• power

    Power Plant Portfolio Optimization

    Real-time Power Portfolio Procurement Optimization
    Minimize Total Electricity Procurement Cost
    Real-time Trading & Scheduling Dashboard
    Forecasting: ISO TH, Nodal, LMP Price and Load, Utility & Consumers’ Load
    Data: Weather, ISO, Utility and Consumer Meter

Unrivaled Real-time Electricity Portfolio Optimization System boasting a staggering 20% savings on energy procurement costs

Minimize total power procurement cost via optimal (sub)-hourly dispatch to bilateral suppliers and the corresponding buying or selling of the imbalance in the ISO spot market. Take full advantage of arbitrage and market opportunities arising from price movements in volatile electricity spot markets as well as flexibilities built into your bilateral procurement contracts in real-time and DA markets.

This solution delivers all you need within the same dashboard: real-time dispatch optimization, trading, scheduling, weather and ISO nodal data, load and nodal price forecasting.

Real-time business intelligence, visibility and trading performance analysis dashboard, comparing intraday (sub)-hourly nodal P&L and positions across actual and optimal trading strategies.

The solution’s salient feature is to be ready-for-use on day one. No development, customization or specialized hardware needed. Your power procurement portfolio is configured in just a few weeks and go live.

The cloud version is a 24/7 Cloud supercomputing electricity portfolio optimization service. All you need is a browser.

Solution and Benefits

  • A utility, electric cooperative or energy retail marketer can have a diverse power procurement portfolio composed of multiple financial and physical bilateral contracts or PPAs with different suppliers and generators, together with the possibility of buying and selling the imbalance in an ISO spot or external electricity market.

  • QR Power Portfolio Optimizer™ goes well beyond unit commitment which solely aims to lower energy costs irrespective of spot or external market prices. Our optimization objective is to minimize total power procurement costs by dynamically adjusting, for every period, buying from bilateral electricity agreements, along with corresponding buy-sell to the spot market, while meeting load requirement, contractual, regulatory and other constraints.

  • Unlike long-term fuzzy planning tools, our solution makes highly accurate optimal dispatch and ISO buy-sell predictions, when used in real-time or DA trading. Traders can continually adjust, in real-time and every period, their dispatch buy orders to different suppliers and the ISO in order to take full advantage of arbitrage and market opportunities arising from price movements in volatile spot markets. This can lower energy procurement cost by upwards of 20%.

  • QR Trading & Scheduling™ is a real-time electricity trading platform integrating multiple key functionalities. Optimization, scheduling dashboard, data, load and price forecasting. It also provides real-time business intelligence in live web-panels displaying trading performance analysis comparing actual and optimal key indicators: nodal load positions, P&L of bilateral power procurement contracts, and ISO buy and sell positions.

Key Functions and Apps

Power Portfolio Optimization

Power Portfolio Optimization

Minimize total energy procurement cost via optimal dispatch across bilateral contracts and ISO buy & sell.

Utility Trading & Scheduling

Trading & Scheduling Dashboard

(Sub)-hourly scheduling dashboard. Performance analysis: actual, forecast and optimal positions, load and P&L.

Load Forecasting

Load Forecasting

Real-time short and long-term (sub)-hourly load forecast: ISO system, zonal and regional. Utility & consumers load.

Price Forecasting

Price Forecasting

Real-time short and long-term (sub)-hourly ISO nodal, trading hub, LMP and zonal price forecast.

ISO Solutions

ISO Solutions

Real-time connectivity, nodal load, price and settlement data. Automated back office ISO settlement.

Next Generation Dual Cloud On-site Platform

  • Leverage next generation dual-use cloud on-site architecture. QR Cloud is a live 24/7 supercomputing platform with a vast array of ready-to-use models and templates. You can select, download and customize any configuration from QR Cloud in your own instance, whether on-site or on QR Cloud.

  • QR System is a single universal software for all on-site and QR Cloud instances, and is upgraded quarterly free of charge. Actual clients’ implementation are configured in a database, which is portable from QR Cloud to on-site.

  • QR Cloud is ideal for medium size players. No software installation, IT infrastructure, resources or efforts required. All you need is a browser.

  • Private Cloud or on-site are for entities wishing to control data and processes.

New Commercial Paradigm

  • Whether on the cloud or on-site, no permanent license and hefty initial license fee. Just pay 1 single yearly subscription fee for license, cloud supercomputing, maintenance and on-going upgrades.

  • Start with an actual Trial to test our platform and the quality of our expert team. Continue if satisfied. Cancel if the Trial fails to meet your expectations. 

  • Ready for use out-of-the-box, no custom development or coding.

  • Cost-effective speedy implementation via intuitive configuration. Select, download and customize any configuration from QR Cloud in your own instance, whether on-site or on QR Cloud. Save years and millions.

What people say about us?

Need more information?

Our expert team are here to help with any questions you have regarding QR Cloud Services™. Call or email today.

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