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Press Releases |
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7/1/2006 Press Release |
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7/1/2006
Power System Professionals from 10 Countries Attend Training on ADICA’s EMCAS Software
Power System Professionals from 10 Countries Attend Training on ADICA’s EMCAS Software
This summer, power system professionals from ten (10) countries attended a two-week training course on the use of ADICA’s Electricity Market Complex Adaptive System (EMCAS) software. During the course, organized at Argonne National Laboratory, participants developed an understanding of how to use EMCAS to test the impact of different market rules and bidding strategies on emerging market behavior, and the ability to begin analysis of their own country’s market development.
The EMCAS software is designed to meet the growing need for advanced modeling approaches that simulate how electricity markets evolve over time and how participants in these markets react to the changing physical, economic, financial, and regulatory environments in which they operate. Unlike conventional (time series, regression and least-cost optimization) models for electric system analysis, the innovative EMCAS software utilizes agent-based modeling (ABM) techniques to represent power markets with multiple and diverse participants, each with its own unique set of business and bidding strategies, and risk preferences.
About EMCAS
Argonne National Laboratory developed The Electricity Market Complex Adaptive System (EMCAS) software with 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
Email:
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Web: www.adica.com |
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© 2008 ADICA® Consulting, LLC., All Rights Reserved.
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