EnCompass has the most complete set of functions for modeling complex environmental programs, such as the Clean Power Plan and overlapping renewable portfolio standards.
Emission Allowances & Renewable Energy
Resources can be part of any number of programs, which may be annual or seasonal mass-based emission allowance programs, rate-based emission programs with subcategories and generation-shifting incentives for natural gas combined cycle units, or generation-based renewable energy credits. Rate-based emission programs may also include designated renewable and energy efficiency resources, which will produce emission rate credits that can be sold to fossil fuel generators.
Price forecasts for these allowances and credits may be directly input into EnCompass, or annual program limits can be enforced which will also produce allowance or credit prices. Each program has the option to include a bank, which allows for over-compliance in early years to offset tighter limits in later years. A penalty price for exceeding annual limits acts as a reliability safety valve, so that allowances or credits can be borrowed from future years under extreme conditions.
By combining the program limits with capital project optimization, EnCompass determines the best combination of new unit additions, retrofits, and retirements to meet a complex array of environmental regulations.
Contact Us for a Custom Demonstration