DT@Energy is an integrated decision support system for power generators, traders and system operators that is based on Stochastic Optimization. The planning time frame ranges from annual to short term horizons of up to several days or weeks. Decisions on long and short term generation schedules, spot market and bilateral trading such as forward and option contracts for physical delivery and financial settlement are optimized.
The decisions determined by DT@Energy are well hedged against future developments of uncertain impacts but also maintain desirable future profit opportunities. The multistage stochastic approach allows for an adequate modeling of the real decision process, which always implies future rebalancing decisions of today’s decision, according to the realization of the uncertain future.
The integrative Stochastic Optimization of gas and power production/procurement, emissions allowance management and physical and financial exchange and OTC trading yields additional profit potentials of considerable scope.
Core modules of DT@Energy are:
- DT@Hydro-Thermal:
Stochastic Hydro-Thermal Scheduling (long and short term) - DT@Forward
Stochastic Forward Trading (long and short term) - DT@Bid-And-Offer
Stochastic day-ahead and within day spot market trading
Stochastic bid and offer pricing for spot markets - DT@Emmissions
Stochastic Emissions Trading - DT@Portfolio
Stochastic procurement portfolio management
All DT@Energy modules can be combined in terms of mathematical model formulation as well as software technical implementation and can be fully matched to utilities' individual requirements.