Next Generation Integrated Thermal Power Plant Trading Optimization and AI Forecasting Platform
QR Thermal Asset Optimizer Integrates Key Advanced Technologies to Maximize the Profitability of Thermal Assets under Risk and Uncertainty
Our trading ecosystem enables you to leverage sophisticated probabilistic AI price forecasting and advanced trading optimization tools.
Navigate intricate and volatile energy markets with AI generated hindsight. Optimize the bidding and trading of your assets to increase profit and minimize risk in world power and reserve markets.
Real-time Trading Automation
Automation of all facets of trading in intuitive web dashboards: Data gathering, management, visualization and reporting for actual and forecast, RTD, bids, positions and P&L. AI and optimization modeling interfaces. Bids and trades management with API export to external trading systems, and automated electronic submission to ISOs/RTOs or power markets and exchanges worldwide.
Advanced AI Predictive and Trading Optimization Algorithms
Power Market & Thermal Asset Agnostic
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We provide integrated technologies to perform accurate forecasts, trade effectively, optimize profits and minimize risk for all thermal assets in any world power market.
QR AI Forecaster computes probabilistic forecasts for energy and reserve prices. QR Optimizer provides a range of stochastic co-optimization algorithms for gas, coal and diesel assets trading in intraday and day-ahead energy and reserve markets to maximize trading P&L while minimizing risk (VaR or CVaR).
QR Bidding Optimizer
- This solution is for thermal assets operating in ISOs/RTOs and European and world electricity markets and exchanges.
- 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 any energy and reserve market worldwide.
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.
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.
QR DataHub
QR DataHub 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 Asset Manager
- 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, power markets and exchanges, within the same dashboard.
QR Stochastic Bidding Optimization for Thermal Assets
QR AI Price Forecasting Dashboard
QR Bidding Trading & Scheduling Dashboard
QR Data Hub for World Power Markets
QR Electricity Trading Advanced Ecosystem
- Microservice architecture enables accelerated custom configuration of electricity trading optimization solutions.
- API-friendly ecosystem allows flexible integration and data exchange with third party & in-house systems. Functionalities are constantly enhanced and extended to meet clients requirements.
Thermal Power Plants Bidding & Trading Optimization Benefits
- You can always start with a POC Trial where we back-test some of your trades against the optimal scenarios, and deduce how much QR Optimizer can improve your P&L.
- Two flexible delivery options: QR Optimizer is licensed as a yearly subscription service. It can be installed on and delivered from our cloud servers 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 and IT resources are needed. Alternatively, it can be implemented on a private cloud of your choosing, or on-site, and you control the environment. In both cases, you pay one single annual subscription fee comprising the license, maintenance and upgrade releases. In no case will this solution cost anything, as it can generate profits worth 10x its license cost.
- Ready-to use platform. We offer a large number of especially designed algorithms and models for bidding gas, coal and diesel power plants. These can be used on your assets and markets with minor configuration.
- Expert team. In-house trading optimization models require extensive expert resources. Models are sensitive to myriads of constraints in assets & operations. QR Optimizer was created as a universal optimization platform that could be configured for various operations. Our team of mathematician PhD experts closely work with clients to customize and maintain the optimization model that suits their asset portfolio.