Enabling a balanced grid with efficient pricing
Without a greater visibility into demand, proper forecasting tools, knowing when demand will peak or how high it will go, it is almost impossible to manage congestion on the grid. Space-Time Market Composite delivers intuitive, visual analysis enabling pricing that promotes efficiency of the electricity market.
Features:
- Wholesale and distribution price analytics by market forces
- Integrated view of multiple markets – forward and real-time
- Locational Marginal Pricing (LMP) Visual Analysis: Intuitively, visually identify congestion hot spots and price points that are most efficient
- Geospatial Demand Forecasting: Visualize demand forecasts, to make real-time grid response a reality and help better manage congestion
Benefits:
- Greater transparency of congestion hotspots and congestion costs
- Ability to avert grid congestion during peak demand by identifying more optimal price points
- Facilitated ability for generators to identify opportunities to sell excess power at a competitive price for day-ahead market transactions
- Ease in visually locating generation and transmission schedules submitted either day ahead or real time
- Minimized need for traditional peak capacity measures, which are not only expensive but also generate additional greenhouse gases