SOURCE: Global Energy Decisions

July 14, 2005 08:10 ET

Global Energy Decisions and PowerWorld Expand Alliance

Provides Electric Industry's Leading Locational Marginal Pricing Solution for FTR Valuation and Nodal Price Forecasting

BOULDER, CO and CHAMPAIGN, IL -- (MARKET WIRE) -- July 14, 2005 -- Global Energy Decisions, Inc. (Global Energy) and PowerWorld Corporation announced an expanded alliance whereby Global Energy will become a PowerWorld reseller partner. Since 2001, the companies have offered a joint software solution combining PowerWorld's Simulator OPF™ and Global Energy's Market Analytics LMP for use in nodal-level Locational Marginal Price (LMP) forecasting, FTR valuation, transmission congestion and generation dispatch analysis for the emerging ISO/RTO markets.

"Global Energy has done the hard work required to bring an LMP solution to market, including engineering a solution to our specification and developing the necessary LMP data sets," said Mark Laufenberg, PowerWorld CEO. "Together, we've succeeded at putting many clients into daily production use of our combined solution."

"We're delighted to strengthen our four year old relationship with PowerWorld in order to continue bringing best in class nodal market analytics to companies operating in competitive electricity markets," said Ron McMahan, Global Energy CEO. "Our latest work represents a breakthrough in automatic congestion relief. In addition, our unique ability to switch between AC and DC operating modes allows analysts to study both the economic and the reliability impacts of new and existing transmission."

Global Energy's EnerPrise Market Analytics module is powered by the PROSYM™ simulation engine, the industry leading solution currently in use by over 150 companies worldwide. Advanced market analytics capabilities are provided by fully modeling, on an hourly or sub-hourly chronological basis, the operational constraints that impact proper unit commitment. The module provides zonal-level economic dispatch, including weekly and seasonal dispatch of resources such as peak-shave hydro and pumped storage hydro. The module also supports the management of input data and results data across the package of models provided by both companies.

PowerWorld's Simulator OPF™ (Optimal Power Flow) provides simulation of high voltage power system operations, giving analysts a comprehensive view of issues surrounding electric power flows in a transmission grid. The OPF capability provides analysis for the optimal dispatch of generation in an area or group of areas while enforcing the transmission line and interface limits. Simulator OPF can calculate locational marginal price (LMP) while taking into account system congestion, and is one of the only products which allows these analyses to be performed in either an AC or DC mode.

The combined Global Energy and PowerWorld products provide the industry's most comprehensive solution for nodal market price analysis and economic-based transmission assessment and planning.

About Global Energy Decisions, Inc. and PowerWorld Corporation

Global Energy provides energy organizations with solutions based on a common framework of software applications, energy markets data and advisory services to enable energy professionals to forecast electricity pricing and demand, conduct resource planning, perform strategic studies and competitor analysis, manage risk, trade energy and schedule delivery and optimize generation performance.

PowerWorld is an innovator and an industry leader, offering products that make power system analysis ever more powerful and efficient. PowerWorld's flagship product, Simulator, is an interactive power simulation package designed to simulate high voltage power system operation. PowerWorld's real-time visualization product, Retriever, provides customers with real-time data visualization and analysis of the electric grid.

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