Version 12.3 introduces significant enhancementsLas Vegas, Nevada – April 25, 2017 (GLOBE NEWSWIRE) -- EPIS (www.epis.com), the market leader in power market simulation, forecasting and analysis, announced the release of version 12.3 of its AURORAxmp software at the Platts Global Power Markets™ Conference. The latest version boasts a number of enhancements to storage logic, ancillary services, long-term logic, improved RPS modeling and nodal capabilities.
AURORAxmp 12.3 further solidifies its position as the most valuable power market forecasting and analysis software on the market today. It is fast, easy to use, and transparent. Upgrades in the new version include:
- Enhanced Storage Logic—improved ability to model the intricacies of renewable and storage integration, electric vehicles, and other technologies.
- Ancillary Services Enhancements—significant enhancements, including sub-hourly dispatch and use in nodal studies, and improved MW reporting for simultaneous contributions to multiple products.
- Improved RPS Modeling—offers new option to identify resources not eligible to set capacity prices-- especially useful when modeling RPS policies where renewable resources must be built but cannot participate in capacity markets. Also, RPS constraints can now be input as a percentage of demand or MWh value, giving more flexibility to specifying RPS targets over time.
- Long-Term (LT) Capacity Expansion Logic Enhancements—now have the option to change dispatch-hour sampling dynamically—accelerating studies, but still providing detail on final production run.
- New LT Constraint Types—including capacity and energy max limits, which provide more flexibility for build decisions to targets in LT studies.
- New LT Reporting Option—new build report output table making it helpful to quickly see which constraints were binding (min, max by technology/fuel/area).
- Nodal SCUC—version 12.3 also includes an exciting new option to run a full security constrained unit commitment (SCUC). The mixed-integer program that performs the commitment decisions, now accounts for nodal constraints, including branch, corridor, and contingency constraints. The new SCUC ability is in addition to a new, proprietary solving method that significantly speeds nodal analysis.
AURORAxmp v.12.3 is further enhanced by the proven and calibrated databases that either come with the license or as an add-on, including: U.S.-Canada, Europe or Mexico. The calibrated datasets simplify meaningful forecasting. All AURORAxmp databases include a base-case 25-year power price forecast and generator capacity expansion and retirement plan. The sources and procedures used to update the data are thoroughly documented. Updates to the databases are provided under the annual AURORAxmp license.
For the past 20 years, AURORAxmp has had a reputation for being best-in-class, with unmatched support. Version 12.3 further establishes its position as the leader in power market forecasting and analysis.
EPIS, LLC (www.epis.com) is the developer of AURORAxmp, the leading-edge software for forecasting wholesale power market prices. The company also provides ready-to-use data for the United States-Canada, Europe, and Mexico. The company delivers unrivaled customer support to its growing body of customers worldwide and, on average, adds a new enhancement to AURORAxmp, based on customer feedback and/or market changes, every week. A variety of organizations-including utilities (large and small), independent power producers (IPPs), developers, traders, energy consultants, regulatory agencies and universities-use AURORAxmp to model power system dispatch and the formation of both nodal and zonal wholesale power prices, and to perform a wide range of associated analytics over the short- and long-term.
AURORAxmp is a comprehensive solution to power market modeling needs. Offices are located in Salt Lake City, UT, Tigard, OR and Sandpoint, ID.
Database will provide power market simulation, forecasting and analysis for Mexico and bordersSALT LAKE CITY, Oct. 26, 2016 (GLOBE NEWSWIRE) -- EPIS, the market leader in power market simulation, forecasting and analysis, has released the Mexico Wholesale Market (Mercado Energetico Mexicano - MEM) database. The database will be offered as an upgrade or add-in to its industry-leading AURORAxmp software.
Users of the AURORAxmp software, which is known for delivering unparalleled forecasting and analytical productivity, ease of use and support, will now have access to high quality MEM data, pulled from trusted sources. The AURORAxmp MEM database will be regularly updated to reflect the most recent PRODESEN assumptions from SENER and other key sources including: CENACE data, and analyst experience with CFE and other IPPs in Mexico.
