BID3 – AFRY’s leading power market modelling tool
Make better investment decisions today. Our dispatch model uses advanced mathematical techniques to model the dispatch of power stations, market prices, capacity evolution, hydrogen, and all other important features of power markets.
70+
electricity markets modelled
700
clients receiving AFRY market projections
30+
clients using BID3 directly
25+
years of experience
About BID3
Known for its ease of use and exceptional accuracy, BID3 is the trusted choice for generators, regulators, and TSOs worldwide, including the European network along with South America, Asia-Pacific, Australia, and the Middle East.
BID3 continues to be at the cutting edge of power market modelling. Whether it is the challenges posed by intermittent renewables, the need to find the value of flexibility or understanding the impact of market design changes, BID3 provides the detailed modelling tools needed.
Why choose BID3?
Trusted data accuracy
Built on AFRY's years of experience and rigorous analysis — the same datasets behind our AIM Reports — ensuring dependable, precise outputs every time.
Complete flexibility
From short-term trading on live data to long-term decarbonisation scenarios to 2050. Run a single country on a laptop, or hundreds of cores via BID3Python and compute clusters.
Expert support
You're standing on the shoulders of giants. Our support draws on 800 consultants working in electricity markets — we model the same things you do.
The answer to all power market questions
Understand how a rapidly decarbonising future will play put in power markets.
Asset valuation
Value generation, storage and flexible assets against a robust, market wide price forecast.
Financing & risk appraisal
Underpin investment cases and lending decisions with bankable, defensible market analysis.
Long-scenario analysis
Explore pathways to 2050 – decarbonisation, demand growth and capacity evolution.
Short-term market forecasts
Forecast prices up to three years ahead on live data to inform trading and hedging.
Interconnector forecasts
Quantify cross-border flows and the value of new transmission and interconnector capacity.
Policy studies
Asses the market impact of policy, subsidy and market-design changes before the land.
Harness the power of the Cloud to efficiently handle unpredictable demand
BID3 Cloud Runs offer an innovative approach to managing computational demands with unmatched flexibility and efficiency.
Scalability and Cost-Efficiency
BID3 Cloud Runs eliminate overprovisioning costs by dynamically scaling CPU cores to match your needs in real time. This means you only pay for the resources you use—no more, no less. It's perfect for handling unpredictable demands or tight deadlines
Data Security and Integrity
Your data remains your own, stored temporarily on the cloud with robust encryption at both rest and transit. Our commitment to data security ensures peace of mind, with third-party security reviews and constant monitoring
Seamless Integration
Continue using your current systems with no need for an IT overhaul. BID3 Cloud Runs seamlessly integrate with your existing workflows, providing direct access from the BID3 desktop application
Advanced Management Tools
Our web-based management application offers full control with user access control, real-time billing transparency, and budgeting tools. Get detailed reports, set alerts, and adjust budgets on the fly to prevent overspending
Short-term simulation at your fingertips with BID3 Short-Term
Incorporating all past and present data, BID3 Short-Term seamlessly combines short-term forecasts with long-term projections, offering a forward-looking market simulation up to three years ahead.
By simulating the system from the bottom up, with all power plants, storage, interconnectors and demand, you can understand the impact of any type of change to the power market.
BID3 Short-Term is used by traders active in power and commodities to hedge positions, run what-if scenarios, and simulate market changes that can’t be captured by Machine Learning techniques.
The application
Known for its ease of use and exceptional accuracy, BID3 is the trusted choice for generators, regulators, and TSOs worldwide. Have a look inside!
