Given the stochastic nature of grid conditions, micro-grids, municipalities and load serving entities have to be increasingly sophisticated in their interactions with the ISO/RTO run wholesale power markets. Demand response and distributed energy resources provide flexibility to the grid operator to help mitigate system volatility. Loudon Energy Analytics can help Micro-Grids and Demand Side resources to capture this value through maximizing market revenues available from the wholesale market.
Loudon can help micro-grids and demand side resources with:
Peak Prediction and Capacity Market Optimization: Loudon offers stochastic analysis allowing a micro-grid to predict the day and hour of monthly coincident peak for the micro-grid system. Stochastic analysis can help a micro-grid optimize its storage and other flexible resources to enhance capacity market performance.
Day Ahead Market Simulation and Energy Market Optimization: Loudon performs stochastic simulations of the ISO/RTO administered day-ahead market to tailor a micro-grid’s day ahead energy transactions with the ISO/RTO’s wholesale markets.
Real Time Ahead Market Simulations and Optimizations: Loudon uses stochastic analysis together with real time system condition and weather updates to develop real-time energy forecasts.
Modeling of ancillary services and co-optimization with the energy market: Building on day-ahead and real time energy market optimization, Loudon is developing capabilities to co-optimize energy, reserves and regulation offerings of the micro-grid with the whole-sale market operator.