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Powel AS
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  3. Powel AS
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  5. Day Ahead Operations

Day Ahead Operations

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With Day Ahead Operation we mean operating in the markets which close the day ahead, for example spot and reserve markets. Bidding and delivering in the spot market is the most common activity and generates the most income. The planning and bidding in this market prepares the production for the following day and your participation in the reserve markets. All these markets are linked together: Bidding in the reserve markets depends on how you plan to fulfil your spot contract which again depends on the spot bid. The spot bid depends on available production capacity, expected inflow, expected prices and your own production costs. All this information may change continuously right up to the market closing time.
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All these markets are linked together: Bidding in the reserve markets depends on how you plan to fulfil your spot contract which again depends on the spot bid. The spot bid depends on available production capacity, expected inflow, expected prices and your own production costs. All this information may change continuously right up to the market closing time.

The Day Ahead Operations package secures a consistent process from data collection, forecasting and bidding to settlement. We offer state of the art forecasting and optimisation tools. With price and inflow forecasts as inputs, we optimise your bids to the spot market. Based on the contract you receive, you optimise the production and fulfil the contract in an optimal manner. At the same time the system provides a calculated suggestion for how to bid in the reserve markets. All communication with the market operators is done electronically in a fully integrated, seamless work process.

THE DAY AHEAD PACKAGE INCLUDES:     

  • Calculate historical inflow and current resource storage
  • Make what-if scenario analysis of future production
  • Forecast inflow
  • Register and model availability and restrictions
  • Send bids electronically*
  • Receive contracts electronically*
  • Make settlement of market deliveries
  • Calculate optimal bids for the tertiary reserve market
  • Forecast optimal production scenarios for week ahead operations
  • Calculate optimal bids for the primary reserve market
  • Forecast demand
  • Optimise the production to fulfil the contracts
  • Electronic communication with SCADA-system
  • Calculate and send data for ancillary services
  • Calculate optimal bids for the spot market