IEC has an in-house suite of proprietary software and modelling tools that have been developed by personnel with hands-on experience in the power industry, specifically to meet the particular requirements of IPP companies.
Our modelling capabilities include:
IECs flagship product is our power market & Pool simulation model which is designed to replicate the detailed operation of power generation systems in both regulated and deregulated Pool markets.
The simulation model dispatches all existing and future plants into the load on an hourly basis (8760 times per year). Hydro plants are dispatched optimally according to their weekly energy budgets and constraints. Thermal plants are then dispatched into the net thermal load, according to their position in the merit order (after adjustment for maintenance, transmission loss factors, must-run & minimum generation constraints). Where necessary, adjustments are made for Pool market behaviour and/or take-or-pay constraints.
The model is designed to make long-term (20+ years) projections of systems, companies and individual projects and can test multiple scenarios of load growth, expansion plan, hydrology, fuel price, Pool market behaviour, fuel price, Pool market behaviour, etc.
Typical outputs include:
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IEC maintains comprehensive databases and has already built working simulation models for most Asia/Pacific grids including:
IEC has developed an analytical screening tool designed to analyse New Entrant options. The model determines the optimum long-term economic option for a new power plant at a specified capacity factor. Users can input technical specifications, fuel costs and capex estimates for various plant types and compare the levelised tariff at a specified capacity factor. This tool is particularly useful for investors participating in IPP solicitations where plant/fuel type is optional. In deregulated Pool markets, the New Entrant curves can be compared with the projected annual price distribution curve, to determine the optimum capacity factor. The model also allows fuel suppliers to calculate the maximum netback fuel price available in a deregulated Pool market.
IEC has developed a proprietary Online Tariff Calculator (OTC) that is available free of charge on this website. The OTC is designed as a screening tool to provide estimates of levelised tariffs. It is intended to be used to make approximate estimates and to test the relative sensitivity of key variables. Users seeking more detailed calculations are advised to contact us for a full financial model.
IEC can provide assistance in the preparation or review of detailed
financial cash flow models for greenfield developments and acquisitions.
Models are customised to the project financing requirements and provide
multi-year cash flow and earnings statements. These models can then
be linked to IECs market projections to determine the sensitivity
of IRR to various scenarios.
International Energy Consultants
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