KYOSKYOS

Experts in energy modeling, consulting and training!

KYOS offers specialized advise on trading and risk management in energy markets. Our expert team has years of experience in quantitative modelling and advisory services in commodity markets. Our sophisticated solutions are developed to support decision making, investment proposals and risk calculations. KYOS has a clear focus on the following areas: Products, Consulting and Training.

Visit www.kyos.com for more information about Kys energy consulting or this topic.

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    Highlights

    Kyos Consulting - News & Highlights

    Advisory Services Power Markets

    KYOS has years of experience in software development and advisory services in power markets. A strong theoretical background is combined with practical solutions to solve day-to-day problems.

     

     

     

     

     

     

    Reference projects include:

    • Front office dispatch optimization

      KYOS developed a front office optimization model which is used on daily basis for dispatching UK power assets.

    • Investment analysis

      KYOS assisted in assessments of long term investments in the power sector. These investments include gas and coal fired power stations in the UK, Germany and the Netherlands.

    • Assessment virtual power stations

      KYOS valued virtual power plants, which are offered by Dong in Denmark and EdF in France.

    • Dispute resolution

      KYOS made an assessment of a complex long-term power purchase agreement, as part of calculating a fair termination value.

    • Valuation of wind assets

      KYOS made assessments on short (1 year) and long term (lifetime) investments in wind parks.

    • Analysis renewable targets

      KYOS made an analysis on the preferred mechanism to reach renewable targets in 2020.

    • Book structure & transfer pricing

      KYOS advised on setting up a book structure for a power generator, including methodologies for transfer pricing.

    KYOS has unique expertise in investment analysis for power plants. This expertise can be used for new-built power stations, acquisitions and/or divestments of energy assets and in valuating virtual power plants. 

    Step 1. Detailed hourly price forward curves

    A detailed hourly price forward curve can be constructed with KyCurve. The model makes arbitrage-free forward curves, in which the increasing effect of solar and other renewables can be taken into account. 

    Click here to read more about KyCurve.

    Step 2. Monte Carlo Price Simulations

    Based on a forward price curve, a set of different price simulations can be created. These Monte Carlo simulations reflect the price dynamics of the different commodities. The price dynamics can be estimated using historical price data series. Advanced econometrical concepts, including volatility, correlation, regime switches and cointegration, are applied to create realistic price simulations.

    Click here to read more about KySim.

    Step 3. Power Plant Valuation

    The value which can be generated in each scenario is calculated with KyPlant, the power plant valuation and optimization model. All technical constraints are included (efficiency curves, capacity levels, min runtime, start curves, outages, availabilities, seasonal influences, etc.). The power plant is dispatched optimally in day-ahead, intraday and/or imbalance markets. The dispatch pattern respects all technical constraints, and avoids perfect foresight when applicable. 

    The power plant software reports both the intrinsic value (value based on the fundamental curve) and the extrinsic value (flexibility value, which is calculated with the price simulations).

    Click here to read more about KyPlant.

     

    Power Plant Valuation | Hourly Power Forward Curve (HPFC)  | Realistic Price Simulations | Consulting Power Markets | Power Plant Training Courses | Publications Power Plant Valuation