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Artelys Risk Manager

 

An energy assets valuation and risk management application

Artelys Risk Manager, part of the Artelys Crystal Suite, is dedicated to the valuation and mid-term risk management (1 to 5 years) of physical or financial energy assets. Artelys Risk Manager is a decision support application used to study and compare assets portfolio, strategic management, and investment planning through profits analysis and associated risks.

A comprehensive and realistic energy system representation

Artelys Risk Manager gives a complete and realistic representation of the energy system (physical, financial, consumers, producers), of its volatility and the management policy.

A robust and powerful calculation engine for optimized management simulation

Based on the most advanced optimization techniques and on a comprehensive and detailed representation of energy assets, Artelys Risk Manager simulates a large number of scenarios and provides an optimal management policy for each of them.

Efficient quantitative indicators for decision making

Artelys Risk Manager provides results displayed as quantitative and graphical indicators, allowing you to:

• Estimate portfolio valuation and dispersal
• Identify risky situations
• Set up robust and efficient opertaional management procedures 
• Compare management policies
• Compare investment scenarios

Decision support process

A generic platform for specific needs

Artelys Risk Manager proposes a high level of parameterization to solve a wide range of problems and operational situations, such as

• Valuation of physical and financial assets portfolio
• Development of robust and optimized management policies
• Dimension of assets and contracts
• Set up of maintenance

A global solution

Artelys offers a wide range of services to help you get started with Artelys Risk Manager:

• Case studies based on Artelys Risk Manager to provide quantitative results for decision making to solve specific problems

• Parameterization of Artelys Risk Manager to adapt its functionalities to your specific needs

• On-site installation of Artelys Risk Manager and implementation in your existing information and decision system

• Support and skills transfer
- Trainings using Artelys Risk Manager
- Trainings on risk management
- Trainings on energy price models
- Support for Artelys Risk Manager users

• Maintenance in operational conditions
- Warranty and corrective maintenance of Artelys Risk Manager
- Scalable maintenance of Artelys Risk Manager

Business problem description

Portfolio and assets description
Based on a wide catalogue of physical and financial assets (thermal plants, renewable energy plants, factories, consumers, supply and buying contracts, spot market, future market, etc.) the users can quickly and precisely:

• Describe the composition of their portfolio and establish the relations between these assets
• Parameterize the essential characteristics of the underlying assets (physical and contractual constraints, heat rates, costs, etc.)

Operational uncertainties modeling
Users can define uncertain data and describe various scenarios (climatic, market, breakdown/failure, etc.)

Artelys Risk Manager possesses a price generation module, which facilitates a realistic description of market price evolution.

Thus, Artelys Risk Manager offers an organized and user-friendly environment for random data handling that ensures realistic inputs for subsequent computations.

Tailor made management policies
Artelys Risk Manager offers the possibility to apply automatically an optimized management procedure. Artelys Risk Manager provides functionalities to personalize a part or the whole management policies. Users can also apply their own management policy and compare it with Artelys Risk Manager’s optimized policy.

Simulation of an optimized management

Based on the assets modeling and on the most advanced combinatorial and stochastic optimization techniques, Artelys Risk Manager allows you to simulate hundreds of scenarios and to optimize for each of them the management of the portfolio.

Artelys Risk Manager computes and stores the value for each scenario, for each time step, for each asset, for each decision variable (on/off status, production level, etc.).

Results analysis

Synthetic results
Artelys Risk Manager provides results displayed as quantitative and graphical indicators, allowing you to:

• Estimate portfolio valuation and dispersal
• Identify risky situations
• Set up robust and efficient opertaionnal management procedures 
• Compare management policies
• Compare investment scenarios

Graphical and ergonomic interface 
Artelys Risk Manager computes and stores the value of all decision variables, for each scenario, for each time step, for each asset, for each decision variable (on/off status, production level, etc.).

Artelys Risk Manager offers the user the ability to analyze every detail of the simulation results: portfolio valuation (mean, standard deviation, V@R.,etc.), costs repartition / quantity per asset and management indicators (number of starts, mean/max power, etc) are some indicators examples offer by Artelys Risk Manager.

To improve its analysis, Artelys Risk Manager offers the user the ability to analyze every detail of the simulation results, by choosing:

• The visualization mode (several types of charts and tables)
• The statistical indicators to compute (mean, standard deviation, V@R , etc.)
• The temporal granularity for results aggregation over time (hour, day, month, etc.)
• The period (inside the simulation period) to analyze
• The list of scenarios to include or exclude from the analysis
• The assets to include or exclude
• The data of interest (production levels, costs, revenues, etc.)

Benefits for businesses

Artelys Risk Manager allows you to…

• Reduce and secure energy bills
• Maximize and secure profits
• Evaluate and manage risks
• Measure and reduce greenhouse emissions

 

Artelys Risk Manager, an application for each step of the decision making process

Artelys Risk Manager provides essential information to make the best decision.

Decision making tools

 

A few examples of problems solved by Artelys Risk Manager…

• A GENCO can use Artelys Risk Manager to simulate its operations under various scenarios and evaluate the loss-of-load probability.

• A team in charge of energy sourcing in the industry can use Artelys Risk Manager to structure their energy procurement contracts by what-if analysis so as to reduce their costs.

• An electricity producer can use Artelys Risk Manager  to assess and optimize their coal and fuel stock management policy (fuel scheduling and storage).

• A production planning team that needs to schedule hydro generation can use Artelys Risk Manager to balance the use of hydro and thermal units so as to minimize costs while maintaining future reliability (hydrothermal scheduling).

• An expansion planner who has to make an investment decision can use Artelys Risk Manager to evaluate the P&L distribution of several investment options and compare their expected ROI and associated risk.