Vienna, January 15th 2018. Iberdrola S.A. is now using VisoTech’s Periotheus Software Suite for parts of their processes. Alongside the autoTRADER, the leading solution for fully-automated power spot trading, Iberdrola will also be using VisoTech’s Schedule Management. This marks the entrance of one of the five largest energy suppliers in the world into automated intraday operations on the EPEX SPOT. The autoTRADER will help to efficiently market the power portfolio of the company in Germany.
“As the global market leader in producing wind energy, short-term hedging plays a very important role for us. The autoTRADER allows us to efficiently market our wind farms on the power spot market. The combination with the Schedule Management allows us to go one step further,” says Jorge Palomar, Head of Operations Europe. “A key aspect in our decision was the fact that VisoTech’s autoTRADER is a mature solution which is already proven on the market and is used successfully by a number of other energy companies. The solution supports us to operate on the short-term market fully automatically – without losing the control of the operations – from breaking down an open position, closing on the exchange, right up to processing schedules. Together with the short implementation time, this was the decisive factor in awarding this project to VisoTech.”
Jürgen Mayerhofer, managing director at VisoTech: “The intraday market for power is consistently gaining in importance. Equally, the demand for efficient and, in particular, reliable tools is increasing. Our autoTRADER trades on the market according to predefined algorithms and automatically takes countless factors such as restrictions and limits into account. It will help Iberdrola to be able to exploit the full market potential of short-term trading.”
Renewable energies are changing the intraday market
Thanks to quick reaction times, intraday trading in the direct marketing of renewable energies has in the meantime assumed a key role. Therefore, power plant operators can react at short notice if, for example, a weather forecast changes and causes a non-scheduled over or underproduction from wind turbines.
Periotheus autoTRADER and Schedule Management
As part of the Periotheus Suite, VisoTech’s autoTRADER is a high-performance trading system for fully automated intraday power trading on European markets. It takes all important influencing factors into account (production, weather, consumption, physical limitations such as load ramps for power plants, limits etc.). The autoTRADER has been tested in practice and displays its strength both in supporting manual trading as well as in fully automated operation. This enables energy companies to react quickly to volatile power production or demand. Power plant complexes and energy storage systems can be marketed optimally on power exchanges such as EPEX SPOT and Nord Pool and open customer positions can be covered as efficiently as possible according to your specifications. In turn the Schedule Management supports you in all aspects of schedule management, beginning with the acquisition of business data and its aggregation, up to balancing and the nomination of transports with network operators (TSO).
© Yauhen Suslo / Fotolia
Iberdrola is the world’s largest wind energy producer and has the world’s largest renewables asset base with 28,270 MW of total renewable energy installed capacity, including onshore and offshore wind, hydro and solar. The company produces and provides energy to over 110 million people around the world. Over the past 15 years, it has anticipated the energy transition to face the challenges of climate change and the need for clean electricity by embracing digitalization, decentralization and building smart networks in all its key markets.
With total investment of round 1.4 billion euros, Wikinger is a fully-commissioned, 350-MW offshore wind farm operated by Iberdrola in the German Baltic Sea. Located North-East of Rügen Island, it comprises 70 AD 5-135 turbines – enough to meet the equivalent annual electricity demands of approximately 350,000 homes. This represents more than 20% of the energy demand in Mecklenburg-Western Pomerania, the region where the wind farm is located.