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,…
Idaho Power Company, a utility serving 560,000 customers in a service area spanning an estimated 24,000 square miles with a summer load of 3,392 Megawatts, has implemented Power Settlements’ SettleCore – Visual Analytics Module for real-time PNL reporting and position management. Visual Analytics allows Idaho Power to analyze ISO/RTO and internal data including schedules, real-time dispatch, meter, pricing, position management, and profits and losses in a single graphical interface. Idaho Power also uses the ISO Downloader Module for detailed CAISO reporting and analysis and the Settlements Analyzer Module for in-depth CAISO Settlements drill-down analysis of invoices, settlement statements, and billing determinants.
Idaho Power’s Jennifer Gerard, the Operations Settlement Leader, had the following to say about Idaho Power’s experience with the Power Settlements SettleCore system. “SettleCore Visual Analytics has allowed Idaho Power Company the ability to review market operations in real-time and conduct post market analytics for front and back office staff. The software is intuitive and easy to use and is designed with an analyst mindset. The SettleCore Visual Analytics module also provides the ability to shadow the CAISO EIM benefits logic which has proved essential in validating the CAISO EIM quarterly benefits reports as well as regulatory reporting. Power Settlements’ staff are responsive to IPC business needs and work with IPC staff to resolve issues timely and efficiently.”
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.
About Idaho Power Company
Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated energy company since 1916. Idaho Power is an energy company engaged in the generation, transmission, delivery, sale and purchase of electricity and is regulated by the Federal Energy Regulatory Commission (FERC) and the state regulatory commissions of Idaho and Oregon. With 17 low-cost hydroelectric projects as the core of our energy mix, our residential, business and agricultural customers pay some of the nation’s lowest prices for electricity.
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 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.