Offering Unbiased Advice
Through Infunde’s modelling suite, we can apply the most applicable power market modelling approach for each of our client’s requests. While other consultants may apply a ‘single one-size-fits-all’ model design, we believe that this may not lead to meaningful results. As a result, we employ a variety of market models in developing our power market assessments, depending on our clients’ requirements.
is Infunde’s proprietary long-term dispatch and economic capacity expansion model. Our fundamental load duration curve (LDC) model applies long-term supply and demand forecasts in order to project long-term power prices, evaluate long-term dispatch, project new capacity additions, and evaluate long-term capacity premiums. Strategic employs a robust commercially-available mixed integer linear program engine which allows us to incorporate constraints that occur in the markets we serve, including:
- Fuel switching optionality
- Regulatory changes
- Hedging and contracting constraints
- Pumped storage and hydroelectric optimization
- Intermittent wind and solar generation
- Transmission and security constraints
Strategic is a powerful engine that enables us to quickly analyse multiple scenarios, allowing us to help clients’ evaluate long-term integrated resource plans, master plan developments, and take a long term view on a projects competitiveness and how this is impacted by changes in regulation, new entrants and macroeconomic factors.
is Infunde’s proprietary stochastic chronological model that projects dispatch on an hourly basis taking into account real life operational considerations and modelling such as renewable profiles, plant outages and transmission constraints. Chronos employs a robust commercially-available mixed integer linear program engine which allows us to robustly model zonal prices incorporating meaningful constraints. Chronos has been developed, tested, refined, and utilized to project power prices, dispatch, and underpin asset valuations across numerous merchant power markets.
We believe that in order to fully understand the nuances of a particular market, especially for those that are currently in transition like the majority of markets in Asia, it is necessary to look into the short to medium term in a higher level of detail than that provided by an LDC model.
By accounting for stochastic events, Chronos allows us to more accurately model many of the events that coincide to create system stress and lead to the volatile power price behaviour that can be observed in the power markets we serve. These events are becoming increasingly important to the value of a project. Further with the increase in renewable penetration in emerging markets, we firmly believe power price projections and dispatch should incorporate modelling of hourly intermittent generation. As a result, we believe clients’ should demand a deeper more robust assessment incorporating stochastic hourly dispatch.