However, growing share of Renewable Energy brings its own challenges such as grid integration due to intermittency of resources, estimates around electricity generation and potential tariffs along with overall commercial viability that need to be effectively assessed for the benefit of any market participant. Additionally, proper market mechanisms and policy structures are required to justify investment into flexible capacity for RE integration. These challenges require a suitable modelling framework to analyze these aspects from multiple perspectives.
Genesis Ray modelling framework for Philippines is such a power market modelling and optimisation tool with a rich database of the country’s power infrastructure, nodal RE resource variability, demand pattern, and representation of market operational procedures. It enables the analysis of power dispatch, generation mix, electricity prices, power flow etc. supporting informed decision making by new investors, system planners and market operators.