Power Plant Dispatch Planning

Our stochastic optimization system for evaluating and planning the deployment of thermal generation portfolios is continuously developed in cooperation with users. Therefore, we understand your challenges and have a targeted and comprehensive solution ready for you:
It integrates the appropriate modeling of future uncertainties with the modeling of all technical, contractual, and market-specific characteristics of thermal power plants, fuel contracts, and energy markets.

Our solution

• Optimization of day-ahead deployment planning
• Joint optimization of your fuel supply contracts, gas storage, coal storage, fuel markets and emission certificate markets.
• Optimization of bid generation for balancing energy markets with turbine-specific reserve optimization for realistically achievable balancing energy obligations. More information under  Balancing Energy Bid Optimization.
• Special focus on short processing times for greater flexibility
• Joint optimization of their upstream fuel logistics

Your advantages with stochastic optimization

The real option value for power plants without fuel limitations and without restrictions on start-up and shutdown can also be determined using Monte Carlo simulation methods. However, for generation capacities subject to such restrictions, scenario tree-based optimization methods must be applied.

• Determining shadow prices for your limited resources with time-integral restrictions, such as power plant starts, fuel take-or-pay quantities, storage limits, etc.
• Long-term futures trading of your portfolio with risk-adjusted CVaR portfolio management.
• Determining your profit distribution, Value-at-Risk and other risk indicators
• Inclusion of power plant outages
• Delta hedging of thermal power plants. For more details, see  Delta Hedging.