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Press Releases

1/1/2010

Energy and Environment Cabinet of Kentucky selects ADICA for "Enhanced Strategic Energy Sector Analyses and Planning."

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12/1/2009

Electricite de France (EDF) Renews License for use of ADICA’s Smart Market Electricity Market Analysis Software
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10/30/2009

Advanced Analytics makes list of Top 10 Strategic Technologies for 2010

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7/1/2009

ADICA’s White Paper - The Smart Grid and the Evolution of the Independent System Operator is Published in Power & Energy Magazine
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6/1/2009

ADICA CEO Chairs Executive Forum on Revolutionizing the Smart Grid

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4/1/2009

ADICA is 1 of 2 Utility Software Vendors Selected to Showcase Solutions at Executive Forum on Revolutionizing the Smart Grid
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1/7/2009 

Electricite de France (EDF) Has Selected ADICA’s Smart Market Solution for Analysis of Electricity Markets

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11/1/2008

ADICA Launches International Collaboration Program on Distributed Energy Resources 

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10/1/2008

New York Times Cites EMCAS as Pioneering Software Able to Mimic Market Dynamics
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9/1/2008

ADICA partners with Argonne to develop long-term projection of electricity prices in Western United States
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8/1/2008

Ontario Power Authority Considers ADICA’s Smart Market® Solution – EMCAS
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5/1/2008

Fichtner to use ADICA’s Smart Market® Solution - GTMax

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4/1/2008

Fraunhofer Institute notes “remarkable” aspects of EMCAS agent-based software for simulating electricity markets
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3/1/2008

Croatian National Electricity Company, HEP, Selects EMCAS Electricity Market Analysis Software
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2/1/2008

EMCAS Educational Version is used by Universities in Asia, Europe, Latin America, and the United States

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1/4/2008

Power System Professionals from 10 Countries Attend Training on ADICA’s Smart Market® Solution - EMCAS 

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12/1/2007

Lahmeyer International Selects GTMax for use in Regional Transmission Planning
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11/1/2007

ADICA Conducts Training on Energy System Planning for Egyptian Natural Gas Holding Company (EGAS)
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9/1/2007

ADICA Launches New Support Website

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8/1/2007

ADICA Provides Training on Power System Planning in Kuala Lumpur, Malaysia
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6/1/2007

EMCAS Software is Applied in Electricity Market Study for the Illinois Commerce Commission

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4/1/2007

Portuguese Transmission Company REN Selects EMCAS for Analyzing Iberian Electricity Market

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3/26/2007

Argonne, IIT Join with Korea Power Exchange for Graduate Studies Program in Electricity Markets

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2/1/2007

ADICA Provides Training on Use of WASP Power System Planning Software in Algeria, Cyprus and Indonesia

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12/1/2006

ADICA IS SELECTED AMONG LEADING COMPANIES TO PRESENT AT ENERGY VENTURE FAIR VII

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11/1/2006

ADICA Receives 2006 U.S. Federal Laboratory Consortium for Technology Transfer Midwest Region Partnership Award

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10/1/2006

Following an Independent Review, Czech Consortium Selects ADICA’s EMCAS as Top Strategic Regional Electricity Model

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9/1/2006

Korea Power Exchange (KPX) Selects ADICA to Organize 4-month Training Program on Power System Expansion Planning in a Competitive Electricity Market

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7/1/2006

Power System Professionals from 10 Countries Attend Training on ADICA’s EMCAS Software

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5/1/2006

ADICA Organizes Study Tour of U.S. Electricity Markets for Chubu Electric Power Company

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4/1/2006

Korea Electric Power Research Institute Obtains GTMax License

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3/1/2006

Chubu Electric Power Company Selects ADICA to Organize Training on Software for Electricity Market Analysis and Generation Expansion Planning

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2/1/2006

 Korea Power Exchange (KPX) Selects ADICA to Organize Study Tour of USA Electricity Markets with Visits to PJM, MISO and California Energy Commission

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1/1/2006

The World Bank Selects ADICA to Present Simulation Software at Pre-Launch Meeting of Nile Basin Regional Power Trade Project

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12/1/2005

The World Bank Selects ADICA to Train Mexican Energy Analysts in the Use of the WASP-IV Model for Wind Power Analysis

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10/1/2005

ADICA Provides Training for World Bank Energy Sector Recovery Project in Kenya

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8/1/2005

ADICA Teams with Argonne National Laboratory to Conduct an Electricity Tariff Study for the North Sulawesi Region of Indonesia

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6/1/2005

ADICA’s GTMax Software is Used in Electricity Generation Investment Study for South East Europe

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4/1/2007 Press Release Print E-mail

4/1/2007

Portuguese Transmission Company REN Selects EMCAS for Analyzing Iberian Electricity Market

Portuguese Transmission Company REN Selects EMCAS for Analyzing Iberian Electricity Market 

Oak Brook, IL – April 1, 2007 (News Release) ADICA, a leading provider of innovative Agent- Based Modeling Software for the energy industry, announced today that REN - Rede Eléctrica Nacional, S.A. has selected its Electricity Market Complex Adaptive System (EMCAS) software for analyzing the behavior of market participants under alternative regulatory scenarios of future rules for the Iberian Market.   As stated by Mr. Paulo Soares de Pinho, Member of the Board of Directors of REN,

“We feel the need for a new modelling approach that:

• Incorporates the imperfect competition nature of the liberalised market,
• Adequately handles the hydro/thermal nature of Portugal’s production,
• Is able to fully model the future Iberian Market for Electricity, 
• Is able to simulate the short-term behavior of the agents involved, and
• Is also able to constitute an important long-range planning tool.
 

We expect EMCAS to become that tool.”
press2_07
 Figure 1. EMCAS Representation of Iberian Market
Staff from ADICA and Argonne National Laboratory customized EMCAS for analyzing the Iberian Market and transferred the software and associated database for continued use at REN. Expected results from using EMCAS in Portugal include: 1.) Simulation of hydro system operation within a market environment; 2.) Assessment of the bidding behavior of market participants; 3.)  Estimation of wholesale and retail price volatility; 4.) Determination of market based capacity expansion schedule; 5.) Reporting on costs, revenues and profits for all market participants under different assumptions about market rules and regulations; and 6.) Analyzing the impact of the European CO2 Emission Trading System on market participant bidding strategies, power plant operations, and resulting electricity prices and use.

About REN
In fulfilling its joint mission as system operator and market operator in Portugal, REN is responsible for ensuring the continuous supply of electricity at the lowest possible cost, meeting quality and safety criteria, maintaining the balance between supply and demand, and protecting the legitimate interests of different players in the electricity market.

About ADICA
ADICA is a leading provider of energy consulting and cutting-edge energy system analysis software for Government Agencies and Energy Companies worldwide.  Headquartered in Oak Brook, Illinois, USA, ADICA specializes in the application of innovative agent-based modeling software created by Argonne National Laboratory for simulating electricity markets.  ADICA is worldwide distributor of the EMCAS software.
 
About Argonne
Argonne National Laboratory is one of the U.S. Department of Energy’s largest research centers. It is also the nation’s first laboratory, chartered in 1946. Today, the laboratory has nearly 3,000 employees, of whom about 750 hold doctorate degrees.  Argonne’s annual operating budget of about $475 million supports upwards of 200 research projects ranging from studies of the atomic nucleus to global climate change research.

For more information, please contact:

adicalogor 

  Bruce Hamilton, President
  Phone:         +1 (630) 705-3060
  Fax:               +1 (630) 705-3061
  Email: 
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  Web:              www.adica.com
 
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