From their regional HQs in the US, Europe, North and South America as well as Asia, Energy Exemplar develops and supports PLEXOS, the market leading integrated energy simulation software. Along with electric power, water & gas datasets, users can digitally replicate real-world energy markets to deliver crucial forecasting. From short-term analysis to long-term planning studies, PLEXOS helps to inform trading, generation scheduling, capacity expansion and market analysis across industry sectors. Our solutions help 400+ customers, comprising a large share of the world’s top energy market stakeholders, across 68 countries analyse scenarios for the most accurate outcomes while supporting their organisational and digital transformation.
PLEXOS optimally times and positions investments of all renewable technology types. It guides trading decisions through price forecasting and highlights risks associated with things such as congestion analysis.
All over the world governments and regulators are putting in place measures to transition from the fossil fuel-based power systems of the 20th Century, to a new, greener grid. The time frames and the mechanisms to get there differ from region to region but the challenges are the same:
- What is the right technology mix to support an increasingly intermittent power supply?
- How will subsidies, regulatory changes and market reform help to stimulate investment while supporting a core generation fleet needed to provide the security of supply?
In order to answer these questions, one needs to consider in parallel both the physical attributes of the generation and transmission assets, as well as the complexities of energy economics.
PLEXOS allows for a representation of every generating unit and transmission line in a given market and schedules the assets to meet system load at least cost based upon detailed technical operating characteristics and the economics that drive those decisions.
As well as representing the existing power system, PLEXOS allows the user to provide optionality to build new units along with retiring, refurbishing or retrofitting the existing fleet. In addition to the operating costs of these new assets, PLEXOS also considers all project costs associated with any capital investment decisions.
Energy Exemplar are sponsoring the Africa Investment Exchange: Power & Renewables 2021 meeting.