Objective The project aims at designing and implementing a decision support tool for electricity producers in an open and deregulated electric power market.The system will exploit innovative modelling and algorithmic approaches and electronic commerce schemes to address the following problems:1. Allocation of bilateral energy sales contracts over time.2. Calculating the future expected water value, taking energy substitution into account.3. Solving the unit commitment problem for a disaggregated system.4. Energy bidding (price and quantity) in the electricity spot markets.The OMEGA project aims at the development of concepts and tools for virtual marketplace and business communities. The result of OMEGA can be seen as a package tool supporting new business models and new types of trading for electricity producers on liberalised energy markets and will enable European power producers to be competitive partners in future electronic commerce based electricity trading environments.Objectives:The project aims at designing and implementing a decision support tool for electricity producers in an open and deregulated electric power market.The system will exploit innovative modelling and algorithmic approaches and electronic commerce schemes to address the following problems:1. Allocation of bilateral energy sales contracts over time.2. Calculating the future expected water value, taking energy substitution into account.3. Solving the unit commitment problem for a disaggregated system.4. Energy bidding (price and quantity) in the electricity spot markets.The OMEGA project aims at the development of concepts and tools for virtual marketplace and business communities. The result of OMEGA can be seen as a package tool supporting new business models and new types of trading for electricity producers on liberalised energy markets and will enable European power producers to be competitive partners in future electronic commerce based electricity trading environments.Work description:The work will be structured as follows:- Problem specification: Model definitions for the electricity generation systems and for the open deregulated market.- Data collection and scenario generation for the Italian, Portuguese and Spanish energy networks and markets.- Software engineering: Product specifications, architectural design and definitions of formats for electronic commerce.- Design of the integrated applications and the related software: Prototype system development, including development of algorithms for the four major subproblems; subsystems integration and interfacing for utilisation in electronic commerce.- OMEGA system validation on real energy networks and markets.- Preparation of the consortium's exploitation plan; Dissemination and awareness; OMEGA tutorial.The overall challenge is to design and develop an efficient software system integrating electronic commerce capabilities and decision support functionalities based on different, advanced techniques such as Artificial Neural Networks, Stochastic Programming and Non-linear Programming with Mixed 0-1 variables. The system should eventually be able to solve large real-size problems with sufficient model realism, such as networks including up to 100 thermal units and 50 reservoirs distributed in 10 river basins, within the tight time constraints stemming from new open market regulations.Milestones:#1: Comprehensive definition of end-user needs.#2: Definition of software requirements and architectural designing, including the electronic commerce format.#3: Complete algorithmic development and prototype SW system release for initial validation.#4: Release of final code for assessment & evaluation purposes.#5: Validation of the final system on real networks and market structures; release of detailed exploitation plan for external commercialisation of the software product and business case.The overall work, attained by the end of the project, severely suffers from the lack of integration and cannot be used as a complete system. The technological partner, KWI, abandoned the project at the beginning of the second half and the rest of partners didn't reach the whole integration of the package. There is some final valuable work in the final testing from end users. If it would have been successful, a fully integrated OMEGA system, could have had a real impact in the potential target market. On the positive side, individual modules were developed, that can work in a stand alone manner and might be exploited according to a specific market needs. Good work has been done on individual modules by individual partners. To sum up, the main achievements of the project are:- A set of mathematical programming models representing state-of-the-art modelling of utilities behaviour in deregulated markets.- Algorithmic approaches for scenario generation, portfolio optimisation (stochastic integer programming) and hydro-thermal co-ordination (non-linear integer programming).- C++/Fortran codes solving the five steps of the OMEGA approach: scenario generation, portfolio optimisation, water value estimation, unit commitment and energy bidding.- A relational database designed and implemented in order to deal with the huge amount of information needed to describe the utility and its environment (generating system, market and contracts).- A complete set of procedures that work as the interface between the database and the implementation of the algorithms. Although the modules are not integrated because of the lack of user interfaces-not provided by the software vendor, KWI-, it can be operated by experienced users by sequentially executing database procedures and algorithms. The most unbearable fact is that only single modules have been validated, while the whole product hasn't. Fields of science engineering and technologyelectrical engineering, electronic engineering, information engineeringelectrical engineeringelectric energyengineering and technologyelectrical engineering, electronic engineering, information engineeringelectrical engineeringpower engineeringelectric power generationsocial scienceseconomics and businessbusiness and managementcommercee-commercesocial scienceseconomics and businessbusiness and managementbusiness modelsnatural sciencescomputer and information sciencesdatabasesrelational databases Programme(s) FP5-IST - Programme for research, technological development and demonstration on a "User-friendly information society, 1998-2002" Topic(s) 1.1.2.-2.3.2 - New market mediation systems Call for proposal Data not available Funding Scheme CSC - Cost-sharing contracts Coordinator IBERDROLA INGENIERIA Y CONSULTORIA, S.A. EU contribution No data Address CALLE ALAMEDA DE URQUIJO 00004 3?F 48008 BILBAO Spain See on map Total cost No data Participants (7) Sort alphabetically Sort by EU Contribution Expand all Collapse all CESI - CENTRO ELETTROTECNICO SPERIMENTALE ITALIANO 'GIANCINTO MOTTA' SPA Italy EU contribution No data Address VIA RUBATTINO 54 20134 MILANO See on map Total cost No data ENEL PRODUZIONE S.P.A. Italy EU contribution No data Address VIALE REGINA MARGHERITA 125 00100 ROMA See on map Total cost No data KW INTERNATIONAL LIMITED United Kingdom EU contribution No data Address STERLING HOUSE, CHURCH STREET HR9 5HN ROSS-ON-WYE See on map Total cost No data NORGES TEKNISK-NATURVITENSKAPELIGE UNIVERSITET NTNU Norway EU contribution No data Address HOEGSKOLERINGEN 1 7491 TRONDHEIM See on map Total cost No data REN - REDE ELECTRICA NACIONAL, S.A. Portugal EU contribution No data Address AVENIDA ESTADOS UNIDOS DA AMERICA, 55 - 20? 1749-061 LISBOA See on map Total cost No data SINTEF - STIFTELSEN FOR INDUSTRIELL OG TEKNISK FORSKNING VED NORGES TEKNISKE HOEGSKOLE Norway EU contribution No data Address STRINDVEIEN 4 7034 TRONDHEIM See on map Total cost No data UNIVERSIDAD DE CASTILLA - LA MANCHA Spain EU contribution No data Address Plaza de la Universidad 2 02071 ALBACETE See on map Total cost No data
