POWER MATCHING Algorithm FOR SYSTEM OPERATORS

Optimize your energy and capacity markets

N-SIDE Power Matching Algorithm for energy system and network operators is a robust market clearing algorithm optimizing supply and demand matching in a closed-gate auction fashion.

CONTACT US

Power Matching Solution illustration

Integrated energy
market optimization

N-SIDE Power Matching Algorithm is an auction optimization product that can be integrated within new or existing system operations. The algorithm is able to integrate a wide range of requirements, from local to transmission grids and from simple to more complex orders, including block bids.

This market-clearing solution matches supply and demand bids in a closed-gate fashion, considering potential congestion within the network, with the objective of maximizing social welfare or minimizing activation costs. The algorithm returns market clearing prices and volumes for each time period and geographical area.

The solution is used for operational applications as well as offline simulations and studies. The solution offers a wide range of applications for system operators, including:

balance icon

Capacity and balancing market

Capacity markets can be optimized using N-SIDE Power Matching Algorithm. The system operator acts as a single buyer and suppliers submit bids representing their balancing or long-term capacity offer. Grid constraints can also be integrated into the optimization algorithm.

local energy icon

Local energy market

The high penetration of renewable energy sources may result in increased congestion and voltage issues. The N-SIDE Power Matching Algorithm can be integrated into a local energy market platform to enable more resources to actively participate in grid management. A closed-gate auction mechanism is used to leverage distribution and transmission flexibility services in a coordinated and secure manner.

chart cost blue icon-1

Economic dispatch

It includes a module dedicated to minimizing the total activation costs of generation or flexibility services through a centralized unit commitment. Technical aspects such as transmission constraints and system maintenance are taken into consideration.

HOW IT WORKS

Advanced electricity
supply-demand matching

Group 9

Inputs

N-SIDE Power Matching Algorithm takes the order books (single bids, block orders, etc.), network data (topology, ATC, PTDF, losses, ramping, etc.) and market rules (pay-as-clear, tiebreak, etc.), and matches supply and demand in the most optimal way, while respecting various constraints.

Power matching Algorithm IMG

Algorithm

The solution is able to cope with a large number of binary variables. This is done by integrating cutting-edge optimization techniques (mixed-integer linear and quadratic programming) into a robust algorithm relying on a high-quality mathematical solver, boosted with side heuristics.

Power matching outputs img

Outputs

The algorithm outputs market prices, activated volumes, allocated capacities, congestion rents and other relevant metrics. This optimization can also couple multiple periods (e.g. 96 quarter-hours) and order books from multiple markets.

Production
services

production plan IMG@2x

Production planning optimization

N-SIDE experts can help you optimize all steps of manufacturing and drug flow (e.g. quantities, timing, allocation) across the clinical supply chain, from formulation to packaging and beyond.

Adapt your manufacturing to real-time events, manage risks, and plan up to 10 years out. If you have scarce resources, a complex manufacturing network, or a large amount of products, this service delivers valuable visibility, control, and waste reduction.

image@2x-Jun-08-2021-07-48-50-84-AM

Strategic manufacturing
decisions optimization

Many important decisions need to be made in R&D manufacturing/CMC. Outsourced or in-house manufacturing? Which network should I use? What’s the optimal stability plan? What’s the best way to handle scale-up to Phase 3 and the transition to commercial?

N-SIDE clinical manufacturing specialists will use our software to optimize the most important strategic decisions for your program, delivering important cost savings and waste reduction.

End-to-end
services

gantt

Change management

Transitioning to a digital, data-driven clinical supply chain requires more than technology; it demands adaptation throughout the business.

N-SIDE experts will support your change management journey, starting with a clear vision associated with measurable added value for R&D efficiency.

Keeping this purpose in mind, N-SIDE will help your teams take advantage of advanced analytics to become a truly data-driven organization.

image@2x-Jun-08-2021-08-31-34-18-AM

End-to-end program optimization

By optimizing manufacturing for the entire clinical program and optimizing supply for each individual trial, we can typically free up to 50% of the initially planned quantities and accelerate time to commercialization by 2-6 months.