“Recent and ongoing energy market reforms in Mexico, coupled with growth expectations, are creating significant investment opportunities in electric power generation and transmission infrastructure. The most recent PRODESEN (2016-2030) report estimates approximately $90B (USD) in generation investment opportunities and $25B (USD) in transmission and distribution investment opportunities,” said Ben Thompson, CEO of EPIS. “Our MEM database allows users of AURORAxmp to forecast and do market simulations, taking into account this important market.”
It is critical that data sources represent the current state of the National Electricity System and its expected evolution over the next 15 or 20 years. These sources need to be updated regularly, scrubbed to fill in gaps and reflect operational realties, and are tested and calibrated in models so it is trustworthy and commercially reliable. The MEM database offers this needed level of quality.
The AURORAxmp MEM database is formatted, tested, and immediately ready to use for high-quality valuations, market analysis (including energy and capacity), as well as congestion and risk analysis of Mexican power markets. It offers cross-border analysis with boundary zones, including Belize, Guatemala, ERCOT (TX), WECC (AZ) and WECC (CAISO).
The AURORAxmp MEM Database includes primary Mexican power grids, including:
- Sistema Interconectado Nacional (SIN)
- Baja California (BCA)
- Baja California Sur (BCS)
The systems are fully represented by 53 zones that align with PRODESEN and include “proxies” for transmission with boundary zones like Belize, Guatemala, ERCOT (TX), WECC (AZ) and WECC (CAISO).
Our product contains the best available data, refined to represent the current system’s operational realities and market including:
- Gas constraints
- Hydro conditions
- Policy initiatives, including clean energy goals
- Well-documented sources
- Generation: Approximately 800 operational generators, with another 150 in advanced development (construction or LT auction winners), including supporting hourly wind and solar profiles for each zone
- Fuel prices, including Mexico natural gas hubs Mexico diesel prices (driven to an extent by U.S. imports), Houston Ship Channel, Henry Hub, South Texas, Waha, SoCal Border and distillate/residual fuel oil (FO2/FO6) and diesel from U.S. EIA, adjusted for Mexican transport costs
- Transmission: inter-zonal transfer limits (links) and underlying physical lines, with resistance values, from which loss assumptions can be derived
As with any AURORAxmp database, users can expect the highest level of software integration, model control and easy data exchange. Users can easily import and overlay their own assumptions and other data sources for more powerful, customized insights.
The conference will be held at the Atlanta Evergreen Marriott Conference Resort, September 14-16, 2016SALT LAKE CITY, July 27, 2016 (GLOBE NEWSWIRE) -- The 2016 Electric Market Forecasting Conference (EMFC), a leading gathering of industry strategists and executives, will feature in-depth discussions on the driving forces of today’s energy markets. The 19th annual conference, organized by EPIS, LLC, will bring together a stellar lineup of speakers as well as senior executives in the industry. EMFC will be held at the Atlanta Evergreen Marriott Conference Resort in Atlanta, Georgia, September 14-16, 2016.
EMFC features an optional one-day pre-conference training for both new and advanced power market modelers, as well as an AURORAxmp user-group meeting. Both clients and non-clients are welcome to attend. The two day meeting will include presentations and case studies from industry experts, as well as special events and networking opportunities. Speakers include: Larry Kellerman, managing partner of Twenty First Century Utilities, Morris Greenberg, managing director of gas and power modeling at PIRA Energy Group and Jeff Burleson, VP of system planning at Southern Company. A full list of speakers is available at http://epis.com/events/2016-emfc/speakers.html.
“Over the past 19 years, the Electric Market Forecasting Conference has become established as a valuable, strategic gathering for clients and non-clients alike,” said Ben Thompson, CEO of EPIS. “It is an event where executives and peers in the industry gather to share market intelligence and discuss the future of the industry.”
EMFC has developed a reputation for being an event that delivers real, actionable intelligence, not just abstract concepts. The organizers focus on an agenda filled with speakers who can share experience and takeaways that can be used to have a positive impact on attendees’ organizations. The conference’s intimate environment allows participants to create lasting relationships with peers and luminaries alike.
Now in its 19th year, EMFC is an essential conference for power industry professionals to come together to share best practices and market intelligence. The one-day pre-conference allows AURORAxmp users to learn techniques to master the program and maximize ROI. More information can be found at: http://epis.com/events/2016-emfc/index.html.