Solid Market Fundamentals
Aurora is price forecasting and analysis software based on the fundamentals of the competitive electric market.
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Aurora applies economic principles and dispatch simulation to model the relationships of supply, transmission, and demand for electric energy to forecast market prices.
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The operation of existing and future resources are based on forecasts of key fundamental drivers such as demand, fuel prices, hydro conditions, and operating characteristics of new resources.
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Genetic algorithms are used in core dispatch, unit-commitment, pool pricing logic, and in the long-term capacity expansion capability. These algorithms simulate the non-linear electrical system and how resources such as hydro, supply-side and demand-side operate to serve load. Multiple electricity markets, zones, hubs and operating pools can be modeled. See Simulation Logic for more information.
Aurora Features
Solid Market Fundamentals
