What is UPLAN?
The UPLAN Advanced Clearing Engine (UPLAN-ACE) is engineered to enhance day-ahead market operations in accordance with established protocols from operators, while also carrying out real-time economic dispatch in 5-minute intervals during every operational hour. This cutting-edge system effectively combines day-ahead generation offers with real-time demand bids to refine the provision of energy and ancillary services for both hourly operations and 5-minute dispatches. A notable feature of UPLAN-ACE is its proficiency in modeling the unpredictable and fluctuating characteristics of new technologies, such as batteries, flywheels, and other rapid-response systems. Additionally, the Real-Time Model (RTM) not only mirrors the scheduling process for the upcoming hour but also oversees real-time dispatch every 5 minutes, building on the commitment schedules developed in the Day-Ahead Market (DAM) while predicting real-time load needs. With dispatch operations conducted in 5-minute cycles, it includes optimal power flow computations and ultimately produces locational marginal prices (LMPs), imbalance schedules, and updated dispatch information. This all-encompassing methodology guarantees that UPLAN-ACE is capable of responding to the dynamic demands of contemporary energy systems and delivers precise and timely forecasts for market participants, thereby enhancing their decision-making processes. Furthermore, UPLAN-ACE's adaptability positions it as a vital resource in the ongoing evolution of energy markets, ensuring efficiency and reliability in energy distribution.
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Company Facts
Company Name:
LCG Consulting
Company Website:
www.energyonline.com
Product Details
Deployment
SaaS
Training Options
Online Training
Support
Standard Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English
UPLAN Categories and Features
Energy Management Software
Benchmarking
Bill Audit
Bill Database
Bill Importing
Budgeting & Forecasting
Compliance Management
Contract Management
Cost / Use Reporting
Emissions Monitoring
Energy Price Analysis
Facility Scheduling
Greenhouse Gas Tracking
Load Control
Load Forecasting
Meter Tracking
Risk Management
Weather Normalization