Market Modelling

IPA’s market modelling experience provides expertise in the development and operation of market simulations, used to support and inform investors seeking to enter new markets as well as governments and regulators seeking to introduce competition or to restructure existing markets.  IPA has produced specialist models for market operations around the world and continuous development has kept us at the forefront of modelling the full complexity of future energy markets.

ECLIPSE (Emissions Constraints and Policy Interactions in Power System Economics) is our proprietary power market modelling framework, which has been adapted for use in a number of different markets.  ECLIPSE has been specifically designed to model the macroeconomics of the power industry and to capture the complex interactions between the various economic and non-economic drivers which influence electricity market development using a deterministic linear programming approach.

The World Gas Trade Model (WGTM) is our equivalent tool for analysing the increasingly global gas market.  WGTM simulates the regional interactions between supply, transportation, and demand to determine market clearing prices, gas volume flows, reserve additions, and pipeline entry and exit.