Power Market Consulting Chooses Quantrix 64 for Congestion Revenue Rights Decision Support System
Model developed using the 64-bit version of Quantrix contains more than 80 million data points to value transmission rights and analyze portfolio values of power contracts using multiple sets of electricity price forecasts
Power Market Consulting's model helps its clients estimate future energy delivery costs from power purchase/sales agreements and develop strategies as to which transmission rights to acquire and how much they should bid to purchase them. It has used the 32-bit version of Quantrix Modeler technology for more than two years, and was one of the first to adopt the new 64-bit version. Because energy delivery costs are determined by a number of factors, including the time of day and locations of injection and takeout points (approximately 1,000 points and areas), Power Market Consulting needed technology that could accommodate more than 80 million data points and deliver the analysis to clients in a clear and effective manner.
Bob Fei has been named President of Life Cycle Engineering (LCE). He is responsible for day-to-day operations of the company, based in Charleston, S.C. The newly-created role of President is a result of strong company growth driving the need for a new organizational structure that supports the LCE priorities of employee engagement, high quality services for the company's clients, and continued company growth.