AURORAxmp (“Aurora”) is a power market simulation tool designed to forecast power prices over both the short and long term. At its core, Aurora is a fast, hourly-dispatch engine that simulates the dispatch of power plants in a chronological, multi-zone, transmission-constrained system. The model is ‘economically coherent’, fully utilizing the hourly chronological commitment/ dispatch logic in that long-term algorithm. This is unlike other approaches take two models or more, or make major simplifying assumptions (load duration curves, etc.), and their data formats are often inconsistent.
CRA's Energy Practice has customized Aurora for use in client engagements including generation valuation, transmission analysis, risk analysis, hedging, and portfolio optimization in the U.S. and Europe.