💹Mitsubishi Electric news release Development of power trading bid formulation support technology
Mitsubishi Electric Corporation has developed a technology to support decision making at the time of bidding to the Japan Wholesale Electric Power Exchange (hereinafter referred to as the Japan Wholesale Power Exchange) by a power generation company and a retail electricity company.
It is possible to decide the operation of power generation facilities and the bidding to the electricity market taking into consideration the fluctuation of the market price of electricity. By doing so, we will contribute to the improvement and stabilization of the profits of the power producers and retail electricity companies.
Development features
Optimize the power portfolio by modeling uncertain elements
- Optimize the power portfolio (power generation facility operation and allocation plan of market transactions) by modeling uncertain factors such as electricity market price
- Contribute to improving profitability and stabilizing even under uncertain conditions Calculate and evaluate profit distribution for electricity portfolio at high speed
- Create a multiple regression model * 1 by applying multiple representative scenarios with different power demand and market price to the power portfolio
- By applying multiple regression models to all scenarios, it is possible to calculate the revenue distribution quickly and make it visible
- Understand earnings fluctuation including imbalance fee before bidding and support bidding decision on electricity market
http://www.mitsubishielectric.co.jp/news/2018/0125.html?cid=rss