Asset, Data & Trading Management
- Scheduler and ISO bidding interfaces
- Power plants and assets management dashboard
- Data gathering from multiple sources & API toolbox
- Real-time and post-trade performance analysis
Asset, Data & Trading Management
- Scheduler and ISO bidding interfaces
- Power plants and assets management dashboard
- Data gathering from multiple sources & API toolbox
- Real-time and post-trade performance analysis
Enhance business productivity by streamlining and automating key functionality such as data management, asset management, bidding & scheduling interfaces, business intelligence & trading performance measurements
QR Data Manager
This module comprises optimized databases, data fetcher and inserter tools, and an API machine to move data around.
Seamless integration to provide end-to-end data management (fetching, validation, insertion) for world ISOs & RTOs, multiple weather data services, meter and SCADA data.
The methods supported are web-scraping, web services, API, FTP, or manual upload for csv, Excel, XML and JSON file formats.
No need for SQL or coding, all instructions and mappings are configured on the screen in web dialogs.
QR Power Plant Manager
- This module allows the modeling of different types of asset (power plants or callable bilateral contracts), data (capacity, RTD, meter, contracted capacity), physical characteristics and operational constraints, ramp, outages, heat-rate, and power conversion.
- Detailed cash flow modeling capability for the cost, revenue, and gross margin of each asset, which is the optimization objective function. These also include multiple currencies, miscellaneous charges, and the plant’s commitments in terms of bilateral contracted capacity, reserves, and joint bidding provisions with a partner owner. The cash flow modeling is configurable to handle thermal, renewable, storage and hydropower plants.
QR Bidding & Scheduler
QR Trading Performance Analysis
- Performance analysis is measured in two perspectives, real-time, intraday as trading occurs, and post-trading using actual data.
- At each trading period, full financial details are automatically computed for each asset and each (5, 15, 30 60) minutes trading period of the day: expected clearing dispatch, meter quantity, nodal spot price, generation cost, revenue and gross margin or P&L, for both actual and optimal scenarios.
- Computations are revised in real-time to reflect the latest data. For the previous periods the financials are computed using actual data, and for forwarding periods until the end of the day they are computed using optimal projections and forecast data. Trading performance is measured by the delta between the actual and optimal gross margin. The above data are gathered in live Trading Dashboards, displayed in browsers and monitors in the trading room, accessible by all stakeholders.
- Trading performance targets can be established for the trading team. E.g. The trading strategy must not deviate more than 5% from the absolute best optimal. When this threshold is reached a warning is sent out. Traders can then fine-tune actual (real-time and day-ahead) trading strategies to narrow the delta and meet the target.
Our Clients Say
The QuantRisk solution comes fully integrated and automated. It gives us load forecasting, price forecasting and nomination which lead to optimization of our bilateral power procurement process. The system runs automatically every hour, and produces an optimal dispatch nomination schedule that can be emailed to our bilateral supplier. It collects the relevant data in a trading panel and nomination dashboard that is refreshed every hour. This gives our traders the access and visibility we need. QuantRisk solution is cloud based and their team worked with us closely via phone conferences and online remote desktop sharing. It has proven to be very flexible in handling the complex load forecasting, price forecasting and nomination to our power supplier. When the optimization solution is used in real-time trading coupled with the flexibility of our power supply contract, it resulted in a reduction in the actual blended generation rate passed on to our consumers. These results exceeded everyone’s expectation and we are quite pleased that our blended pass on generation charge for January and February are the lowest blended generation pass on rate which benefited our consumers.
General Manager of an Electric Cooperative
Lets Talk About Your Needs
We look forward to exploring the range of options for your projects. Please write to us and one of our project managers will get back to you at once.
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