Database will provide power market simulation, forecasting and analysis for Mexico and borders
Salt Lake City, Utah – October 26, 2016
EPIS, the market leader in power market simulation, forecasting and analysis, has released the Mexico Wholesale Market (Mercado Eléctrico Mayorista – 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), coal 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.
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 North America and Europe, and unrivaled customer support to its growing body of customers worldwide. 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.