Market Analytics
Market Analytics and Market Analytics LMP
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 Module
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.
Market Analytics Nodal LMP Module
The Market Analytics Nodal LMP Analysis module is the leading industry Full Network analysis model. It is the only solution that provides both the AC and DC Optimal Power Flow (OPF) with Security Constrained Unit Commitment (SCUC) and Security Constrained Economic Dispatch (SCED), without the need to resort to static power distribution factors to approximate power flow.
Market Analytics Nodal LMP utilizes the PROSYM power system unit commitment and economic dispatch simulation engine and PowerWorld Simulator for optimal power flow analysis with or without security constraints, and transmission evaluation (economic and reliability). Market Analytics Nodal LMP provides an integrated SCUC and SCED through an iterative feedback loop between PROSYM unit commitment and dispatch engine and PowerWorld's Simulator OPF engine.
Both AC and DC OPF analysis can be performed with the resulting ability to estimate the resultant locational marginal prices and the associated congestion in the transmission network. Ventyx has integrated these powerful software solutions to create a comprehensive zonal to nodal analysis capability with extensive generation and transmission modeling. Nodal markets have raised the bar for analysts by coupling generation and transmission planning disciplines and by vastly increasing the amount of data that needs to be managed.
