FULLY MODULAR, CLOUD-NATIVE SOFTWARE PLATFORM
A fully modular, Cloud-native software platform, Hansen Trade enables organisations to transform their trading performance, leveraging a next-generation analytics-driven logic engine to automate, optimise, and maximise all asset classes in the short-term wholesale physical power trading and auction marketplaces, as well as for ancillary services. Accelerated time-to-market and continuous market and regulatory compliance make Hansen Trade the complete trading solution.
Delivering crucial business value:
- Agile solution that has a low barrier-to-entry and can grow with the customer.
- Easy to use with business-centric logic and interface.
- Delivers powerful market insights that inform optimised trading strategies.
MULTI-MARKET OPTIMISATION
The Multi-Market Optimisation module is a comprehensive solution that analyses various power assets – including wind power, battery energy storage systems (BESS), and electric boilers – and optimises the returns across multiple marketplaces.
The solution considers limitations such as energy and power-to-energy ratios of different markets, as well as charge level limitations, providing a thorough and reassuring approach to market optimisation.
POWER MARKET ANALYTICS
The Power Market Analytics module optimises intraday trading strategies and delivers up-to-date price driver information to traders.
Hansen Trade shows, for example, how wind and consumption forecasts have changed since the day-ahead gate closure and reports any additional disruptions to power plants or consumption units. In this way, the solution creates an accurate power balance forecast for each area.
TRADING & AUCTIONS
Intraday Trading
The Intraday Trading module, a key feature of Hansen Trade, enables fully automated 24/7 trading. It is particularly beneficial for balance management and asset optimisation, providing comprehensive UI visualisations of trading overviews, trading strategies, and settings. The module also offers easy-to-use tools for creating code-free, flexible, and business-centric strategies. Trading performance is further enhanced using Hansen’s native trading analytics or third-party datasets.
Day-Ahead Trading
The Day-Ahead Trading module enables streamlined day-ahead trading and detailed handling of trade results. Initiating the daily bidding process is straightforward: triggered with a single click or fully automated. Hansen Trade provides results at the asset level, and the solution incorporates numerous safety features and visualisations to enhance trade monitoring.
Intraday Auctions
The Intraday Auctions module, designed for automated intraday auction trading, prioritises safety and security. It automatically creates and validates orders as needed, providing detailed results at the asset level. The solution incorporates numerous safety features and advanced capabilities, ensuring the effective management of intraday auction trading operations within defined trading windows and instilling a sense of security in users.
ANCILLARY SERVICES
FCR – Frequency Containment Reserve
The FCR module enables automated FCR and FFR bidding, as well as the handling of trade results. Trading can be executed at the asset level, providing detailed trade result handling and negating the need for post-trade calculation and processing.
aFRR – Automatic Frequency Restoration Reserve
The aFRR module enables an automated aFRR service for capacity market and energy market bidding, as well as trade result handling. Trading can be executed at the asset level, providing detailed trade result handling and negating the need for post-trade calculation and processing.
mFRR – Manual Frequency Restoration Reserve
The mFRR module enables automated mFRR/Regulating Power operations, including capacity market and energy market bidding, trade results, and activation request handling. The entire process, from bid submission and editing, to bid removal, acceptance of activation requests, and SCADA communication, can be automated, ensuring efficient and seamless operations.
CUSTOMER PORTAL & POSITION MONITORING
Customer Portal
The Customer Portal module facilitates automated communication between the trading desk and end clients, including power plant control rooms, industrial clients, demand response aggregators, and other stakeholders. Each client enjoys their own intuitive, web-based interface and can input trading information, such as production plans, using a template or via an API. A trading desk can share data, such as trading results, with clients; this is viewable in the portal or can be downloaded to Excel or accessed through the API. Additionally, mFRR activation requests can be forwarded using a client-specific web UI.
Position Monitoring
The Hansen Trade Position Monitoring module monitors position status, including imbalances, and aids in identifying and analysing root causes. The interface employs colour coding to enhance visibility and awareness. If an imbalance exceeds the user-defined minimum and maximum thresholds, anomalous values are highlighted, allowing further investigation. Data is viewable by area, portfolio, sub-portfolio, and asset level.
POWER PLANT FAILURE ALARMS
The PPFA module identifies nuclear power plant failures based on real-time data.
In many cases, Hansen Trade has successfully identified and reported these failures several minutes ahead of the publication of REMIT UMM notifications. During these events, information is sent directly to the Intraday Trading module for incorporation into revised strategies.