PowerP&L
PowerP&L is designed to deliver vital operational and financial information continuously from the day-ahead perspective to the final ISO-settlement perspective; therefore the interface data are collected as soon as they become available and are updated continuously as the data quality improves. Updated as frequently as every five minutes, the data includes day-ahead and real-time LMP, energy and ancillary service revenues, costs and margins. Estimated Operating Reserves and Credits are also calculated. In addition, the system can calculate lost opportunity revenues.
All of the financial data analysis using known and forecast market data, internal data, and costs are rolled up along with the shadow Profit and Loss and presented real-time. Along with our core metrics, the system is designed to allow addition of client specific metrics that are critical to each unit or fleet. This provides a powerful tool for real-time analysis and decision making as well as a tool for review of historical data. The tool also provides lost profit analysis for each hour due to various reasons such as inability to follow dispatch, outages, etc. The key goal is to understand periods where profit is not maximized, so that companies can best evaluate internal processes to capture lost margin and maximize profits.
All of the financial data analysis using known and forecast market data, internal data, and costs are rolled up along with the shadow Profit and Loss and presented real-time. Along with our core metrics, the system is designed to allow addition of client specific metrics that are critical to each unit or fleet. This provides a powerful tool for real-time analysis and decision making as well as a tool for review of historical data. The tool also provides lost profit analysis for each hour due to various reasons such as inability to follow dispatch, outages, etc. The key goal is to understand periods where profit is not maximized, so that companies can best evaluate internal processes to capture lost margin and maximize profits.
Benefits
- Provide real-time shadow P&L hourly as well as daily bills for the prior day
- Monitor day-ahead, real-time and after-the-fact operating data, revenues, cost and margin components for each generating units
- Review Day-Ahead energy and ancillary service bids, awards, LMP and clearing prices
- Monitor Real-Time bids, real-time generation, ancillary services assigned, LMP and clearing prices
- Estimate Operating Reserve Credit and Make-whole
- Review Day-After meter readings
- Review any other hourly performance data that the plants may need for optimum decision making
- Real-Time 5 minute and hourly graphs providing actual, forecasted, and suggested unit position (based on actual and forecasted LMP) as well as various limits and ramping information
- Employ this module for market strategy, financial cash flow (real time P&L) and operational as well as financial activities