What's Best!
by Lindo Systems
Forecasting The Energy Market
Forecasting market prices, trade flows and power generation patterns
The energy market has become increasingly complex in recent years, and energy companies need good software tools in order to keep abreast of this dynamic field. Power Ink has developed sophisticated simulation models of Europe's electricity markets. Written in Excel and utilising What's Best!'s optimisation capabilities, these models forecast market prices, trade flows, and generation patterns in 27 individual European countries and on a Europe-wide basis. Using the optimiser, the models examine the market dynamics of this highly complex interconnected system and provide insights into its counter-intuitive nature.
Their models have proven to be an invaluable tool for energy traders, bankers and generators, allowing them to explore market scenarios out to the year 2015. Power station developers and bankers use the models to screen projects in different countries and regions by investigating the value of an additional megawatt of power coming on line. Existing generators can examine the impact of different bidding strategies on their market share and revenue.