Thermal Power Plants Trading Optimization

  • Bidding & Trading optimization.
  • Generation optimization.
  • Maximize profit & minimize ware & tear.
  • Power plant data management.
  • Bidding & scheduling interface.

Clients profile

  • These solutions are tailored for traders, portfolio and asset managers in utilities and power generation companies engaged in day-to-day trading or planning, both in bilateral and organized electricity markets or ISOs.
  • These solutions offer trading models and algorithms for gas, coal and diesel assets. These cost-effective solutions can be easily integrated with existing ETRM and asset systems.
  • You can also adopt our platform as your core trading and data analytics platform and leverage our microservice architecture and API services to connect in-house legacy and other systems and do away with manual processing and cumbersome legacy system integration.
  • Our solutions can be implemented on dedicated clouds of your choice, on our cloud platform, or on-site.

Data management

QR Data Hub is especially designed to streamline and automate the data pipeline across generation operations: centralized data platform ready to fetch, clean, insert and manage all your data, from 5 to 60 min resolution, consumer meter, generation, system demand (regional, zonal, total), prices (system, nodal, LPM, real-time and DA), outages, stack of bids & offers, supply side data, weather, schedules, trades, settlement, billing, etc. Once data fetching and migration are accomplished, you have all your data in a robust and modern data management system. You can then disseminate your data to other applications via our flexible API service.

QR AI Price Forecaster

  • This solution offers a range of automated advanced AI forecasting services for world electricity markets, ISOs & RTOs.
  • Price forecasts: nodal, Locational Marginal Price (LMP), zonal or trading hub prices Demand forecasts: system, transmission and zonal demand.
  • The forecasts are intraday and DA at 5 to 60 minutes resolutions.
  • Intraday forecasts are refreshed every 10 mins 24/7.

QR Trading & Bidding Optimizer

  • The solution optimizes the bidding of thermal generation assets in power markets or IOSs, while fulfilling demand, contractual, ancillary and regulatory obligations, under various operational constraints.
  • The computed optimal bids maximize a portfolio of plants’ gross margin or P&L, across all forward (5-60 minutes) trading periods of the day, while fulfilling the energy requirements of bilateral contracts if any, versus buy-sell in the spot market.
  • The solution is automatically executed 24/7, for intraday and DA trading or bidding in your market.

QR Generation Optimizer

  • This solution is for thermal assets operating in bilateral electricity markets outside an ISO or power market.
  • The solution maximizes the profit of a portfolio of generation assets by dynamically adjusting for every (5-60 minutes) trading period, the decision to generate versus buy-sell in a bilateral spot market, while taking into account available generation capacity, constraints and bilateral contractual obligations.
  • The solution is automatically executed 24/7, for intraday and DA trading, as well as long-term planning.

Asset, Data & Business Intelligence

QR Asset Management 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.

QR Bidding & Scheduling Dashboard is seamlessly integrated to allow the editing, management, validation, and submissions of energy and reserve bids to IOSs, RTOs and exchanges, within the same dashboard. QR Reporting offers many ready-for-use executive web dashboards enabling real-time access to your trading performance: P&L, RTD, operational data and trading performance indicators comparing actual and optimal cash flow, along with market data, demand, price, outage etc.