Independent Systems Operators
ISOs face specific challenges around Integrating Renewable resources, empowering consumers and leveraging smart grid technologies.
ISOs are analyzing broader regional markets and Interregional planning, and looking into a world that is facing higher peak electricity demands, changes in the portfolio of power resources and the recent emergence of distributed energy resources.
Nexant iHedge is the leading energy market software deployed at New York ISO, Midwest ISO, California ISO, Electric Reliability Council Of Texas, Southwest Power Pool and New Zealand.
The iHedge platform consists of:
- iHedge FTR Market System - an integrated system provides all required functions to run a FTR market efficiently. It features an open and flexible architecture that allows for future enhancements reflecting the continuous evolution of FTR markets. All FTR markets share a common platform, with specific market rules configured within the calculation engines and user interfaces.
- iHedge Day Ahead Market Simulator - a production simulation software application used for real-time to mid-term commitment and dispatch of generation units. It optimizes dispatch into wholesale energy markets by taking into consideration detailed generating unit characteristics, existing and planned transmission security constraints, fuel costs and allocation limits and emissions allowances.
- iHedge FTR Market Simulator - a software tool for market participants who desire to hedge congestion management through FTR allocations and auctions. It can be used by market participants across all FTR markets for preparing immediate (next auction) bids, strategizing for longer term bids, auditing awards, and conducting energy and transmission provider planning.
Nexant is recognized as one of the world's leading consulting and technology solutions providers to the energy industry. With expertise in the areas of transmission planning, operations, generation planning, and congestion management, Nexant is one of the few organizations with the capacity and experience to work alongside our customers as partners on every aspect of the industry's transmission planning processes.