null

Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Siemens supports Philippines in energy trading

08.09.2015

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
http://w3.siemens.com/smartgrid/global/en/products-systems-solutions/control-center-solutions/Pages/overview.aspx


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


Contact
Mr. Dietrich Biester
Energy Management Division
Siemens AG

Freyeslebenstr. 1

91058 Erlangen

Germany

Tel: +49 (9131) 7-33559

dietrich.biester​@siemens.com

Anzeige

Anzeige

Event News

“Lasers in Composites Symposium” in Aachen – from Science to Application

19.09.2017 | Event News

I-ESA 2018 – Call for Papers

12.09.2017 | Event News

EMBO at Basel Life, a new conference on current and emerging life science research

06.09.2017 | Event News

 
Latest News

Comet or asteroid? Hubble discovers that a unique object is a binary

21.09.2017 | Physics and Astronomy

Cnidarians remotely control bacteria

21.09.2017 | Life Sciences

Monitoring the heart's mitochondria to predict cardiac arrest?

21.09.2017 | Health and Medicine

VideoLinks
B2B-VideoLinks
More VideoLinks >>>