Elektromreza Srbije to use Software of Australian Company for Planning Investments in New Energy Sources

Elektromreža Srbije (EMS), the Transmission System Operator (TSO), for Serbia will use Energy Exemplar’s modelling software PLEXOS to meet key objectives and manage a changing energy mix, this Australian software company announced. Through its mid-term and long-term development strategy for the following ten-year period, EMS plans extensive investments to renew the existing and construct new transmission capacities.

Over a three-year initial agreement period, PLEXOS modelling will allow EMS to use simulation technologies to model future investments, including investments in new conventional and renewable energy sources and infrastructure.

– Electricity production in Serbia currently relies on low-quality lignite for approximately 70% of its energy needs. Modelling future energy scenarios and the long-term effects of greater investment into alternative energy will help Serbia to improve energy security and affordability and to integrate renewable energy storages. Serbia’s access to the Danube has provided a firm foundation for the domestic production of hydroelectricity. Hydro power plants produce around 30% of power electricity and it is very important for EMS to accurately model hydro energy capacities – Energy Exemplar says in a press release.

Nebojša Vučinić, Director of Development Directorate at EMS, said that energy markets across Europe were undergoing rapid and unprecedented change.

– Utilizing technology will be key to ensuring this transition is smooth. PLEXOS gives us the capability of testing scenarios around supply and demand, storage, pricing and integrating new forms of energy so EMS knows the impacts across long term asset investments – Vučinić said.

According to Michael Schneider, Senior Vice President, Head of EMEA at Energy Exemplar, EMS is playing a key role in helping Serbia to modernize and expand its energy infrastructure, as well as reducing the costs associated with line losses and investments while planning for a future-proof energy system.

– PLEXOS modelling will help simulate potential losses and future scenarios towards making more intelligent and informed decisions about the form and nature investment should take – Schneider said.

EMS ad Beograd

Elektromreža Srbije

Energy Exemplar

Nebojša Vučinić

Michael Schneider

Plexos

investment planning software