Siemens installs its Spectrum Power energy market management software at the Philippine Electricity Market Corporation (PEMC). PEMC is an autonomous group market operator that operates and maintains the Philippines Wholesale Electricity Spot Market (WESM).
This technology will allow market participants to more efficiently exchange and share energy resources, including renewables like wind and solar, based on generation and demand needs. Currently, 25 percent of the Philippine's energy mix is coming from renewables including hydro and geothermal, but as resources like wind energy increase in this region which is expected, there is a significant need to manage these resources efficiently in real-time and dispatch power where it's most needed.
Siemens software will help PEMC analyze and systematically establish energy requirements and allocation of the grid for week-ahead, day-ahead, and hour-ahead time frames.
In real time, the solution automatically determines the lowest cost generation and renewable mix to meet demand while maintaining the security of the grid.
The cost-saving potential with this new energy market management software increases significantly due to the proper estimation of current system status, the use of short-term demand forecasts that gauge demand accurately, and five minute real-time market dispatch.
Reliability is also increased through realistic dispatch results, accounting for accurate energy reserves and ensuring the reserves are available when needed during outages and demand and renewable generation fluctuations.
Furthermore the software provides market operators greater insight to assess and manage operating conditions in the power grid using state estimation, contingency analysis, prediction of demand, and generation dispatch across the PEMC marketplace.
For further information on Division Energy Management, please see www.siemens.com/energy-management
Further information on network control system Spectrum Power is available at
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of combined cycle turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2014, which ended on September 30, 2014, Siemens generated revenue from continuing operations of €71.9 billion and net income of €5.5 billion. At the end of September 2014, the company had around 343,000 employees worldwide on a continuing basis.
Further information is available on the Internet at www.siemens.com
Reference Number: PR2015090324EMEN
Mr. Dietrich Biester
Energy Management Division
Tel: +49 (9131) 7-33559
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