Energy management creates efficiency

Energy management refers to the systematic control and optimization of energy procurement, production, and consumption. It includes activities such as electricity trading on energy markets, managing energy production, and real-time monitoring and analysis of energy consumption. The importance of energy management has grown alongside increasing energy consumption and the rising share of renewable energy sources.

The energy sector’s transition toward fossil-free and carbon-neutral energy production has also required changes in the energy system. One of the most significant changes is the introduction of the 15-minute imbalance settlement period in 2023, which has tightened operational requirements and made manual participation in electricity markets practically impossible.

To meet these needs, Syncron Tech has developed a software solution for energy management that includes the following key features:

  • consumption forecasting with 15-minute imbalance settlement period accuracy
  • short-term electricity procurement planning (Spot and Elbas; day-ahead and intra-day markets)
  • real-time monitoring and balance management
  • internal electricity consumption and transmission billing
  • reserve management and invoicing
  • integrations with internal and external systems
  • support for the 15-minute imbalance settlement period

With an Energy Management System (EMS), companies can minimize energy costs and improve the overall efficiency of their energy management processes.

 

SyncPower® - Comprehensive solutions for the energy sector

SyncPower® is a software solution for the energy sector. It is built on modules that support various functions and is powered by a shared set of background tools for calculation, reporting, and diagramming.

 

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