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,…
Sacramento Municipal Utility District (“SMUD”), a utility serving approximately 1.5 million customers, has been a customer of Power Settlements since 2009, and has implemented the Power Settlements SettleCore system for their EIM go-live in April 2019. SMUD utilizes the SettleCore system for their front-office and back-office analytics and their CAISO EIM settlement operations, including: real-time and post analytics, including PNL and imbalance energy analysis; pre-settlements and shadow settlements, the shadow calculation of counterfactual EIM Benefits to compare to the CAISO’s published EIM Benefits numbers; and the ability to extract 100% of their CAISO-published EIM data.
The SettleCore system is used to download all merchant and transmission entity (PRSC and EESC) published CAISO data sources (bids/offers, CAISO market awards, prices, unit outages, meter data, settlement statements and invoices, etc.), to view and extract all data, to perform pre-settlements estimates as early as one day after the trade date (T+1), to compare shadow settlement estimates to the CAISO-published settlement statements, to compare CAISO invoices and CAISO settlement statements, to perform EIM sub-allocations portfolio allocations, and to perform customer billing.
The SettleCore – Visual Analytics Module is a dashboard that displays the customer’s EIM data in a single screen for analysis of either the current day’s real-time data in the Real-Time screen or historical days in the Historical Analytics screen (post-analytics). This module graphically displays base schedules, market awards, dispatches, LMPs, unit parameters, and outage information, among other data sources. The customer’s internal meter data is imported to provide a real-time view of imbalance energy (uninstructed deviations), and the solution provides a snapshot of the customer’s PNL in the EIM.
“Power Settlements’ EIM settlement software, including the Visual Analytics module, is intuitive and easy to use. The SettleCore system has been valuable to SMUD for identifying dispute items and investigating operational issues. It’s designed from an analyst’s viewpoint and offers a variety of ways to view settlement-related data, right out of the box. The Visual Analytics module enables us to quickly see real-time profit/loss and identify uninstructed deviations at the resource level to head off problems and minimize negative settlement implications.
We’re also very satisfied with Power Settlement’s customer service. We appreciate their hands-on approach and quick responses to our requests and resolving issues. Their ability to quickly act on our changing priorities is one of their strengths. We consider Power Settlements to be a highly engaged and collaborative partner in our entry into the EIM market”, said Jessica Kasparian, Manager, Commodity Settlements & Load Forecasting, Sacramento Municipal Utility District (SMUD)
About Sacramento Municipal Utility District (SMUD)
SMUD began serving Sacramento in 1946 and is now the nation’s sixth-largest community-owned electric utility. SMUD provides reliable, affordable electricity to most of Sacramento County and a portion of Placer County. SMUD is recognized nationally and internationally for its innovative energy efficiency programs and renewable power technologies, SMUD was the first large California utility to receive more than 20 percent of its energy from renewable resources.
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 counter-party credit and trader limits and risk management analytics. The SettleCore Etag modules are 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 built in Microsoft .Net, using the SQL Server database which provides for full auditability, traceability, and user security roles.