SmartBidder™ uniquely offers a unified platform for custom bid optimization combined with scheduling services to manage asset performance and operations for storage, renewable, and hybrid assets. The solution enables users to develop their own customized bid strategies based on nodal specific forecasts, asset specific constraints, and risk-based optimization for day-ahead and real-time bids.
With dozens of operating resources under management, SmartBidder has established itself as the industry leader.
"We selected SmartBidder because of its proven performance and unique value proposition that helps us to maximize our project revenues while managing risk."
- Vice President of Power Marketing, GridStor
SmartBidder consistently beats other scheduling services in revenue generation and risk management in side-by-side comparisons because of SmartBidder's advanced AI forecasts of market conditions and bid optimization agents.
SmartBidder revenue exceeds Scheduler B's in a head-to-head comparison by by outperforming under scarce conditions and heatwaves to take advantage of market volatility by considering a broader set of forecasts in its optimization algorithm.
SmartBidder allows asset scheduling teams to formulate their own bidding strategies while leveraging the software’s analytic strength. Empowered with the SmartBidder platform to formulate and validate custom bidding strategies, teams can evaluate multiple options and settings to control risk and return.
In-depth reporting enables users to evaluate and tune multiple strategies across a suite of performance and risk metrics with help from our team of analysts. The resulting strategies (shown above) compare cumulative returns of perfect DA energy arbitrage (TB4) and Ancillaries Only to more complex customized bidding strategies with varying DA exposure.
Using a mosaic of models, SmartBidder creates a more complete information weave of future market conditions. This unique approach to forecasting provides a competitive advantage through capturing both average and extreme events. SmartBidder’s agents use reinforced machine learning to determine day-ahead and real-time bids based on node-specific forecasts and user inputs, leveraging and leverage enhanced forecast accuracy to realize revenues.
SmartBidder's adaptive and risk-adjusted recommendations, combined with in-depth data and performance reporting, enabling users to define and track multiple strategies based on risk and strategic objectives.
Our forecasts provide a competitive advantage through a system of models that reinforce or redirect a future market bid position. Our probabilistic approach to modeling provides a more granular lens into the future and results in a more comprehensive forecast.
SmartBidder also allows users to formulate their own strategies, leveraging Ascend’s mosaic of models for price forecasting and bidding agents. Users can further control bids through manual overrides when desired, and the agents will re-optimize subsequent bids accordingly.
SmartBidder leverages its models and sophisticated state of charge management to pursue opportunities from RT volatility while fulfilling DA market obligations. The bid optimization agents account for physical asset constraints and warranty limits on the battery.
SmartBidder provides both the actionable intelligence and the situational awareness to make informed decisions from strategy formulation and selection to daily operations. Dashboards provide critical data with background information a click away.
SmartBidder was able to charge the battery throughout the day by fulfilling DA ancillary commitments and then take advantage of the forecast RT energy price spike in the evening to maximize revenue.
SmartBidder took advantage of the low energy prices during the day-time to charge through providing Reg-Down ancillary services and sell into real-time energy during the high valued early evening hours.
Ascend Analytics SmartScheduler offers complete scheduling services for every ISO in the United States, including full Level 4 QSE services in ERCOT and EIM operations.
SmartScheduler is a Member, Market Participant, Qualified Scheduling Entity (QSE), and Scheduling Coordinator (SC) in all six U.S. RTOs/ISOs with NERC-certified operator and full audit support. Ascend will facilitate the submittal of bids and offers to the ISO and provide the required registration and collateral management support.
Automated submission of bids to the ISO and harvesting of awards
Required technical and security integrations with the ISO to maintain ongoing bi-directional communications between your asset and the ISO
24/7 support for bid submission via live desk
Cutting-edge modeling and dedicated report-generation support to simplify scheduling, settlements, and dispatching, reducing reporting effort and audit risk and complexity
Asset registration and certificate registration with ISO
The SmartScheduler team works closely with each ISO and analyzes market results and rule changes to ensure ongoing compliance with scheduling requirements and full market access.
SmartScheduler's core scheduling capabilities include:
Unlike the traditional or other automated solutions, SmartBidder uniquely offers a unified platform for custom bid optimization combined with scheduling services.
Generate probabilistic forecasts for nodal prices, DART spreads, and RT spike events
Continuously update real-time bids according to emerging conditions and the available state of charge
Incorporate expected available capacity, leverage RT volatility, and fulfill DA market obligations
Develop reinforcement learning-informed bidding strategies based on realized performance
Manage all scheduling including settlements and invoicing, communicating resource outages, reporting, and asset registration
"Ready to Roll" analytics and preconfigured models for any region or node
Critical insights for portfolio management in a high renewables future
Our expertise includes planning, valuation, risk management & ISO operations
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