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Energy Market Print E-mail

ADICA is a leading provider of energy market consulting and innovative strategic analysis software that enables our clients to succeed in evolving energy markets. Headquartered in Oak Brook, Illinois, USA, ADICA specializes in the application of innovative agent-based modeling software created with Argonne National Laboratory for simulating energy markets.

ADICA is committed to transferring knowledge and energy market analysis software tools that provide a sustained competitive advantage for our clients. As an example, we organized a study tour of U.S. energy markets for staff of Chubu Electric Power Co., Inc. (CEPCO) and trained CEPCO staff on energy trading and operation within a competitive energy market.  CEPCO supplies electricity to the centrally-located Chubu region of Japan. The supply area covers 39,149 square kilometers and 16.6 million people.  In terms of the Generating Capacity, Electric Energy Sales, and Revenues from Energy sales, CEPCO is the third largest electric company in Japan.

The study tour included formal training on real-time generation dispatch on the PJM system, with lectures on:

How PJM Dispatches and Controls Generation
Overview of Locational Marginal Price (LMP)
PJM Day-Ahead Scheduling Process
Ancillary Services
Overview of PJM Markets Settlements
Overview of PJM Market Monitoring
Overview of PJM System Operator Certification Program
PJM Emergency Procedures
PJM Communications Protocols
System Restoration

ADICA also arranged for CEPCO staff to visit U.S. electric utilities and accompanied the trainees on these visits.  Issues addressed during the utility visits include:

-        Energy Market Regulation

-        Trading structure for various areas (MISO, PJM, etc.)

-        Energy Trading Unit structure/organization

-        Energy Trading floor operations

-        Dispatch and transaction paths

-        Short term marketing

-        Structured deals and long term marketing

-        How does wholesale trading relate to retail energy markets?

-        How does trading interact with transmission operations and scheduling?

-        Settlement and accounting processes and procedures

-        Strategic analysis for energy trading and risk management

-        Generation investment decision making within an energy market environment