Next-Generation Thermal Asset Trading & Bidding Optimization Solutions & Cloud Services
Maximize your power plant’s profit and minimize your trading risk via stochastic co-optimization in intraday and DA energy and reserve markets.
Overcome complex challenges with ready cloud solutions. Co-optimize thermal assets trading in intraday and day-ahead energy and reserve markets.
Generate complete trading risk metrics, and maximize P&L while minimizing risk (CVaR).
Optimize Trading P&L
Maximize trading profit by dynamically adjusting bidding every trading period to extract the maximum value from instantaneous changes (price and offer stack) in energy & reserve markets.
Real-time Trade Automation
- Bid mgmt web dashboard with API export to external trading systems.
- Automated bid submission to ISOs/RTOs, or electricity markets & exchanges.
- Plant RTD, fuel, and data monitoring.
Advanced Analytics
We provide intuitive web dashboards, market data, range of probabilistic AI price forecasts, stochastic optimization, risk metrics (VaR and CvaR), and trading P&L performance analysis.
Market & Asset Agnostic
AI price forecasts cover world energy and reserve markets. The optimization model and algorithms are asset agnostic and can be configured for gas, coal and diesel plants worldwide.
API Friendly Cloud Ecosystem
A full-featured, ready-for-use, API friendly cloud trading optimization ecosystem that can be easily integrated with in-house ETRMs and local ISOs and market operators via flexible APIs.
QR Optimizer Integrates Key Advanced Technologies to Maximize the Trading Profitability of Thermal Assets under Risk and Uncertainty
Leverage sophisticated probabilistic AI forecasting and stochastic co-optimization to trade smarter, increase profit and minimize risk while navigating intricate and volatile energy market dynamics.
The Bidding Solutions
The solution computes for a portfolio of power plants, the optimal bids that maximize their collective P&L, across every forward (5-60 minutes) trading period, in intraday and day-ahead energy and reserve markets. The solution also computes the expected cleared RTD and MQ and detailed nodal positions and P&L.
Probabilistic Forecasts
QR AI Forecaster generates 1000s of probabilistic price forecasts at different percentiles for intraday and DA energy and reserve prices in world power markets. These provide the joint probability distribution of the energy and reserve markets. All data is provided.
Stochastic Co-optimization & Risk Mgmt
Leveraging advanced stochastic co-optimization algorithms, QR Optimizer evaluates for each trading period, the bidding strategies in energy and reserve markets, across 1000s of probabilistic energy and reserve price forecasts, and identifies the optimal scenario that maximizes the overall profit across all markets while minimizing risk (VaR, or CVaR), for a 24-hour period.
Trading Performance Analysis
A detailed real-time and post-trade trading analysis dashboard compares the detailed positions and P&L of the actual versus optimal scenarios: expected clearing dispatch resulting from the bids, and the corresponding generation cost and revenue from sale in the energy and reserve markets.
Bidding & Scheduling
Trading web dashboard enables multiple traders to:
- Manage optimal bids in intraday and day-ahead trading in energy & reserves.
- Modify, validate and export bids via API to external / third-party trading systems.
- Automatically submit bids to ISOs/RTOs, or electricity markets & exchanges.
- Monitor RTD, fuel, or the plant’s parameters.
Asset Modeling
Modeling of different thermal asset types, data (capacity, RTD, meter, contracted capacity), physical characteristics and operational constraints, ramp, outages, heat rate and min-max run. Detailed cash flow modeling capability for the fuel cost, revenue, and profit of each asset, which is the optimization objective function.
Advanced API Friendly Electricity Bidding Co-Optimization Ecosystem
QR AI Price Forecasting Dashboard
QR Stochastic Bidding Optimization for Thermal Assets
QR Bidding Trading & Scheduling Dashboard
QR DataHub for World Power Markets
Explore our Solutions | Request a Demo | Apply for a Free Trial
The following represents indicative fees for our cloud Bidding Optimization Services, where we provide everything and you don’t need any software installation, hardware, or IT resources.
Alternatively, the platform can be implemented on a private cloud of your choosing where you control the environment. Actual prices are customized based on the specific requirements and configuration of each client.
| Package | Deliverable | Monthly Price Coal | Monthly Price Gas | Monthly Price Hydro |
|---|---|---|---|---|
| BASIC QR Forecaster |
| €/$ 0.03/MWh | €/$ 0.05/MWh | €/$ 0.05/MWh |
| STANDARD QR Optimizer |
| €/$ 0.06/MWh | €/$ 0.10/MWh | €/$ 0.12/MWh |
| PREMIUM QR Full Trader |
| €/$ 0.08/MWh | €/$ 0.12/MWh | €/$ 0.18/MWh |
For example, a 100 MW Gas CCGT that is operational and optimized at 75%, will generate 54,000 MWh / month, and the resulting monthly fee for the STANDARD plant is $ 5400.
* Depending on the market, these are the typical products used for trading co-optimation.
| Energy DAM | Energy Intraday RTD | Reserves DAM & Intraday RTD | |
|---|---|---|---|
| US ISOs & RTOs | Hourly LMP DAM | 5 and 15-min RTD LPM | REG-UP/DOWN NSPIN RRS & ECRS |
| European Markets | Hourly Regional DAM | 15-min Continuous, Auction | aFRR Up/Down, mFRR Up/Down, Balancing |
Trading & Bidding Optimization Benefits
- You can start with a free POC trial, where we configure one of your power plants in our solution in just a few days. We have ready-to-use cloud servers.
- Flexible implementation. QR Optimizer is licensed as a monthly subscription service. It can be installed on our cloud as a service, and you receive, via API and in web dashboards, the desired outputs, e.g., price forecasts, optimal bidding & trading schedules every 15 minutes, 24/7. No software installation, hardware, or IT resources are needed. Alternatively, it can be implemented on a private cloud of your choosing, or on-site, and you control the environment.
- Flexible commercial terms. The solution yearly license fee is commensurate to the capacity of your generation asset. In no case will this solution cost anything, as it can generate profits worth several times its license cost. The powerful AI and algorithmic trading platform produces and can submit optimal bids every 15-min, 24/7, significantly increasing the power plant’s trading profit. Its automated nature allows you to eliminate the need for third-party trading companies, thus reducing costs.
- Ready-for-use with minimal configuration. We offer cloud servers loaded with many pre-loaded AI forecasting, trading optimization and report templates. These can be configured in days for any thermal power plant asset and electricity market.
- Market & Asset Agnostic. QR AI Forecaster and QR Optimizer are core components of this universal, API-friendly, cloud-based asset trading optimization ecosystem. They are ready for deployment across United States ISOs and RTOs, as well as European and global energy markets. The co-optimization models and algorithms are fully configurable for any energy and reserve products in these markets.
