Energy Market Modelling Service Sheet
National Electricity Market (NEM)
-
January 03, 2024
DownloadsDownload Service Sheet -
FTI Consulting’s energy market model is a dispatch optimisation software based on a detailed representation of market supply and demand fundamentals. Reporting at a half-hour granularity helps businesses confidently make decisions, supported by detailed quantitative and qualitative analysis.
Running on the commercial modelling platform PLEXOS®, FTI Consulting’s NEM-Lab covers all jurisdictions across the National Electricity Market (“NEM”) in Australia, utilising data and assumptions constructed by FTI Consulting and Compass Lexecon Energy.
PLEXOS® accounts for various characteristics, including:
- Power plant characteristics
- Minimum generation levels
- Variable OPEX
- Realistic bidding patterns by generators
- Market-driven basis for the endogenous building of new capacity
- Transmission and interconnectors
- Unit-commitment plant constraints.
Our Difference
Our energy team uses AEMO’s Integrated System Plan (“ISP”) as a neutral starting point before augmenting inputs and assumptions with our own market intelligence and commercial insights. This ensures our clients receive strong technical, economic, market and commercial advice.
Related Insights
Published
January 03, 2024
Key Contacts
Senior Managing Director
Managing Director
Director
Consultant