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In a survey carried out by Energy Risk magazine, 65% of respondents said their budget for software procurement will increase. The most common reason for seeking out new software cited by respondents to the Energy Risk survey was dissatisfaction with existing Energy Trading and Risk Management (ETRM) systems.
ADICA Consulting is a worldwide provider of cutting-edge analysis software that enables our clients to succeed in evolving energy markets. We are aggressive in our efforts to implement advanced software technologies and consult on how ETRM analytics can be used by energy traders to obtain a competitive edge in developing portfolio strategies.
ADICA leveraged innovative electricity market analysis research conducted at Argonne National Laboratory in developing the Electricity Market Complex Adaptive System (EMCAS) software. The advanced ETRM analytics in EMCAS are used to more accurately model and better understand the behavior of electricity market participants.
EMCAS is a revolutionary ETRM technology that provides advanced analytics for energy traders and has the following distinguishing features:
· Chronological simulation of hourly market prices over short or long time periods;
· Hourly bid-based market clearing, scheduling and dispatch in day-ahead and real-time markets;
· Representation of different bidding strategies (i.e., company bids are a result of EMCAS, rather than an exogenous input);
· Agent-based modeling approach represents power markets with multiple and diverse participants, each with its own unique set of risk preferences, objectives, and bidding strategies;
· Complex adaptive systems approach empowers market agents to learn from past experience and adapt their behavior when future opportunities arise.
When positioning a portfolio of assets for a company, EMCAS strives to maximize company profitability while considering a number of strategic issues, including what market(s) to bid the units or unit blocks into, and at what price to offer the blocks.
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