BelVis OPTRIS upgrades the BelVis portfolio management facility by adding capacity for procurement optimisation and the breakdown of residual capacities into products which can be traded on the energy exchange. It enables load profiles to be automatically populated with standard products irrespective of volume, regardless of cost, or at minimal cost. BelVis OPTRIS assesses customer load profiles in terms of prices and products and issues purchasing recommendations for the outstanding items of a portfolio.
Optimisation in a three-pack
In addition to the standard BelVis PFM, BelVis OPTRIS offers three different algorithm-based methods of optimisation to influence strategy when manually populating load profiles.
Volume-neutral (MWh)
This method populates the selected load profile with standard products (BASE and PEAK) such that the remaining short and long positions balance each other out in terms of quantity, i.e. the optimisation is based on the MWh values.
Cost-Neutral (€/MWh)
This method populates the selected load profile with standard products (BASE and PEAK) such that the remaining short and long positions balance each other out in terms of cost. The short and long amounts are assessed against the selected HPFC and the resulting total in €/MWh should be omitted immediately for the short and long amounts.
The advantage of this method is that it factors in the timing of the outstanding position. An outstanding position at PEAK time would therefore be rated higher than the same amount at OFF-PEAK time.
Cost-Minimized (€)
This method populates the selected load profile with standard products (BASE and PEAK) such that the total costs are minimised for this load profile. Not only are the short and long amounts valued by the selected HPFC, but the selected standard products are also valued using the resulting product prices. This results in an optimum purchasing strategy for the current pricing situation.
Load profile data extrapolation for annual load forecasts
BelVis OPTRIS belongs to those modules of the BelVis family which access algorithm libraries for highly complex operations.
The optimisation methods provided by BelVis OPTRIS are based on the “linear programming”, “interior points” and “genetically controlled co-evolutionary agents” methods to provide the right basis for every planning interval. All methods were developed by KISTERS and are constantly updated to the latest level of technical understanding to optimise customer business processes.
