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In a survey carried out by Energy Risk magazine, 65% of respondents said their budget for software procurement will increase. The most common reason for seeking out new software cited by respondents to the Energy Risk survey was dissatisfaction with existing Energy Trade and Risk Management (ETRM) systems.
ADICA is a worldwide provider of cutting-edge analysis software that enables our clients to succeed in evolving energy markets. We are aggressive in our efforts to implement advanced software technologies, which give energy traders a competitive edge in developing portfolio strategies.
ADICA leveraged innovative electricity market analysis research conducted at Argonne National Laboratory in developing the Electricity Market Complex Adaptive System (EMCAS) software. The advanced analytics in EMCAS are used to more accurately model and better understand the behavior of electricity market participants. EMCAS is a revolutionary technology for support of energy trade and bid strategy development with the following distinguishing features:
- Agent-based modeling approach represents power markets with multiple and diverse participants, each with its own unique set of risk preferences, objectives, and bid strategies for energy trade;
- Capability to simulate markets using either a uniform or discriminatory auction format for energy trade;
- Chronological simulation of hourly market prices over short or long time periods;
- Hourly bid-based market clearing, scheduling and dispatch in day-ahead and real-time markets for energy trade;
- Representation of different bidding strategies (i.e., company bids for energy trade are a result of EMCAS, rather than an exogenous input);
- Complex adaptive systems approach empowers market agents to learn from past experience and adapt their behavior when future opportunities arise; and
- Calculation of cost, revenues, and profits for participants in the market.
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