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Power Market Simulation Software for an Evolving Field

EnCompass Power Market Simulation Software_IRP Capacity Report

Power Market Simulation Software for an Evolving Field

EnCompass is a software solution that helps you produce market price forecasts, analyze generation and transmission development, and make informed decisions in the transitioning power grid. EnCompass comprehensively evaluates new technologies for decarbonization and sustainability while maintaining reliability.

EnCompass is the software of choice for making optimal power supply decisions from short-term scheduling and trading to long-term capital investment. This is the only power market simulation software you need for all facets of power planning and forecasting. It combines power plants and complex contracts’ full operational detail with the ability to simplify and relax constraints for long-term simulations.

EnCompass Solution Sheet

KEY BENEFITS

  • Create multiple scenarios using shared datasets, with scenarios grouped into structured folders that make it easy to set capital projects, outage dates, and initial conditions based on prior simulations.
  • EnCompass software was designed with the analyst in mind, making data setup and reporting simple and intuitive.
  • Perform a full optimization of all resources within a market or utility control center enforcing transmission limits and a complete set of operating costs and real-world constraints.
  • Model outputs have a higher level of resilience because they factor in ancillary services in modeling and decision making.
  • We help our capacity expansion clients set up the software using their own data.

See Our Case Studies

EnCompass Power Market Simulation Software_Environmental Programs Report
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BUILD BETTER MODELS AND MAKE BETTER DECISIONS IN TRANSITIONING MARKETS

Traditional long-term planning models are often overly simplistic and ignore ancillary services, ramp rates, and startup costs. Most short-term models are data-intensive, making it difficult to manage scenarios and uncertainties around prices, demand, and availability. EnCompass overcomes these drawbacks by combining an extensible Time Series data model with performance options for managing runtime and complexity, while always maintaining chronological constraints.

Horizons Advisory LMP

BETTER DATA FOR BETTER MODELS

Leverage the power of precision and reliability with the National Database and EnCompass-Ready Data. Whether you’re looking for a comprehensive set of data for reliable model inputs, or to streamline modeling with pre-solved scenarios, these comprehensive, expertly curated datasets seamlessly integrate with EnCompass, providing detailed insights into market dynamics across North America. From operating parameters for over 13,000 generators to daily fuel prices to environmental compliance, these datasets enable precise forecasting, streamline analysis, and enhance modeling accuracy.  By using accurate, up-to-date data as the foundation for modeling, EnCompass users can make informed decisions with confidence, ensuring they stay ahead of the competition in an ever-evolving energy market.
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FAQ for Our Power Market Simulation Software

What capabilities does EnCompass have?

EnCompass is a comprehensive, integrated power forecasting software that features zonal capacity expansion looking 30+ years into the future, plus nodal market simulation capabilities.

What algorithm does EnCompass use?

EnCompass uses a security-constrained unit commit (SCUC) and security-constrained economic dispatch (SCED) to determine the least-cost solution to meet energy demand. SCUC determines when generators will be online or offline, while SCED determines how much energy is dispatched from online or available resources.

Can EnCompass run zonal and nodal analysis?

Yes, our power market simulation software conducts zonal and nodal analysis.

Can EnCompass perform sub-hourly analysis?

Yes, EnCompass can produce results on an hourly and sub-hourly basis.

Does EnCompass come with data or do I use my data?

We deliver our power market simulation software with data while some of our clients use their data. Our data includes the National Database (NDB) which contains generation, load, fuel, emissions, and cost data for 78 zones across North America. Our data team overlays a powerflow case on the zonal NDB to create our nodal datasets which are available for the Eastern, Western, and ERCOT Interconnections.

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What Our Customers Say

“The team knows their product well and the industry knowledge they bring truly makes them a partner. Anytime we have an issue or suggestion, they have either found a solution or implemented a solution in a version release.”

ACES
EnCompass Customer

What Our Customers Say

“EnCompass has made it far easier to control our carbon footprint by providing visibility and
insights. Because of the constraints and flow gates that enable us to watch what comes into
Colorado, all we do is set the carbon limit and let the model run. We have yet to miss a target.”

Tri-State
EnCompass Customer

MORE INSIGHTS

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How Renewables in CAISO and ERCOT Impact Price Trends
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How Renewables in CAISO and ERCOT Impact Price Trends

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