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9/1/2008
ADICA partners with Argonne to develop long-term projection of electricity prices in Western United States
ADICA partners with Argonne to develop long-term projection of electricity prices in Western United States
Oak Brook, IL - September 01, 2008 (News Release)
ADICA partnered with Argonne National Laboratory to apply its EMCAS software in developing a long-term projection of electricity prices for the Western Electricity Coordinating Council (WECC) region.
Special attention was given to interdependencies between hydropower and thermal power plant operations as hydropower plants may serve up to 40 percent of the WECC load in wet hydrology years. In some water basins, such as the Colorado River System, annual hydropower generation can vary by more than a factor of five. Hydrology conditions impact the dispatch of the thermal system, and therefore water use by the power sector.
Figure 1: Map of WECC Region
The WECC sub-regions we modeled include the Northwest Power Pool (NWPP), Rocky Mountain Power Area (RMPA), Arizona-New Mexico-Southern Nevada Power Area (AZNM), and California (CAL).
About ADICA
ADICA Consulting LLC is an industry leader in providing Smart Market SM business solutions and decision support for energy companies and government agencies worldwide. Our innovative software products, developed in collaboration with Argonne National Laboratory, provide unique and valuable insights that enable our clients to succeed in the energy marketplace.
About Argonne
Argonne is one of U.S. Department of Energy’s largest research centers, with nearly 3000 employees. The laboratory is recognized for its excellence in connecting basic research to innovative technology. Argonne’s annual operating budget of about $500 million supports research in the areas of basic science, energy resources, environmental management, and homeland security.
About EMCAS
The Electricity Market Complex Adaptive System (EMCAS) software uses an innovative agent-based complex adaptive system approach to more accurately model the behavior of market participants. The software provides unique and valuable insights for Generation Investment Planning, Bid Strategy Development, Merger Analysis and Market Monitoring & Mitigation.
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