BOULDER, CO - April 23, 2024 - Yes Energy, a leader in power markets data, today announced the acquisition of Power Settlements. The combination of…
Glendora, California – Arizona Electric Power Cooperative (AEPCO), a sub-BA area within the WAPA Desert Southwest Region, has selected the SettleCore™ software platform from Power Settlements (PSCS) to manage its market participation in the California ISO (CAISO) Western Energy Imbalance Market (WEIM). Power Settlements is the leading provider of software solutions to CAISO market participants and was chosen by AEPCO following a detailed evaluation. AEPCO licensed several components of the overarching SettleCore™ platform including, ISO Downloader, Visual Analytics, Shadow Settlements, and Settlement Analyzer.
AEPCO went live in the WEIM in April 2023 following three years of research, planning, and intensive preparation. After beginning WEIM operations, AEPCO recognized a gap in its existing software ecosystem that could be filled by SettleCore™. AEPCO began implementing the system in the 3rd quarter of 2023, and within weeks, SettleCore™ was fully operational.
AEPCO Energy Services Administrator, Tara Davis, commented on the selection of Power Settlements, noting,
Power Settlements’ SettleCore™ technology is one-of-a-kind. We were at first overwhelmed with the amount of data used in the structured markets to determine and calculate charge codes, but SettleCore™ accelerated our position from novice to intermediate on day one. It delivers a level of trust and expertise that makes it ideal for any level of user right out-of-the-box. The Power Settlements staff were continually committed to AEPCO’s successful transition during our market implementation, and the firm offers a variety of tools to make anyone a power user.”
Jason Hebert, Senior Vice President of PSCS stated, “Adding AEPCO to our growing list of clients in the West reinforces Power Settlements’ position as the leading supplier of software solutions for both CAISO WEIM and MRTU participants. SettleCore™ significantly helps WEIM participants operate more efficiently by providing ISO data visualization in near real-time as well as in-depth Shadow Settlements and CAISO reporting. We really enjoy working with AEPCO’s staff and look forward to providing them superior software and customer support for years to come.”
About Arizona Electric Power Cooperative (AEPCO)
AEPCO is the not-for-profit generation and transmission cooperative providing wholesale power, transmission, and energy trading services to six member-owner distribution cooperatives, which serve about 420,000 consumers in Arizona, Southern California, and Western New Mexico. AEPCO also provides transmission and energy trading services to cooperatives, public power utilities, and water utilities in Arizona, Nevada, and Southern California. AEPCO operates in tandem with Sierra Southwest Cooperative Services in Benson, Arizona, under the umbrella “Arizona G&T Cooperatives”. AEPCO owns and operates the 625-megawatt Apache Generating Station. To learn more, please visit our website.
