Optimize Your Trading
From power to profit
Increase profits from participation on trading markets
Energy Trading Support
Energy Optima 3 focuses on the needs of traders working with the current market demands under a constantly rising time pressure.
The Energy Optima 3 Trading Module covers all types of trading markets and is mainly focused on trading of electricity, but can also be used for trading of other forms of energy.
Confirmed optimization results or data stays in the system and is taken into consideration in following optimizations if required.
The progress of renewable energies with higher capacities of wind and photovoltaic energy have led to very intensive changes on the electricity market.
Electricity prices show strong fluctuations, which requires good electricity price forecasts, and the electricity balance in electricity grids become unstable due to the uncertainty in influx of the wind and solar radiation. This has led to that the need for services for reserve power has increased.
Together with an automation partner, Energy Opticon also offers Multi-Market Optimization.
Energy Optima 3 contains standard solutions for trading markets and with special modelling for individual scenarios, all types of trading markets are optimized (also in 15 min resolution):
- Long-term volumes
- Spot Day-Ahead market
- Block-bids
- Spot Intraday market
- Reserve Power
- Ancillary Service Markets (FCR-D, FCR-N, aFRR, mFRR etc.)
- Internal and external suppliers and demands
- Multi-Market Optimization (together with partner for automation and advanced process control)
- All kind of energy types
Economic total optimization of production and trading
Functionality
The increasing, possible incomes from optimal participation on different trading markets should decide on how to run the plants within their technical possibilities.
The production plans in Energy Optima 3 takes the economically important components, dependencies and availabilities in the energy system and the optimal trading market participation into consideration.
Using the trading module in Energy Optima 3, traders have the possibility to receive and confirm the results from the production planners in a fast and convenient way. The system is adapted for trading in 15 min resolution.
Together with partners, we also provide automatic participation on trading markets and so called multi-market optimization.
Price Forecasts
Energy Optima 3 includes electricity prices forecasts for the day-ahead spot market with prices for each hour of the next few days in the total optimization. This forecast is then the basis for day-ahead electricity trading on the power exchange.
Ancillary Service Markets
Energy Optima 3 handles all types of reserve power, e.g. FCR-D, aFRR, mFRR etc., that are traded in the markets for ancillary services:
- Primary
- Secondary
- Tertiary
This includes the handling of specific national rules for the lengths of bids for balance power, down to 15 min resolution.
Total Optimization
In optimizations that include participation on trading markets, all the ingoing economic components of the total energy system are optimized:
- Own electricity production
- Deliveries on contracts and the demand for district heating, steam and other energy types
- Sales and purchases of various market products in the electricity market, such as day-ahead, block-bids, intraday and ancillary service markets
Block-bids
Using block bids can often be beneficial when an energy company acts on the electricity spot market.
The optimized trading block bids in Energy Optima 3 can lead to:
- A more stable electricity trading adapted to cogeneration and industrial plants.
- Increased incomes and decreased costs from electricity trading.
- Secure trading at times with big price fluctuation and unsure price forecasts.
Multi-Market Optimization (MMO)
Multi-Market Optimization is a joint concept for how we deliver optimizations to multiple markets at the same time.
Having efficient and comprehensive tools for Multi Market Optimization has become a necessity for many energy companies. Energy producers with different types of electricity producing units have a good opportunity to participate in, and act fast on, these markets. At the same time, the diversity of future markets and production structures increases complexity.
Energy Opticon and Valmet Automation have developed a joint, unique portfolio to handle Multi Market Optimization in a good and secure way.
Advantages with Multi-Market Optimization:
- Make more money out of more markets
- Safely extend operational limits instead of investing in new assets
- Balance production and trading precisely to meet demand
- Efficient use of assets to improve profitability and cut emissions
Energy Optima 3, combined with Valmet Automation’s tools for automation and advanced process control, can help energy companies and industries with decision support and the planning and execution of different types of trading market products.
MMO for a more profitable trading
With MMO we optimize operations for multiple markets, all at the same time. Examples:
- Electricity markets (Spot/Intraday)
- Ancillary markets (aFRR/mFRR/FCR etc.)
- Gas markets
Holistic solution:
- Optimization + Planning
- Market Access + Trading
The most commonly trading markets modelled are:
- Spot Day-ahead
- Block-bids
- Spot Intraday
- Ancillary Service Markets
Using Energy Optima 3’s trading module, traders have the possibility to receive and confirm the results from the production planners in a fast and convenient way.
By combining the Energy Optima 3 trading market optimizations with Valmet’s solutions for automatic trading and advanced process control, you are able to faster access more markets and get bigger gains from your trading.
How it works
The multi market optimization helps you to balance production and the demand in different markets more precisely to ensure that you can meet demand.
After optimization, the plant generates precisely the required amount of energy, exactly when needed.
What is needed for this is:
- Demand forecasts
- Electricity price forecasts
- Electricity offers, such as Intraday, Day-ahead etc.
- Regulating power offers and activations.
In order to be active on any market you need three parts.
- One part is the market itself of course,
- The next part is some sort of optimizitaion/planning tool that helps you create a plan for the market.
- Finally you need a middle man, a market facilitator that can take your plan, convert it and place the plan as bids or offers on the market.
Flexible, automated operation - better use of existing assets
With modelling and economic optimization of trading markets in combination with using advanced process control and automation, you can safely extend operational limits and response on power market needs on time. Optimizing existing assets in a flexible way, rather than buying new, can deliver a very fast return on investment for multi market optimization and advanced process control.
After optimization, the plant generates precisely the required amount of energy, exactly when needed.
It’s important to identify ways in which your automation system can control the process in situations that require flexibility. This might include:
- Bypassing or operating heat exchangers/valves in various ways, or automatically controlling electricity producing units to participate on trading markets.
- Remote operation and advanced process control. When near-future conditions in the electricity market are known, the process can be adjusted in advance to a state where it can be operated optimally in the upcoming situation. This may involve for example, charging or discharging storages.
Conclusion
With multi market optimization, you can both optimize your trading market products and get access to trading partners and TSO:s for a more automated and profitable process. These solutions helps energy companies and industries to increase the incomes from trading and reduce CO₂ emissions.
MMO can be summarised with the following:
- MMO enables increased and diversified revenue
- Different markets will be available for different customers
- Energy Opticon delivers optimization
- Valmet delivers access to selected markets
Discover Efficient Energy Solutions
Unlock the potential of your energy systems with Energy Opticon AB. Our advanced solutions empower you to optimize energy consumption, reduce costs, and enhance sustainability. Take the first step towards a more efficient future by exploring how our technology can transform your operations.