18
May , 2012
Friday

written by Commodity Point

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CTRM Blog

Optimizing assets across the portfolio to increase profits and cut costs is a critical topic in trading, risk management, and logistics departments across energy companies. This white paper takes a closer look at challenges facing energy commodities today and provides essential guidance to take hedging and risk management to the next level.
OpenLink
London Conference 29th & 30th May - The CTRM Technical Conference Series is at the Cumberland hotel, London for a two day conference based around important technical issues in the commodity trading and risk management business function including; CTRM Software, Risk Management Software, Data Management and more. The conference is taking place ...
london-conference
Paragon Consulting Corporation is a leading provider of Credit Risk Management Software to participants in the competitive energy markets throughout North America. Its flagship product Vanguard allows credit risk professionals to employ up to the minute decision making while utilizing integral counterparty, agreement, exposure, collateral, and advanced credit analytics.
vanguard
Morningstar provides superior quality market data and analytical products for energy data management systems, financial and agricultural data management, historical analysis, trading, risk management and forecasting. Founded in 1988, and now a subsidiary of the investment research powerhouse, Morningstar is the global leader in providing software to perform sophisticated historical equity, ...
morningstar
CommodityPoint was created to help to bring focus and clarity to the broad array of issues surrounding the wholesale trading of commodities. Our team provides expert analysis of market trends and, in particular, the technologies and applications supporting those that participate in regional or global commodity markets. CommodityPoint is the foremost analyst firm ...
commodity-point

News – Ventyx Launches Network Manager DMS v5.3

Posted by Gary M. Vasey On December - 5 - 2011

Ventyx Launches Network Managerâ„¢ DMS v5.3 with Model-Based Volt/VAR Optimization

Enhancements to Industry-Leading Platform for Smart Grid Distribution Operations Further Increase Efficiency and Reduce Demand

ATLANTA, December 5, 2011 - Ventyx, an ABB company, today announced the availability of model-based volt/VAR optimization (VVO) as a commercially available application in the newest release of Ventyx Network Managerâ„¢ DMS (distribution management system). The new functionality will enable users to improve the efficiency and reliability of distribution systems, reducing demand and environmental impact.

Network Manager DMS is a world-leading application for distribution management, providing monitoring and control, network analysis and outage management in a single, integrated utility software platform. Release 5.3 of the application provides a platform for power distributors’ smart grid operations. Model-based volt/VAR optimization combines advanced sensing, capacitor and voltage regulator controllers, two-way communications, geographic information system (GIS) modeling and mathematical optimization capabilities to improve efficiency and reliability.

“Network Manager DMS 5.3 delivers true, model-based VVO,” said Oscar Tillberg, Vice President and General Manager of Ventyx Distribution Operations Solutions. “It is the new way of controlling voltage and reactive power on distribution systems, and it is a significant technological advancement compared to local and script-based centralized controls.

“There is a strong business case for investing in VVO. As the distribution network changes, the model is changed dynamically to ensure that optimal conditions prevail. The resulting reductions in peak demand bring considerable savings, with no impact on the end customer.”

Model-based VVO utilizes a dynamic operating model of the distribution system, along with a mathematical optimization algorithm, to optimize the performance of the distribution system with a given operating objective. The basis of the dynamic operating model of the distribution system is typically the distribution connectivity model as found in a distribution organization’s GIS. The model is adjusted in the utility’s control room, either by operators or via an interface to the network’s SCADA (supervisory control and data acquisition) system, which transmits changes in the status of system components.

Oklahoma Gas & Electric (OG&E) is in the process of implementing the new VVO application as a key initiative in their smart grid plan. The objective is to reduce peak demand by approximately 75 MW within the next eight years by adopting volt/VAR on 400 circuits. In 2010, OG&E tested VVO on four circuits and observed that the peak demand reduction was between 0.8-2.4 percent.

Ventyx has long been the global leader in supplying real-time systems that electric organizations use to manage and optimize power system operations. In the future, Network Manager’s DMS 5.3 platform with the VVO application will assist with the integration of renewable generation, such as photovoltaic, on distribution systems. Click here for more information about model-based VVO.

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CommodityPoint was created to help to bring focus and clarity to the broad array of issues surrounding the wholesale trading of commodities. Our team provides expert analysis of market trends and, in particular, the technologies and applications supporting those that participate in regional or global commodity markets.

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