Renewable Portfolio Management

What is Renewable Portfolio Management?

Renewable Portfolio Management accurately forecasts the output of renewable assets, formulates and communicates the resulting schedules to the market, and efficiently settles and bills for associated contracts and transactions.

Forecast energy Utilizes manufacturer capacity functions, along with neural network and/or statistical forecasting models to generate forecasts of wind & solar resources. Assets can be rolled up into Virtual Power Plants to provide portfolio level forecasts.

Market communications Submits forecasted generation to the market and receives day-ahead prices, real-time prices, and delivered volumes.

Submit bids / schedules, and receive market prices

Forecast generation output

Settle complex contracts and transactions

Energy accounting Sophisticated settlements engine models complex calculations and utilizes volume and pricing data to calculate invoices for complex energy contracts such as Power Purchase Agreements or Feed-in-Tariffs. Estimates, or shadows, market-based transactions.

Report on financial & regulatory performance

Reporting Provides a variety of standard reports with drill down capabilities, including:

• Renewable Energy Credits

• Forecasted vs. Actual Generation

• Performance vs. Targets / Obligations

• Financial Performance of Assets

• Portfolio Performance

• Accounts for the unique constraints of renewable assets when forecasting energy

• Models the complex calculations associated with renewable contracts and transactions

• Has the data model and integration required to capture and maintain the detailed level of data required for actualization and settlements.

Key Features

Why do you need Renewable Portfolio

Management?

Challenges facing Renewables

Lack of visibility Geographical diversity, resource aggregation, joint asset ownership, and the unbundling of physical energy and RECs make position reporting a multi-dimensional nightmare. Inadequate tools Traditional energy forecasting, trading and accounting tools do not account for the unique constraints of renewable energy, forcing companies to shoehorn these assets and contracts into ETRM systems, which are not designed to handle the complexities of renewables, or utilize spreadsheet-based processes, which are inefficient, lack auditability and are expensive to operate and maintain.

Challenges facing Renewables

Inaccurate forecasting Variable weather data, along with the constraints of renewable assets, makes forecasting a resource intensive, error-prone process, further complicated as the number of individual units grows. Complex energy contracts Complex calculations associated with renewable contracts and transactions, along with intermittent output, make energy accounting difficult and time consuming.

How can Renewable Portfolio Management

help you?

• Improved planning & decision making

• More accurate billing & increased revenue

• Limited risk exposure

• Increased efficiency

• Efficiently meet changing market conditions

• Lower cost of ownership

• Better insight into the operational and financial performance of renewable asset investments

Key Benefits

Ventyx Renewable Portfolio Management is a comprehensive solution that accounts for the unique constraints of renewable assets to accurately forecast output, formulate and communicate schedules to the market based on those forecasts, and accurately settle and bill for market transactions and complex power purchase agreements. Companies that manage renewable energy can avoid leaving millions on the table and wasting money on inefficient operations, because the solution is designed to handle the intermittent nature of renewable energy, and ease the processes of forecasting, position management and settlements.

Want more?

Contact a Ventyx expert for more information.

Request a Demo»

Follow us:

Thank You!