POWER MATCHING Solution FOR SYSTEM OPERATORS

Optimize your energy and capacity markets

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

 

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Power Matching Solution illustration

Integrated energy
market optimization

N-SIDE's Power Matching solution 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 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.

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

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Capacity and balancing market

Capacity markets can be optimized using Power Matching. 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.

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Local energy market

The high penetration of renewable energy sources may result in increased congestion and voltage issues. The N-SIDE Power Matching solution 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.

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Economic dispatch

Power Matching 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

Power Matching is integrated into new or existing system operations, offering robust power
matching capabilities for system and network operators, including TSOs, DSOs, and ISOs.

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Inputs

Power Matching 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.

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Algorithm

Power Matching 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.

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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

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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.

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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

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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.

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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

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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.

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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

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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.

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“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

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Optimal

Power Matching efficiently optimizes your market, relying on state-of-the-art technologies to return optimal quantities and market prices.

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Fast

Power Matching 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 12 minutes.

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Adjustable

Power Matching can be easily adjusted to meet your most complex requirements related to order type, network model, and pricing scheme.

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Transparent

Power Matching efficiently optimizes your market, relying on state-of-the-art technologies to return optimal quantities and market prices.

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Integrated

Power Matching can easily be integrated within your environment via REST API, either on-premise or in the cloud.

Proven solutions

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    4 TWh daily volume traded
  • budget orange icon
    200M€ transaction value traded
  • person green icon
    1.8 billion people served
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    12 minutes resolution time

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Featured resources

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Request info about working with N-SIDE

Contact us to learn how our services can help you overcome energy-related challenges.

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