Settlement Modelling & Analysis
The DFID funded NIAF project based in Abuja, Nigeria needed to model the power settlement process and calculations that would be required in the proposed transitional power market in Nigeria. FMA developed a highly flexible market model with a settlement engine embedded within it. The model can be used to simulate power market settlement calculations under a wide range of scenarios made up of options selected for market structure, entities, market rules and contract types. It can produce sample settlement statements for market participants and the market and system operator as well as a range of other analysis and reports.