PLEXOS FOR POWER SYSTEMS

Optimisation-based Dispatch and Simulation Software

Please click here for a PLEXOS brochure.

Elan is proud to represent PLEXOS for Power Systems in Europe/Russia, and pleased to provide its clients with the opportunity of licensing this leading power market modelling tool.

PLEXOS is used by utilities, regulators, transmission system operators, consultancies and financial investors world-wide for the following purposes:

• Simulation or replication of liquid short-term market
• Price projection, scenario development, strategic planning
• Portfolio optimisation
• Asset valuation
• Dispatch decisions
  

Why use PLEXOS?

PLEXOS provides unparalelled modelling productivity. PLEXOS is a PC-based Windows software tool, built on the Microsoft .NET framework.  With a powerful, object-oriented database design, PLEXOS includes a multi-threaded, multi-processor architecture and is fully compatible with Microsoft Office.

• State-of-the-art power market simulation software
• Based on proved optimisation technology
• Fully captures the complexity of electricity markets
• Easy to use, PC Windows based application
• Product is constantly being enhanced and improved
• Superb support from a dynamic international expert team
• Relied upon by majors users worldwide
  

Rich market analytics feature set

The PLEXOS feature set includes:

Production cost and emission modeling

• Detailed heat rate curves representation
• Multi-fuel plants and take-or pay contract representations

Transmission modeling

• Includes Optimal Power Flow model and loss modelling
• Allows true multi-market (multi-nodal) modelling and locational marginal pricing

Unit commitment

• Option of fully optimized unit commitment, or self commitment via generator offers
• MIP solver

Pricing models

• Locational marginal pricing (LMP)
• Regional pricing
• Uniform pricing

Hydro modelling

• Flexible hydro modelling, from optimized energy constrained units to fully detailed river chains

Stochastic modelling

• All model input can be transformed into distributions to run Monte-carlo simulations

Ancillary services co-optimization

• Regulation, fast response and non-spin reserves can be modelled.
• Reserves are co-optimized with energy

Competition modelling

• Dynamic generator bidding
• Several models of perfect and imperfect competition are available
• Nash-Cournot game, shadow pricing (Bertrand game), dynamic cost recovery, and dynamic bid-cost markup (based on Residual Supply Index)

For further information

Please click here for a PLEXOS brochure.

Please do not hesitate to contact us to discuss your model software, implementation or training requirements.