The complexity of managing generating assets and market interfaces is rising, especially in light of shifting market regulations, dispersed and renewable energy sources, and changing energy and environmental laws. The extra difficulty that generation management has is striking a balance between risk and cost reduction and plant efficiency and profitability.
Read More: Generation Management Solution
Tools essential for managing vital generating assets
For asset managers with centralized or dispersed facilities, generation management systems (GMS) are essential tools. These systems consist of:
The SCADA features required to synchronize power plant operations in real time
essential features needed to provide and carry out generating schedules
anticipate and control dispersed, intermittent renewable energy sources like solar and wind power.
GMS systems oversee vital tasks such as:
multi-market/multi-area generation dispatch and control
load prediction
prediction, tracking, and distribution of sporadic renewable energy sources
Transaction Scheduling
tracking of performance
tracking the cost curve in real time
load characterization
interfaces for the transmission grid’s market operations.
addressing the demands of the current generation while making future plans
While keeping a close eye on the potential effects of future development, DNV assists generating businesses in identifying and developing more efficient methods of planning and managing assets.
We assist customers in assessing and putting into place a GMS system that satisfies their unique requirements, whether it is on a fast track or normal timeline. We collaborate with customers to identify particular needs in relation to functional demands, like:
preserving history
Interfaces for plant and RTU communication
online safety
payment and resolution.
We also assist clients in determining how the size of a generation management system will be affected by growth.
Recognizing software protocols, vendor alternatives, and market regulations
With an emphasis on the constraints and growth potential of these systems, DNV assists customers in selecting among the most reputable suppliers in the market thanks to our in-depth understanding of the systems that are now available.
We also have a significant role in the establishment and ongoing oversight of market regulations.
This indicates that our generation and market design experts have a great deal of expertise analyzing various software protocols and market regulations to ascertain:
unique SCADA specifications
degree of AGC implementation that the generating business will offer in contrast to ISOs
market interfaces for the upload and download of market data, including bilateral schedules, generating bids, and billing and settlement information.
Resolving the problem of the market interface
One of the most prevalent problems facing today’s trading firms and generation is market interfaces. Typically, ISOs and RTOs have distinct information and communication systems and protocols. When multi-market involvement is needed, this may make the situation more complicated.
DNV has extensive expertise working with the software providers of the interfaces. We have assisted several generating firms in creating connections with various ISOs. Additionally, we have helped a number of marketplaces set up their interface and communications policies and procedures, such as:
PJM
NYISO
ISONE
ERGO
MWISO
NWRTO
Market in Ontario.
Additionally, we have an extensive database that lists all of the software and system providers’ skills and systems, which may be used to these sorts of tasks. Among the factors taken into account in market interface initiatives are:
the capacity to send all necessary data, including auxiliary services, across the connection
expandability of the chosen solution in relation to the quantity of points and marketplaces
upkeep and accessibility of the connection
optimal usage and use of the ISO’s and the generating company’s current systems.