Power Plant Optimization

KyPlant software is developed for valuation of both physical and virtual power plants. The optimal dispatch is quickly calculated using dynamic programming techniques. The real options-based model combines actual plant behaviour with realistic price simulations. The model quickly identifies plant value, supports trading decisions and reports exposures.

KyPlant is used for:

• Front office dispatch optimization
• Long term  power plant investment analysis
• Risk management – calculation of power and fuels delta positions
• Valuation of virtual power plants

Outputs power plant optimization software

The output of KyPlant includes:

• Optimal dispatch schedule on (half) hourly basis
• Intrinsic plant value and real-option value
• Impact of hedging strategies on value distribution
• Delta positions for power, fuels and emissions
• Detailed  statistics: P&L items, power production (full load & part load), fuel consumption, emissions, starts, equivalent operating hours, outages, costs

Power Plant Constraints

KYOS Power Plant Optimization software incorporates the most important physical and contractual settings and constraints, including:

• Operational constraints: min and max capacity, runtimes, offtimes, ramp rates, efficiency curve
• Costs: fixed, variable operations & maintenance costs
• Start costs: fixed and variable fuel costs for 20 start curves
• Outages and maintenance
• Limitations on gas consumption and number of starts
• External obligations: supply of power and heat

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