When building an asset, you need a way to forecast the average locational marginal price (LMP) and the factors that influence it, such as congestion and curtailment. You also want to understand basis differentials between resources and delivery points.
That’s where EnCompass comes in.
Besides knowing what projects are coming on or offline near your proposed project, you can gather even more insights into siting, sizing, and the financial viability or ROI of renewable assets using EnCompass software.
EnCompass easily calculates the basis report between two locations on the grid. This allows you to quickly evaluate potential profit if you site a project at a particular bus – to see which buses to pursue or avoid.
EnCompass also has power-flow analysis capabilities, which allow you to calculate shift factors for the base case and outage case conditions and determine the line outage distribution factor (LODF). Plus, you can see transmission element flow impacts for any source and sink pair. This information helps you evaluate and understand risks when you’re siting in a certain location.
In addition, EnCompass has embedded grid computing to help you automatically queue your simulations and submit them to run when cores become available on the application server. You don’t need to license third-party software.
Other key features include:
If you’re planning to develop an asset, you need as much information as possible. Rather than manually search for proposed projects and retirements in an area to select a generation site, you can conduct multiple simulations to forecast a variety of scenarios. The results will help guide you to understand and mitigate potential risks, as well as value and support financing of those assets.
Want to see the tools in action? Request a demo from our experts.