“We now have a single application used by our entire organization for transacting with the CAISO and our counterparties, from entering deals to scheduling, downloading CAISO data, calculating shadow settlements, reporting, and counterparty settlement. Since the production rollout of the PowerCore deal capture and scheduling functionality, our traders and schedulers are extremely pleased.”
“We have been using Power Settlements for almost a year and are continuing to utilize and optimize their full suite of software (Scheduling, Bidding, Trade Capture, E-Tag, Settlements, Shadow, Meter, and Visual Analytics) and are excited with how much we can do! We are able to customize reports and layouts to suit our needs. Power Settlements has delivered excellent customer service and quick responses to any issues that come up. We have been extremely happy with the bid-to-bill software and in particular with Visual Analytics and its ability to organize and display large amounts of data in a way that can be processed quickly. As a smaller utility, Power Settlements has definitely made us feel just as important as any other (larger) customer. With their customer service and array of software products, we know we’ll be able to accommodate any new changes that come our way.”
“One year ago, we implemented the PowerCore ETRM system on time and on budget. We were able to successfully replace multiple systems with one system that could address the process improvements and reporting enhancements we felt were critical needs for our operations. The PowerCore product and Power Settlements’ customer support staff have allowed us to realize a new level of efficiency across multiple departments. We are extremely happy with our selection of PowerCore.”
“Power Settlements has been an excellent business partner, and has consistently gone above and beyond from a customer service standpoint. From timely communication, thoughtful collaboration, helpful training, friendly staff members and quick responses and resolutions, Power Settlements represents what a first-class vendor stands for. The PowerCore (formerly “SettleCore”) system provides a full-suite solution that supports Avista’s real-time operations insights, post-market analytics, shadow settlements and validation, billing and invoicing, benefit calculation, as well as any required customizations. PowerCore is very intuitive to analysts, which shows that Power Settlements is focused on anticipating end-user needs. Avista could not be more pleased with our decision to choose Power Settlements and their solutions to support our settlements and analytics functions for the WEIM.”
“The PowerCore Visual Analytics Module offers the ability for APS to utilize programmable validation rules to alert unusual market results. These business rules allow for complex datasets to be created from both CAISO data and external interfaces, producing a highly customizable and interactive analysis tool. This enables relevant market data to be efficiently compiled, analyzed, and flagged for further follow-up. The PowerCore platform fosters better collaboration between the operations and settlements business areas, helps identify areas for operational improvement, and provides improved detection and support of CAISO settlement disputes for increased cost recovery.”
“Power Settlements’ PowerCore 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 PowerCore 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.”
“With El Paso Electric Company (EPE) joining the Energy Imbalance Market (EIM), the company needed a settlements application that could support the new EIM settlements functions. PowerCore from Power Settlements provided this support. The functionality from Power Settlements was not limited to the settlements processes but also helped with visual analytics and metering submission. The implementation process was seamless and efficient, thanks to the dedicated and responsive support from the Power Settlements team. From initial onboarding to final go-live, Power Settlements provided exceptional guidance and assistance at every step. The software was tailored to EPE’s specific needs, and the customization options were extensive, allowing EPE to streamline the settlements processing workflow at a whole new level.
One of the standout features of PowerCore is its user-friendly interface. The intuitive design and navigation made it easy for the EPE team to adapt to the new system, reducing the learning curve and ensuring smooth adoption across the organization. PowerCore’s robust functionality enabled EPE to automate various manual processes, resulting in increased efficiency and accuracy in settlements processing.
Moreover, the level of support EPE received from the Power Settlements team during the implementation has been exceptional. Their responsiveness and willingness to address any questions or concerns was exemplary. Power Settlements consistently went above and beyond to ensure EPE’s satisfaction with PowerCore.
In summary, the implementation of PowerCore has been a success for EPE. The software transformed EPE’s settlements processing operations, bringing increased efficiency, accuracy, and visibility. The seamless implementation process, user-friendly interface, robust functionality, and excellent support from the Power Settlements team made it a truly positive experience. EPE highly recommends PowerCore from Power Settlements to any institution seeking a reliable and effective solution for EIM settlements processing.”
“The PowerCore platform’s ContractCore module has been highly beneficial in processing 500+ invoices each quarter. Before implementation, this process took 5-8 business days to complete, but after deploying ContractCore, it takes only 4-5 hours. Its meter data validation, calculation capability, invoice creation/approval, and email generation functionality have helped streamline our invoicing process by eliminating manual work. The Power Settlements team made sure our requirements were well-understood and they provided the solutions that we needed.”
