Welcome!

News Feed Item

New Release of AURORAxmp® Electric Market Model Offers Power Market Forecasters Major New Enhancements for Unit Commit and Dispatch Analysis

EPIS, Inc., a leading software developer of modeling and forecasting tools for electric markets, has announced the release of AURORAxmp® v11.3. AURORAxmp is the industry’s most comprehensive solution for power market resource/price forecasting, valuation, and analysis.

“AURORAxmp Version 11.3 offers several major enhancements to increase confidence in commitment and dispatching of units, LMP forecasting, and portfolio cost reporting,” said John Scott, Chief Operating Officer at EPIS, Inc. AURORAxmp v11.3 provides a powerful new option to use a mixed-integer programming (MIP) optimization engine to solve unit commitment. When running large regions with multiple pools or systems, threading is used to simultaneously solve included pools and dramatically reduce run time. “This is ideal for applications like fuel budgeting, production costing, or when precise hourly unit commitment and dispatch patterns are needed for individual units,” said Scott.

For nodal simulations, v11.3 users can now make use of generator shadow prices to inform the hourly commitment decisions with either economic (self) or reliability (pool) based commitment methods. The linear program which finds the optimal nodal solution each hour returns shadow prices for each generator, revealing the impact of running that generator on the total system cost. “It provides many benefits of a security-constrained unit commitment (SCUC) without the corresponding penalty in run-time,” said Scott.

With v11.3, AURORAxmp now supports either MOSEK or Gurobi optimization engines. This gives users more choices in managing the trade-offs between speed and cost. For optimization-intensive runs, like the MIP-based commitment optimization, Gurobi, which is available as an option, shows a significant run-time advantage.

Some of the many other v11.3 enhancements announced by EPIS, include: Enhanced LT capacity expansion logic for more control in capacity price formation; a “load only” option for clear reporting of the cost associated with serving native load only in portfolios; a new enhancement to the uplift calculator that calculates the smallest uplift necessary to make all unit commitments whole; enhancements to calculate and report the marginal cost of losses across all branches in the system; and a more intuitive user interface that provides clearer organization for setting up a run.

About EPIS, Inc.

Headquartered in Sandpoint, Idaho with offices in West Linn, Oregon, Stuart, Florida, and Salt Lake City, Utah, EPIS, Inc. is the developer of the AURORAxmp® Electric Market Model, the industry’s most trusted software package for reliable electric-market price forecasting, resource valuation and market-risk analysis. AURORAxmp is a power market simulation tool designed to forecast power prices over both the short-and long-term. At the core of the product, is an extremely fast, hourly-dispatch engine that simulates the dispatch of power plants in a chronological, multi-zone, transmission-constrained system. The software includes an input database provided by EPIS that can also be easily supplemented with the user’s own data, or external data sources. First introduced in 1997, AURORAxmp is now the modeling tool of choice for power marketers, resource planners, regulatory agencies, financial analysts and energy consultants throughout the North America, Europe, Middle East and Asia. Visit www.epis.com.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...