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ProductUpdated on 18 February 2025

EDAMS - Energy Market Operations System (EMOS)

Loucas Pikolos

EDAMS Product Services Manager (Energy) at Hydro-Comp Enterprises

Nicosia, Cyprus

About

EDAMS Energy Trading covers all requirements related to the continuous optimal trading operation of an Energy producer and retailer in the Electricity Market. The module allows for

(a) Regulations & Tariffs,

(b) Registration of all production units as well as all market participants, and (c) Flexible PPA (Power Purchase Agreements) between all related internal and external parties. Demand forecasting is performed in several ways, considering consumption patterns per individual connection. Production forecasting considers both environmental variables and specific park condition and behavior as well as pending production restrictions. The system communicates directly with the (MDMS) Meter Data management system to receive real time consumptions and productions, EDAMS Energy Trading comes in two versions, depending on the type of electricity market as follows:

a) EDAMS-ETMS (Energy Transitional Market System). This model applies in markets where trading is carried out monthly, usually being transitional markets prior to opening up of the proper market.

b) EDAMS-EMOS (Energy Management Operations System). This is the normal Energy Trading model applicable (at this stage) for The Forward Market and Day ahead market trading.

The Balancing module calculates in a cost optimal manner Over the Counter Contract requirements as well as DAM (Day Ahead Market) trading quantities. All submissions in the relevant markets are taken care of by the system. Daily and monthly processes and reconciliations are allowed for down to the level of production of all relevant invoices between the parties involved. EDAMS-EMOS also comes in two versions:

  1. EDAMS-EMOS (producer): This version is suitable for producers that simply want to sell their production in the market and not be associated with suppliers.

  2. EDAMS-EMOS (supplier): The supplier version is for electricity utilities that sell electricity to consumers and at the same time produce solar energy. The module allows the supplier to handle transactions both for itself and an on behalf of production units it manages. At present the EDAMS-EMOS system does not trade in the Balancing Market or Ancillary Services market and thus it is not suitable for a Conventional Power generating unit.

Organisation

Hydro-Comp Enterprises

Nicosia, Cyprus

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