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If you are using
software that was written more than 5 years ago,
you have reason to be concerned. Perhaps it originated
from university or public projects. If so, or even
if not, patches have been applied over the years,
just to keep up with the changes in the power industry
markets. EnWorkz PowerUpTM was developed from the
ground up to address current market conditions,
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and it is
the power industry’s leading example of applying
modern software architecture in portfolio optimization
and risk management. It combines multiple asset types,
including financial analysis models, and physical assets
models into a unified software framework. Many have
claimed the same, but few have the technology to back
it up. The purpose of our PowerUp framework is to “power
up” Electricity Market applications for operations,
risk analytics and portfolio management. Multiple man-years
of effort were invested into developing an architecture
that would provide flexibility and customizable application
modules, and allow rapid deployment of those modules
in customer locations. Furthermore, it’s ease
of use sets a new standard for solutions serving the
energy industry. Whether you are employing the architecture
to deploy the EnWorkz PowerUp Suite of application modules,
or to “empower” your own internally developed
applications, you will find the architecture flexible,
scalable and compliant to your needs.
EnWorkz
PowerUp™
The EnWorkz PowerUp software framework contains GUI’s,
I/O, Data Manipulation, etc. to allow user access to
facilities to perform tasks and to generate reports
for the results of user analysis. Additionally, it contains
important Asset and Pricing configuration engines that
drive the underlying analytics in solution applications.
PowerUp provides a modern, easy to use, object-oriented
container for all other applications.
• Unit Commitment/ Dispatch
Engine - tracks the PHYSICAL aspects of the
assets in question.
• Price Analysis Engine
- Tracks the FINANCIAL aspects of the assets in question.
• Monte Carlo simulation
Engine - allows for Stochastic modeling of
potential scenarios over a defined
time horizon and within defined price and volatility
constraints.
• Optimization Engines
- Allow for optimal selections of asset manipulation
against defined constraints.
The specific application modules have
applicability for anything from day-ahead to thirty
years-ahead analyses.
Day- Ahead- to Week-Ahead
PlantWorkz™ for Dispatching/ Unit Commitment
RiskWorkz for go/no-go and spot market decisions
Week- Ahead- to Year-ahead
(PlantWorkz calculations are part of the solution)
RiskWorkz™ for deal structuring.
ValueWorkz for cash-flow analysis
PortfolioWorkz™ for portfolio optimization
HedgeWorkz for volumetric risk hedging considerations
Year-ahead to thirty
year-ahead
ValueWorkz for valuation, operations planning and capital
adequacy studies
EnWorkz
PlantWorkz™
PlantWorkz is an implementation of the unit commitment/-dispatching
algorithm for use in specific operations dispatching
and unit commitment activities. Additionally, it offers
options of dispatching units in cost minimization (regulated),
or profit maximization (unregulated) mode. A Lagrangian
Relaxation method is implemented when dispatching in
cost minimization mode. Real world operational constraints
are considered such as ramp times, cooling times, and
heat curves.
EnWorkz
RiskWorkz™
RiskWorkz is a non-traditional rendering of traditional
risk analytics. It is the basics of risk analysis. It
reflects calculations that the risk professional is
accustomed to dealing with, only reflected in a whole
new environment. RiskWorkz allows for quick real-time,
in-depth analysis of the full impact of financial and
operational issues on any portfolio. A portfolio can
be a mix of physical and financial instruments, and
can be either real or imagined situations. RiskWorkz
is powered by a Monte Carlo simulation engine that runs
at blazing speeds for robust calculations of the most
complex problems.
EnWorkz
ValueWorkz™
ValueWorkz addresses issues of valuation, and Capital
Adequacy. ValueWorkz offers the first valuation solution
that considers true unit commitment constraints within
a Monte Carlo framework for more accurate analysis of
cash flows from assets, mixed assets portfolios, and
acquisitions. It can be used wither to analyze current
and potential assets, or comparative what-if’s
you might consider. What’s more, the models use
prices that are automatically calibrated to your forward
price and volatility models, and does it all in real
time on a desk-top machine.
EnWorkz
HedgeWorkz™
HedgeWorkz™ takes into consideration such factors
as power pricing, weather anomalies, and economic growth
in evaluating a client’s exposure to volumetric
risk. It is especially valuable in analyzing the necessary
hedging instruments during peak demands.
EnWorkz
PortfolioWorkz™
PortfolioWorkz is a portfolio optimization engine. It
allows the user to enter specifics of the constraints
within which their financial instruments must perform.
Sophisticated optimization routines are then invoked
which search through a defined range of positions to
present the user with the best options, and to show
the resultant trade-offs of those options.
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