FOR IMMEDIATE RELEASE
PLEXOS Solutions Announces WECC Database
March 1, 2007
Sacramento, California - PLEXOS Solutions has released its comprehensive database of WECC transmission, generation, load, and fuel data. The database works with PLEXOS for Power Systems to forecast zonal and nodal (LMP) energy prices, evaluate transmission economic feasibility, and analyze the value for Congestion-Revenue-Rights (CRRs). The database was developed from many sources including regional reliability council, federal, state, utility, and in-house information and has undergone extensive testing by the company and its customers. The database is available for license by WECC members.
“The PLEXOS WECC Database is unique in that it contains market power information required to correctly implement an advanced dynamic energy-bidding methodology. It also contains ownership information of system elements so that the economics in a transmission feasibility study can be computed automatically” according to Eric Toolson PLEXOS Solutions CEO. “In addition, the PLEXOS WECC Database can be used to forecast ancillary service prices including regulation-up, regulation-down, spin, and non-spin”.
The PLEXOS WECC Database also has the option of modeling a “California equivalent system” where California is modeled in great detail (to the 115 kV level) and the rest of WECC is aggregated to correctly capture the impacts of hydro, fuel, and load uncertainty. This level of analysis is valuable for transaction evaluation and congestion revenue right valuation.
PLEXOS Solutions has recently used its WECC database for a multiple-year forecast of zonal and nodal energy prices as well as ancillary reserves for a WECC utility. PLEXOS Solutions expects to use the PLEXOS WECC Database extensively in its own consulting and studies and to make it available to PLEXOS clients on an annual licensing basis
About PLEXOS for Power Systems: PLEXOS can be deployed as either a desktop solution or embedded in enterprise systems. PLEXOS uses an industrial strength LP/QP/MIP solver to deliver solutions to tough utility problems. PLEXOS is the platform at over 40 organizations globally for solving problems in:
• Operations – unit commitment and transactions, bid optimization
• Planning / Risk – emission and fuel allocations, asset evaluation, and budgeting
• Market Analysis – multiple models of competition, realistic operating reserve enforcement, integrated expansion planning
• Transmission Analysis – large networks with complex constraints, integrated unit
• Commitment and network dispatch, LMP price formation, value of CRR’s or FTR’s
About PLEXOS Solutions LLC: The Company is focused on bringing software solutions to utilities, gencos, consultants, and ISOs. The management and technical team understands this market and knows how to assist customers to deploy the next generation solution.
Contact / More Information: For more information on how to improve your operations, planning, market forecasting, and transmission analysis call Eric Toolson at (916) 722-1484
(e-mail etoolson@plexossolutions.com) or visit www.plexossolutions.com.
PLEXOS Solutions LLC
6929 Sunrise Blvd, Suite #101
Citrus Heights, CA 95610
(916) 722 -1484 phone