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12/1/2009
Electricite de France (EDF) Renews License for use of ADICA’s Smart Market Electricity Market Analysis Software
Electricite de France (EDF) Renews License for use of ADICA’s Smart Market Electricity Market Analysis Software
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.
EDF is particularly interested in utilizing the long-term expansion capability of the software, which is designed for generation investment planning within a market environment. EMCAS user can chose to execute an agent-based approach with individual company agents using profit maximization as their objective or a dynamic programming approach based on system wide cost-minimization
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 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. 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.
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.
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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