SOLUTIONS FOR SUSTAINABILITY IN EVOLVING POWER MARKETS
Everything you need in one robust system
Flexible software for all facets of power planning and forecasting
INTEGRATED RESOURCE PLANNING
Determine how to utilize resources
Balance requirements for reliability and environmental compliance in the most cost-effective manner
Develop a resource plan that considers all potential options including self-build options, purchased power agreements, renewable energy, bulk storage, new transmission projects, energy efficiency programs, and demand response.
EnCompass determines the optimal way to utilize resources, determines technologies that should be added in the future, and selects resources that should be converted or retired.
- Capital projects
- Environmental compliance
- Dynamic renewable and limited storage firm capacity
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VALUATION AND RISK ASSESSMENT
Make optimal power supply decisions
EnCompass employs advanced risk modeling that can be applied to any time series value
Project future operations and cash flow for a single project or portfolio of energy assets using a detailed commitment and dispatch optimization model that captures all operating constraints.
EnCompass produces valuations that are used for project finance, tax assessments, budgeting, rate cases, and developing hedging strategies.
EnCompass employs advanced risk modeling that can be applied to any time series value, including but not limited to commodity prices, interest rates, production costs, demand, and renewable generation.
- Uncertainty and risk
- Sampling
- Reporting
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POWER MARKET FORECASTING
Build powerful simulation models
Produce accurate price forecasts under expected conditions and multiple scenarios
EnCompass, together with the Horizons Energy National Database, can produce accurate price forecasts under expected conditions and multiple future scenarios.
Price forecasts can include detailed energy and ancillary service components for mid-term (1 month to 3 years) trading and budgeting purposes, as well as long-term energy and capacity forecasts 30 years or more to support capital investment decisions.
- Energy and ancillary prices
- Capacity prices
- Horizons National Database
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ECONOMIC TRANSMISSION ANALYSIS (LMP)
EnCompass includes the necessary transmission detail to effectively combine generation and transmission planning, and evaluation of portfolios in nodal markets
EnCompass enables economic transmission analysis by performing a security-constrained unit commitment (SCUC) and economic dispatch (SCED) using a detailed DC powerflow including contingency constraints.
As part of a nodal simulation, EnCompass calculates the locational marginal price (LMP) for each node and hub in the network on an hourly or sub-hourly basis. LMP reports show the statistics for average, on-peak, off-peak, minimum, and maximum LMP, as well as the congestion and marginal loss components from each binding transmission constraint.
- Powerflow analysis tool
- Congestion valuation
- Nodal data models
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HORIZONS ADVISORY LMP
Utilize an hourly nodal price forecast through 2050 for selected nodal points in an Excel spreadsheet format
Locational Marginal Price is the predominant pricing mechanism in North American power markets. ISOs and RTOs can reflect the physical limits of the transmission system to calculate the costs of congestion and losses when transporting power from individual generator stations to load centers.
The Horizons Energy Advisory LMP provides clients with insight of these impacts by delivering nodal price forecasts as a supplement to its Zonal Advisory service.
- Insights
- Applications
- Zones and nodes
- Deliverables
- Methodology
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