Energy Market Modelling Service Sheet
National Electricity Market (NEM)
January 03, 2024DownloadsDownload 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 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.