In order to optimally operate, e.g. a pumped power plant, the optimum times for pumping and power requirements must be determined. The valuation and risk analysis for gas and steam turbines takes into account, amongst others, performance characteristics, ramping, energy efficiency, loss of power and the effects of temperature.
The aim of the applied strategies is to maximise net revenues.
The following constraints are taken into account:
The valuations include a risk analysis, which determines key risk indicators such as value at risk.
Flexible gas supply agreements are subject to annual, quarterly, monthly and daily restrictions, which translate into minimum and maximum amounts. The purchasing costs can depend on various price indexes.
The aim of stochastic optimisation is to be able to trade the purchased amount of gas optimally on the market by analysing results.
TS Energy is used to support trading, including pricing and risk analysis for complex energy contracts such as swing options or virtual power stations and ancillary services for network operators (balancing energy).