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Enron Mail |
AURORA has recently released Version 6.0. I have attached a PDF that
explains AURORA's new feature. I have also included below a copy of our latest press release. For any additional questions that you may have please contact me. Regards, Joseph A. Smith EPIS Inc. Phone: 503-722-2023 Ext. 211 Fax: 503-722-7130 www.epis.com <<What's new - Version 6 Information.pdf<< EPIS Announces North American Electricity Market Software and Database for Forecasting Wholesale Electricity Prices AURORATM V6 Electric Market Model, proven leading-edge software package, released with ready-to-use data for all the reliability regions in North America to forecast wholesale electricity market prices. AURORA delivers the speed for forecasting market prices and modeling uncertainty using multi-driver Monte Carlo simulations including random resource outages with random frequency and duration. PORTLAND, Oregon-December 4, 2001-EPIS, Inc., developer of pace-setting software for the electric-power industry, today announced the release of the North American Electricity Market Database and Version 6 of its market modeling software, AURORA*. Already the fastest tool of its kind, AURORA delivers the critical dispatch speed for risk analysis--modeling uncertainty using multi-driver Monte Carlo simulations. This swiftness, coupled with market-simulated capacity-expansion logic, frees up time for the model to consider more resource options in producing revenue forecasts for asset valuations. AURORA and its North American electric market database simulate electricity imports and exports to produce price forecasts for market areas and trading hubs. New Version 6 features include simulating random resource outages and expressing inputs and outputs in international units of choice. AURORA models random forced outages for resources and the random frequency and duration of resource outages. This new outage approach allows units to fail or return to service at any time during the simulation. AURORA input and output may be in any currency, or any unit for expression of fuel heat content, heat rate heat content and emission quantity. The newly released database greatly reduces the research and data collection time to produce accurate electric market price forecasts for all the reliability regions in the United States and Canada. "Delivery of ready-to-use energy data for all the markets in North America is unique to the AURORA electric market model. We are putting powerful forecasting capability into the hands of energy professionals, dramatically increasing their understanding of forces behind electricity prices," said Warren H. Winter, EPIS President. Resource developers use AURORA to determine the value of existing- and future-generation units. They also use AURORA to understand the underlying drivers of the forecasts--invaluable information for power marketers and resource developers and planners. Energy traders use AURORA to forecast hourly, on-peak and off-peak electric prices for trading hubs. AURORA gives them immediate access to the resource dispatch stacks and electricity price forecasts of day and forward trading. Also, gas traders use AURORA to forecast gas demand from electric generation for gas trading. A Windows-based model, AURORA runs on Pentium class computers under Windows XP/2000/NT 4.0/ME/and /98/. Complete electricity pricing results are available in a matter of seconds or minutes, rather than hours or days, and do not require lengthy set-up or run times. AURORA V6 is being delivered to current customers of EPIS, including major North American electric-energy providers, utilities, consultants, and agency and planning groups. For more information about AURORA contact EPIS at (503) 722-2023 or visit www.epis.com. EPIS, Inc., based in Portland, Oregon, provides information on electric-energy prices and market value by applying fundamental economic principles to the emerging competitive energy market. The company is the developer of the AURORA electric market model, uses AURORA to produce market forecasts, and supports clients who use AURORA to forecast and analyze the energy marketplace.
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