The Western Energy Imbalance Market (EIM), which launched in 2014, is a real-time energy market in the western United States. The EIM increases grid reliability,…
Turlock Irrigation District (“TID”), which is a community owned, not-for-profit irrigation water and electric utility in central California, has gone live in the Western Energy Imbalance Market (“EIM”) with the Power Settlements (“PSCS”) SettleCore system, including both Visual Analytics and ISO Settlements operations.
PSCS’ Visual Analytics Module dashboard provides a 360-degree view, which displays the customer’s unit and portfolio performance in each 5-minute interval. Data points out-of-the-box include market schedules, ISO dispatch target, demand forecast, locational market prices, internal meter, resource-level generation cost, and customer profit and loss calculation (PNL). The Visual Analytics Module includes both a near real-time view for real-time operations and PNL analysis as well as a post-analytics view the following morning.
TID is also utilizing the SettleCore – ISO Downloader Module for downloading all of its CAISO data and reporting needs, the Shadow Settlements Module for pre-settlement calculation and statement validations, the Settlements Analyzer Module for comparing any two Settlement statements to each other and drilling-down to the most granular billing determinants, and the Allocations Module for re-creating a settlement statement at the resource-level for all resources within the portfolio, including the charge code, time interval, quantity, price, and amount.
Amanda Alberti, a Utility Analyst at TID, said the following about their implementation of SettleCore, “TID is extremely satisfied with the level of customer service Power Settlements provides. From the timely and attentive communication, helpful training, and friendly employees, they have exceeded our expectations. The SettleCore product itself is an essential tool to be able to disseminate a large amount of data in a timely manner. Visual Analytics provides so many snapshots of real-time data and is tremendously helpful to see how units are performing real-time in the CAISO market. The ease of highlighting variances in the settlement statements utilizing SettleCore’s shadow settlements has streamlined our settlements process. Additionally, we have also enjoyed the ability to easily export data to excel to be able to further review the data”.
“We are pleased to announce that Turlock Irrigation District is now live on the SettleCore platform in the Western EIM. They are a fantastic customer and we look forward to providing superior support to them for many years to come,” said David Dan, CEO of Power Settlements.
About Turlock Irrigation District (TID)
Beginning in 1923 with the completion of the original Don Pedro Dam and powerhouse, TID has been providing safe, reliable, and affordable electric power to its customers. TID is a community-owned, not-for-profit irrigation water and electric utility.
About the SettleCore System by Power Settlements
Power Settlements is a software company that specializes in providing software solutions to energy companies that participate in the ISO and RTO physical power markets. Our flagship product SettleCore® is a leading platform for participants in the ISO and RTO Markets. The SettleCore ISO/RTO modules enable full bid-to-bill functionality from bid submission through data downloading, reporting, and shadow settlements and settlement statement validation in the ISO markets. The SettleCore – Visual Analytics Module is the leading visual dashboard for analysis of ISO dispatch and automatic flagging of events to avoid costs and highlight trading opportunities. Visual Analytics displays data in both an historical screen as well as an on-demand real-time screen. The SettleCore ETRM system includes a very robust, modular and fully integrated Energy Trading and Risk Management system, which includes power and natural gas deal entry for transactions in ISOs as well as bilateral transactions outside ISOs, settlements and invoicing, mark-to-market, the enforcement of counterparty credit and trader limits and risk management analytics. The SettleCore Etag module is a fully compliant NAESB Tag Agent and Tag Approval service that supplies unparalleled access to Etag data. All of the SettleCore modules are fully integrated in a single system using the SQL Server database which provides for full auditability, traceability, and user security roles.