Power market modelling and forecast simulation software

PLEXOS® for Power Systems is a proven power market simulation software that uses cutting-edge mathematical programming and stochastic optimisation techniques combined with the latest user-interface and data handling approaches to provide the most comprehensive, easy-to-use robust analytical framework for power market modelling and simulation.

Trusted worldwide to provide the insights and market analysis required by power generation companies, transmission system operators, electricity market operators, energy commission and regulators, energy traders, price forecasting agencies, power plant manufacturers, power plant construction companies, consultants, academics and research institutions, making PLEXOS® the tool and solution of choice for:

Electricity price forecasting

From day ahead clearing prices to long term price forecasts PLEXOS® offers un-paralleled options for price forecasting from a rigorous fundamental market framework.

Capacity expansion planning

Optimal generation and transmission expansion planning over any timeframe. PLEXOS® expansion utility has been built into the comprehensive production model, allowing users to control the desired level of accuracy of their production cost model without the need to create complex external integration loops between decoupled modules.

Generation and transmission asset valuation

The extensive range of detailed operational characteristics allow PLEXOS® to provide the most accurate asset performance valuations in any market situation.

Market analysis and design

Examine the effects of the range of proposed market developments and regulations on generation mix, inter-regional flows, prices and protfits.

Transmission analysis

PLEXOS® is used extensively by TSOs to examine and optimise transmission operation, congestion and ancillary services costs.

Renewable generation integration analysis

Capable of modelling all conventional and renewable generation technologies in detail, PLEXOS® is the leading tool for analysing the effects of renewable generation variability on power market prices, grid operation and congestion, and ancillary services requirements over short and long term planning horizons.

Portfolio optimisation

The powerful optimisation engines underlying PLEXOS® allow users to ensure they achieve the most of their generation assets, contractual terms and limited resources in an uncertain world.

Stochastic optimisation

Ensure decisions are robust to the uncertainty in future inputs including fuel prices, load growth, renewable uptake and generation. Intergrated stochastic optimisation of building decisions, hydrology operating policies, transmission expansion and unit commitment.