Optimising generation in the market

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Optimising generation in the market: upgrading methods and tools

It is crucial that the EDF Group take the necessary steps to expand its financial margins and control the risks associated with the opening of electricity markets, trends in wholesale markets, and the development of competition.

Engineers at Upstream-Downstream Optimisation and Trading

Adapting tools for better optimisation

The fact is that a portion of currently available "off-the-shelf" tools are not adapted to the particularities of electricity. The challenge here is to devise a new methodology framework to ensure that generation facilities are optimally geared to the market, taking into account both physical and financial constraints.

This optimisation strategy focuses on market time (management of facilities and related risks) and beyond (development of upstream/downstream asset portfolio in Europe); it also takes on board regulation mechanisms (market rules, VPP, interconnections, emissions permits, incentive mechanisms, etc.).

Constructing a new reference framework

The methodology relies on innovative disciplinary approaches for modelling contingencies, prices and risks and optimising large and strongly non-linear systems under constraints. They will be used in conjunction with a range of digital tools integrated within the MarketLab platform.

Taking a closer look

Innovation

Digital simulation
for decision-making

Innovation and design

The new-look
heat pump

Experience

Test drive
an electric car

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