Energy Exemplar Pty has been selected by Tohoku Electric Power Company as a supplier to optimize supply and demand. Energy Exemplar is pleased to announce that it has adopted PLEXOS, an optimization system provided by Energy Exemplar, as a support tool.
“PLEXOS is a software that can perform optimization of the entire energy system including electricity, gas, and their markets in a single integrated process. The software reproduces the characteristics and behavior of actual power and gas systems and finds the best solution from a variety of options through mathematical optimization.” Michihito Watanabe, Deputy General Manager, Business Strategy Department, Power Generation Company, Tohoku Electric Power Co.
“Tohoku Electric is working to optimize the value chain from fuel to power generation, sales, and trading, and to maximize profits in light of intense trends in the electricity and fuel markets. Since our portfolio of fuel contracts and power generation facilities covers a wide range of areas, it is essential to share data from each department, including thermal power generation, fuel procurement, and trading, as well as supply-demand planning, to conduct this analysis.
The Power Generation Company of Tohoku believes that the use of optimization support tools is effective in strengthening optimization functions and quickly pursuing the overall optimal solution.
PLEXOS is an optimization system that has been widely used and developed in the energy industry for more than 20 years, since the deregulation of electricity in Europe and the U.S. PLEXOS can perform optimization by adding fuel and market factors in addition to the conventional electricity supply and demand simulation. PLEXOS enables us to quickly analyze scenarios, assess risks and quantify transactions according to the situation, from the electricity supply and demand planning, power generation planning, fuel trading, and market trading, and to provide powerful support for our company’s optimization planning. We look forward to working with them.” Yuki Abe, Specialty Leader, Business Strategy Department, Power Generation Company, Tohoku Electric Power Co.
Stuart Kelly, Senior Vice President, Energy Exemplar: “With the progress of electricity deregulation in Japan, the time available for making transactional decisions is becoming less and less as electricity and fuels are increasingly marketed. We’re thrilled to partner with Tohoku to utilize PLEXOS to enable a speedy grasp of the entire value chain and reduce the number of missed opportunities for transactions,”