We accomplish this by reducing drug needs at the trial level and limiting manufacturing waste. That enables us to either cancel production lots and re-allocate the resources to new programs, or to re-invest that drug into increased sites and recruitment speed.

N-SIDE Suite
support services

hand icon
IMPLEMENTATION
SUPPORT

Implementing the Supply App, Production App, or the entire N-SIDE Suite?

Implementation support needs differ depending on your project and internal resources. N-SIDE provides tailor-made implementation and change management services to help you realign your processes and reduce time to value.

training green
TRAINING

N-SIDE offers comprehensive training to onboard your team to our tools and technologies. There are different training tracks for the different roles that will interact with the N-SIDE Suite.

Training sessions are led by N-SIDE experts who bring different concepts to life through hands-on exercises and explanations of case studies.

Discover all training options in our training catalogue

communicate blue icon-1
COACHING

In addition to structured training sessions, N-SIDE experts are also available for one-on-one coaching.
Use this time to ask specific questions about N-SIDE software and apply what you learned in training to your own projects.

centrica logo

“The Cornwall Local Energy Market project would not have been such a success without the strong expertise in energy market design and optimisation from N-SIDE. The capability of the team to bring innovative concepts while focusing on delivery was key, as well as the trust relationship between the project partners.“

Nicolas Metivier Head of LEM Platform, Centrica

Benefits

orange_thumbs_up
Optimal

Optimizes your market, relying on state-of-the-art technologies to return optimal quantities and market prices.

run icon
Fast

Enables fast resolution of complex auctions, enabling market growth. In Europe, where the technology is used with very large datasets (i.e. all EU day-ahead), resolution time does not exceed 17 minutes.

plan blue icon
Adjustable

Adjusts to meet your most complex requirements related to order type, network model, and pricing scheme.

magnify setting icon
Transparent

Optimizes your market, relying on state-of-the-art technologies to return optimal quantities and market prices.

setting 2 cogs icon
Integrated

Integrates within your environment via REST API, either on-premise or in the cloud.

Proven solutions

hands pink icon

4 TWh daily volume traded

budget orange icon

200M€ transaction value traded

person green icon

1.8 billion people served

time blue icon-1

17 minutes resolution time

Explore more solutions for system operators.

View all products and services

Related Services

match-integrate-support

Match-integrate-support

Our match-integrate-support service is a step-by-step approach to facilitate the gradual adoption of our software products while mitigating risk within your organization.

learn more
img

Market design

These services range from state-of-the-art market and algorithm modeling and analysis to quantitative simulations and cover both long-term and short-term markets for capacity, energy, and balancing.

learn more
img copy

Co-creation

With our co-creation approach, we tackle new challenges together with our clients by applying cutting-edge techniques from the extensive N-SIDE analytics toolbox.

learn more

Featured resources

White-Paper_thumbnail
Article

Capacity Remuneration Mechanism

System operators are facing a risk of future scarcity issues of the electricity supply. Part of the solution to this structural change lies in long term capacity markets (LTCMs). Learn more about how N-SIDE supports LTCMs.

Read now
Case-study_thumbnail
Case study

New Project with Statnett: Detailed Simulations for alternative balancing solutions

N-SIDE conducted a study with the Norwegian TSO Statnett to identify approaches for managing its balancing activations through MARI while securing its internal grid constraints.

Read case study
Case-study_thumbnail
Case study

Cornwall Local Energy Market: a major flexibility breakthrough

Learn about the groundbreaking Local Energy Market trial in Cornwall, developed in collaboration with Centrica, a major breakthrough on the path to a more flexible and responsive electricity grid.

Read case study
Request Info

Contact the N-SIDE team.

Learn how our products and services can help you overcome energy-related challenges.