Aurora’s impressive speed and variety of statistical outputs enable both executives and analysts to accurately complete power market risk analysis.

Use Aurora to examine uncertainties around demand, fuel prices, transmission constraints, hydro conditions and other variables. With these large amounts of risk run information available you will gain insights from detailed power market risk analysis.

  • Capture effects of market volatility
  • Enable analysis on a full set of statistical results
  • Produce a stratified distribution of results in fewer runs
  • Enable any number of output variables to be selected
  • Easily integrate with other models or analytical tools
  • Gain full view of options and alternatives
  • Perform multiple analyses quickly

Aurora performs many operations within a risk scenario, including:

  • Evaluate the effect of volatile market conditions
  • Test hedging strategies
  • Understand volume and price uncertainty
  • Perform sensitivity analyses
  • Develop bidding strategies

Features include:

  • Normal, log-normal, uniform and binomial distributions
  • Internal Monte Carlo and Latin Hypercube simulations
  • Positive and negative correlation of variables
  • Flexible selection of assumptions, drivers and stochastic variables
  • Histogram results
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