EnWorkz releases Stochastic Unit Commitment product

Austin, Texas (December 11, 2001) - EnWorkz Inc, a vendor of advanced software products for the energy industry, has just released the first version of the EnWorkz Stochastic Unit Commitment Solution. The state-of-the-art product allows energy companies to optimally schedule generation assets under uncertainty, in both regulated and deregulated markets -- a notoriously difficult computing problem. The product can reduce fuel costs and increase profits from the sale of electricity. It is also a powerful tool for estimating the value of generation assets.
”The EnWorkz Unit Commitment Solution provides new, state-of-the-art capabilities for optimizing the utilization of electric power generators, particularly when demand and prices are uncertain, or when high-precision analysis is needed”, said Jim Christian, Chief Technology Officer, EnWorkz Inc. The solution is targeted at plant and system operators, traders and investors who need to maximize generator profits, minimize system operating costs, formulate bidding strategies, determine generation asset values, or forecast electricity prices.

The EnWorkz Stochastic Unit Commitment Solution is one of the most sophisticated optimization platforms currently available in the electric power industry. The core of the system is a proprietary technology for stochastic dynamic programming, which is used to calculate a profit-maximizing generator schedule given an uncertain forecast of energy and ancillary services prices. In effect, the product is capable of modeling the decision process of an operator as prices or loads fluctuate.

For more information about EnWorkz, visit the website www.enworkz.com.