Integrated energy scenario management for optimal decision support
One of the most important challenges in the energy business is the optimal management of complex energy portfolios – making decisions under uncertainty. Current challenges energy professionals face include:
- Choosing between alternative trading decisions (exchange, OTC, optionality, etc.)
- Taking advantage of contracted delivery, flexibility or alternative pricing
- Determining the optimal type and use of transport and the most cost-effective routing
- Making 'burn or sell' decisions for fuels
- Optimising storage usage
- Committing and dispatching generation units
- Considering physical and regulatory constraints
In a complex portfolio with flexible cross-commodity positions, transmission capacities, storage and generation assets, and trading alternatives, the decision-maker must take into account all interrelations between the portfolio assets as well as the coherence of the supply-demand solution.
A lot of these decisions have to be made in a situation where many input factors are still uncertain. For an optimal decision-making process, it is important to have all related information available and to be able to analyse the necessary variety of scenarios and their business impacts on profit and risk.
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