Modelling Services
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 and other participants in a wholesale electricity market.
Our modelling capabilities include:
Load & Dispatch Simulation
IEC’s flagship product is our power market & Pool simulation model which is designed to replicate the long- and short-term 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 anomalous 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 plans, hydrology, fuel price, Pool market behaviour, fuel price, etc.
Typical outputs include:
New Entrant Analysis
IEC has developed an analytical screening tool that is designed to analyze and screen New Entrant options in an IPP market. The model determines the optimum long-term economic choice for a new power plant at a specified capacity factor.
Users can input technical specifications, fuel costs, capex estimates, etc for various plant types and compare the levelized tariff at a specified capacity factor.
The model also allows fuel suppliers to calculate the maximum netback fuel price available in a deregulated Pool market.
To use this model, please contact us for more information.
Retail Tariff Comparisons & Pricing Solutions
IEC has an extensive and detailed database of published and unpublished retail electricity tariffs from over 50 countries. This database is updated regularly and allows clients to compare their rates with those in other markets in a fair and transparent manner.
Tariffs are reported on the same date and for a range of standardized sizes for Residential, Commercial and Industrial customers.
For more information on our Global Tariff Survey please contact us.
We also assist clients to develop dynamic pricing solutions in competitive retail electricity markets, based on our modelling of spot prices, wholesale/futures contracts, fuel prices, network charges and exchange rates.