Electricity Market Modelling
In the dynamic and rapidly evolving National Electricity Market (NEM), understanding long-term commercial outlook is crucial at every stage.
Greater clarity through every phase
The NEM operates as a competitive open-access energy market, undergoing continuous evolution amid the shift towards renewable energy. Renewable generators can successfully navigate the connection process through current knowledge of regulations, market dynamics, network planning, and emerging technologies. Gain a greater understanding of your project’s commercial viability at every project phase, using Electricity Market Modelling.
Informed decisions
Make informed decisions about investments, strategies and resources with simulated market scenarios.
Strategic planning
Optimise operations, maximise profitability, and mitigate risk in development and investment.
Pick the right projects
Better understand network limitations and select investments wisely, with power system and market modelling.
Comprehensive support
We integrate PLEXOS and PSSE to provide comprehensive support, specialising in detailed long-term market modelling, forecasting Marginal Loss Factors (MLFs), and assessing generation curtailment and congestion. We deliver deep expertise in the NEM and power systems fundamentals through robust forecasts and assessments, ensuring commercial risks and opportunities are thoroughly evaluated for long-term viability.
Enhanced efficiency
electricity market modelling
Our services span due diligence, custom modelling, knowledge-sharing workshops and integrated expertise. Our core market modelling forecast includes critical assessments on Marginal Loss Factor (MLF), Distribution Loss Factor (DLF), and congestion.
Custom modelling
- We develop tailored models within PLEXOS and PSSE. This includes long-term and short-term models, custom network augmentations as well as custom network thermal constraint models and client-specific load flow models.
- We conduct market modelling, whether a short-term headroom feasibility & derisking assessment or long-term comprehensive MLF & congestion assessment.
Due diligence
- Thorough reviews of third-party reports to assess the reasonableness of inputs, assumptions, modelling approaches, and outcomes, offering informed guidance to clients.
- We utilise our in-depth knowledge in market modelling and power systems in our due diligence.
Tailored workshops
- We offer customised knowledge-sharing workshops and deep dives designed to meet your specific needs and to cater to teams with varying levels of technical knowledge.
- Workshops are designed to be interactive, covering theory, fundamentals and a number of cases studies.
Network expertise
- By integrating electricity market modelling with power systems expertise, we conduct studies on Renewable Energy Zones (REZ) and transmission networks to assess the cost benefits of augmentations and upgrades in market modelling.
Drive efficiency at every phase
Our approach is grounded in a deep understanding of commercial and technical challenges and opportunities throughout the connection lifecycle. As a specialised provider of HV connections, we draw upon our understanding of the rapidly evolving connection landscape, with a vertically integrated delivery model spanning engineering, market modelling, and commissioning.
A collaborative approach
We guide workshops and forecasts grounded in power systems fundamentals, to help you make informed decisions in every project phase.
- Engage in workshops to discuss and align on crucial modelling inputs and assumptions.
- Stay updated with the market modelling process and regular progress updates.
- Interim findings are presented through workshops, culminating in the delivery of final reports with comprehensive results workbooks.
Considering financing, acquiring, or selling your project?
We deliver comprehensive reports on MLF and congestion assessments spanning a 20 to 25-year outlook. Market modelling strategies are tailored to your needs, questions, budgets and time constraints. With over a decade of experience, our market modelling team specialises in supporting project financing and transactions.
If not in financing or transaction stages, avoid lengthy long-term forecasts through cost-effective early-phase market modelling. We provide feasibility and initial studies, advising on critical factors affecting MLF and market congestion, identify key sensitivities, and recommend an appropriate modelling period to highlight the major risks around assessments and forecasts.
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Gain a long-term outlook. Contact us to learn more.
