis
- Fuel management and consumption forecasting
- Decision support for physical trading
- Simulation scenarios
- Post analysis
- ISO/TSO bidding support