Beacon

Beacon is a self-calibrating integrated curve forecasting and simulation engine. Beacon takes both historical spot/load data plus forward market data as inputs, and can use all this information for curve generation.

Beacon’s simulation engine functionality will allow unlimited scenarios to be generated on a half-hourly basis for use in risk reporting such as Earnings at Risk.

Beacon results may be viewed using TTA’s unique Simulation Visualisation Tool which allows viewing and testing of the resultant simulations.

Recently, Beacon has been calibrated to the forward market, allowing market-consistent pricing of electricity derivatives, VaR and credit reporting. For further information please see the following documents:

• Benchmark Pricing via Simulation (PDF format – 50KB) – Shows the pricing results for option-based contracts;
• Potential Credit Exposure (PDF format – 30KB) – Contrasts the APRA methodology against simulation results;
• Beacon Product Overview (PDF format – 2,300KB) – Overview of the numerical load/price simulation methodology including testing results.