We couldn’t work out how to spell nodal pricing or dynamic NTCs with an ‘aitch’ (hnodal?) but they’re included too!

In our biggest recent release, we've added some enormously important functionality to allow our clients to simulate all the potential future changes to energy markets.

In particular, we've now added

• Hydrogen, heat and water (H2O) co-product development. This got named 3H during the development phase ("Hydrogen, Heat, H20"), but it’s as simple as allowing you to model new networks:
  

• • Hydrogen networks. We don't know how many hydrogen pipelines, storage, electrolysis or H2 power stations there may be, but this gives you a chance to model them and find out
  • Water networks. Mainly for the Middle East, where water production (from flash distillers and reverse osmosis) is as important as power production
  • Heat networks. Adding a heat network to a large city means that multiple power stations can meet that heat demand, alongside backup boilers

• Detailed hydro modelling aims at modelling individual hydro plants in a hydrologically coupled system. Moreover, the model also introduces additional feature where detailed hydro plant data can be aggregated for use in water value calculation.
• BID3 introduces the concept of Dynamic NTCs to enable creating an alternative to full FBMC market modelling, by creating a polynomial relationship between the interconnector availabilities, generation and demand
• Nodal modelling enables the calculation of locational marginal prices using a DC optimal power flow approximation. Nodal modelling is described throughout the wiki where applicable.