GENERATION RESOURCE PORTFOLIO MODELING AND RISK MANAGEMENT SOFTWARE

The City of Santa Clara is seeking a comprehensive software solution for energy portfolio planning, risk management, and optimization for its municipal electric utility, Silicon Valley Power (SVP). The software solution should be able to incorporate products such as Power Purchase Agreements, Physical & Financial Power, Resource Adequacy, Renewable Energy Credit, Greenhouse Gas allowance, and natural gas transactions. The selected firm must have previous experience in providing comprehensive software solutions for energy portfolio planning, risk management, and optimization. The scope of services includes forecasting services, production cost modeling, thermal dispatch optimization, portfolio management, risk metrics, battery storage optimization, data integration, and reporting and analytics. • Forecasting services: ability to provide forecasts of load pattern, long-term/short-term price forecasts of energy, natural gas, ancillary services, renewable energy credits (RECs) PCC1, and resource adequacy (RA) • Production cost modeling: accurate calculation of total, average, and marginal costs to serve load, utilizing Monte Carlo analysis to evaluate uncertainties • Thermal dispatch optimization: hourly and sub-hourly optimization of thermal plant resources, considering fuel prices, variable O&M costs, GHG obligations, heat rates, and market power prices • Portfolio management: real-time tracking and analysis of yearly, monthly, and hourly long/short positions • Risk metrics: comprehensive calculation and reporting of key risk metrics, including Mark-to-Market (MtM), Net Position at Risk (NPaR), Cash Flow at Risk (CFaR), and Value at Risk (VaR) • Battery storage optimization: intelligent bidding instructions to maximize ROI for battery storage assets, real-time monitoring and feedback • Data integration: ability to import and export data from various sources, API integration capabilities • Reporting and analytics: customizable reporting dashboards, ability to export data in various formats