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1/7/2009
Electricite de France (EDF) Has Selected ADICA’s Smart Market Solution for Analysis of Electricity Markets
Electricite de France (EDF) Has Selected ADICA’s Smart Market Solution for Analysis of Electricity Markets
ADICA, worldwide provider of Smart Market® business solutions for the energy industry, announced a contract with EDF, one of the world’s largest energy utilities, to implement the Smart Market software solution called EMCAS.
Utilities are faced with the challenge to assess the impact of environmental regulation, demand-side management programs, intermittent renewable energy sources, and competitive markets on short-term operations and long-term investment decisions. Legacy software products have shown to be inadequate to deal with current issues confronting the electric power industry.
ADICA’s Smart Market software product, called EMCAS, uses an intelligent agent-based modeling approach to simulate how energy suppliers and consumers react to the changing physical, economic, and regulatory environments in which they operate. EMCAS reflects the transmission grid in detail, simulates market operation chronologically on an hourly basis, models the individual behavior of market participants ("agents") and allows these agents to learn from previous experiences and adapt their behavior to new situations.
ADICA’s intelligent analytics enable informed decision making that impacts the bottom line. With more accurate analytics, energy suppliers are better able to reduce risk, optimize the value of generation and transmission assets, reduce capital expenditures, and increase profits.
Independent reviews of energy industry software conducted by Deloitte Consulting, The Fraunhofer Institute for Systems and Innovation Research, and others point to ADICA’s Smart Market software as a "best-of-class" solution for analyzing electricity markets.
About ADICA
ADICA is an industry leader in providing Smart Market® strategic analysis software and decision support for energy companies and government agencies worldwide. Our intelligent business solutions provide unique and valuable insights that enable our clients to succeed in the energy marketplace. For further information, please visit our Website: http://www.adica.com
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