Glendora, California – Idaho Power Company (IPC), which has been a customer of the analytics and reporting capabilities of Power Settlements since 2018, recently expanded its use of the PowerCore™ software platform by implementing its Shadow Settlements, EIM Sub-Allocations, and Contract Billing modules. This enhanced functionality helps IPC automate, optimize, and manage its back-office and settlements functions for participation in the California ISO (CAISO) Western Energy Imbalance Market (WEIM). IPC’s use of PowerCore also encompasses settlements and invoicing of its WEIM transmission customers.
Jennifer Gerard, Operations Settlement Lead at IPC, conveyed the details around the expansion of its PowerCore footprint:
“Since IPC joined WEIM, we’ve used PowerCore for dispatch analysis, reporting, and other market analytics needs. There was a need to streamline existing analytics processes with our shadow settlement review, and to perform subsequent transmission customer invoicing – all within one system. Since the Power Settlements staff had proven to be knowledgeable on CAISO/WEIM market rules and provided us with a high level of user support, we recently added the WEIM Shadow Settlement, Sub-Allocation, and Customer Invoicing modules to our existing PowerCore system to enhance our current processes and create efficiencies as we review and validate market data results.”
Jenny Gerard
Operations Settlement Lead at IPC
“IPC and Power Settlements have been working successfully together since they joined the Western EIM,” said PSCS Senior VP, Jason Hebert. We’re proud of the work we’ve accomplished together and are excited that our partnership is growing in ways that will help IPC prepare for the next stages of the WEIM or Southwest Power Pool’s (SPP) Markets+. In either case, PowerCore will seamlessly adapt and be ready to go.”
Idaho Power is headquartered in the vibrant and fast-growing city of Boise, and has been a locally operated energy company since 1916. Today, it serves a 24,000-square-mile area in Idaho and Oregon. The company’s goal to provide 100% clean energy by 2045 builds on its long history as a clean-energy leader that provides reliable service at affordable prices. With 17 low-cost hydroelectric projects at the core of its diverse energy mix, Idaho Power’s residential, business and agricultural customers pay among the nation’s lowest prices for electricity. Its 2,000 employees proudly serve more than 620,000 customers with a culture of safety first, integrity always and respect for all. IDACORP Inc. (NYSE: IDA), Idaho Power’s independent publicly traded parent company, is also headquartered in Boise, Idaho. To learn more, visit idahopower.com or idacorpinc.com.
Glendora, California – Eugene Water & Electric Board (EWEB) has selected the SettleCore™ software platform from Power Settlements (PSCS) to manage its market and transmission settlements, as well as shadow settlements in the California ISO (CAISO) Western Energy Imbalance Market (WEIM). Power Settlements is the leading provider of software solutions to CAISO and EIM market participants and was chosen by EWEB following a detailed evaluation of multiple vendors using a competitive RFP (request for proposal) process.
EWEB’s implementation of SettleCore™ (on the PSCS-hosted infrastructure) began in the fourth quarter of 2023 with a planned go-live in early 2024 and will meet EWEB’s business requirement for a single system to optimize settlements, analytics, and reporting in the CAISO market. Further, EWEB will leverage SettleCore™ to settle transactions and shadow CAISO market and transmission invoices from major participants in the WEIM, including the largest transmission provider in the Pacific Northwest.
Jason Hebert, Senior VP of Power Settlements noted,
“Adding EWEB 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 players shadow the bilateral settlement invoices that they receive from the BA (Balancing Authority) since those settlement rules can be extraordinarily complex and accompanied by vast amounts of data. Having EWEB choose to work with our team to manage mission-critical workflows is very gratifying.”
About Eugene Water & Electric Board
The Eugene Water & Electric Board (EWEB) is Oregon’s largest customer-owned utility. Founded in 1911, EWEB provides water and electricity to approximately 96,000 customers in the Eugene-Springfield area. EWEB’s service area covers 236 square miles with a population of more than 200,000 people, including major institutions such as the University of Oregon. Employing approximately 500 people, EWEB serves the people of Eugene by embodying core values of safety, reliability, responsibility, and community. EWEB owns four energy generation facilities, including hydroelectric projects on the McKenzie and Clackamas Rivers, and leads watershed protection measures with local landowners and environmental organizations. With one of the greenest energy supplies in the nation, approximately 90% of EWEB’s power comes from carbon-free sources, and EWEB is committed to achieving a 95% carbon-free energy portfolio by 2030. To learn more, please visit our website.
