Adica - Energy Software Vendor
Adica is a leading energy software vendor providing Smart Marketsm strategic analysis software and decision support for energy companies and government agencies worldwide. Our innovative energy software, developed in collaboration with Argonne National Laboratory, provide unique and valuable insights that enable our clients to succeed in energy markets.
EMCAS is a Smart Marketsm software product that uses a new multi-agent modeling approach to simulate how decisions are made in today’s electricity markets, where several GenCos are competing with each other, both in terms of short-run operations and in long-term capacity expansion.
Independent energy software reviews conducted by Deloitte Consulting, The Fraunhofer Institute for Systems and Innovation Research, and others point to EMCAS as a "best-of-class" solution for analyzing electricity markets.
The advanced analytics in EMCAS provide unique and valuable insights for:
- Generation Investment Planning
- Bidding Strategy Evaluation
- Contract & Portfolio Optimization
- Price Forecasting & Risk Analysis
- Merger Analysis
Some of the key strengths of the EMCAS agent-based modeling approach include:
- Represents multiple market participants as “agents” with decentralized decision-making, i.e., each agent may have its own unique set of objectives, decision-making rules, and behavioral patterns
- Represents multiple forward markets, including capacity markets, bilateral contract markets, energy spot markets, and ancillary services markets;
- Represents the transmission system in detail using a Direct Current Optimal Power Flow (DC OPF) algorithm to identify transmission congestion and price impacts of congestion
- Analyzes different strategies, from production cost bidding to various forms of price probing strategies
- Incorporates agent learning and adaptation based on performance and changing conditions
- Enables the user to analyze the impact of a change in the prevailing market rules.
Contact Adica for information on our full suite of Smart Marketsm energy software products.
About Adica
Adica is an industry leader in providing Smart Marketsm Strategic analysis software and decision support for energy companies and government agencies worldwide. Our innovative software solutions, developed in collaboration with Argonne National Laboratory, provide unique and valuable insights that enable our clients to succeed in energy markets.
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