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Press Releases |
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10/1/2006 Press Release |
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10/1/2006
Following an Independent Review, Czech Consortium Selects ADICA’s EMCAS as Top Strategic Regional Electricity Model
Following an Independent Review, Czech Consortium Selects ADICA’s EMCAS as Top Strategic Regional Electricity Model
Having joined the EU, the Czech Republic is part of a union that encourages cooperation, transparency and free access to the electricity marketplace. In 2006, a consortium comprised of a system operator (OTE), regulator (ERU), transmission company (CEPS), and Ministry (MI&T) in the Czech Republic hired an independent consulting firm (Deloitte) to conduct a survey of commercially available software for electricity market simulation, which can be used to assist various stakeholders in the Czech Republic in providing key “educated answers” to several important energy questions.
An initial search led to the consortium contacting nine software vendors to request publications, documentation and demonstration models. After a detailed review, the consortium requested demonstrations of four “best-of-class” solutions. In June 2006, the consortium selected the EMCAS software distributed by ADICA as the top pick for their Strategic Regional Electricity Model.
Screen Capture of Czech Strategic Regional Electricity Market Base Case in EMCAS
About EMCAS
The Electricity Market Complex Adaptive System software is designed to meet the growing need for advanced modeling approaches that simulate how electricity markets may evolve over time. EMCAS employs an innovative agent-based modeling approach to more accurately model the complex interactions between physical infrastructures (generation, transmission, and distribution) and economic behavior of market participants.
About ADICA
ADICA Consulting combines industry knowledge, distinguished professionals, and cutting-edge strategic analysis software to provide consulting services to Government Agencies and Energy Companies worldwide. Headquartered in Oak Brook, Illinois, ADICA provides Robust, Accurate, and Relevant insights with advanced analytics created by Argonne National Laboratory.
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Bruce Hamilton, President
Phone: +1 (630) 705-3060
Fax: +1 (630) 705-3061
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Web: www.adica.com |
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