Mwcms - Power Settlements

Arizona Electric Power Cooperative (AEPCO) Chooses Power Settlements to Help Manage Participation in the California ISO’s Western Energy Imbalance Market

mwcms on December 17, 2023

Glendora, California – Arizona Electric Power Cooperative (AEPCO), a sub-BA area within the WAPA Desert Southwest Region, has selected the PowerCore 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 PowerCore 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 PowerCore. AEPCO began implementing the system in the 3rd quarter of 2023, and within weeks, PowerCore was fully operational.

AEPCO Energy Services Administrator, Tara Davis, commented on the selection of Power Settlements, noting,

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.”
Tara Davis
AEPCO Energy Services Administrator

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. PowerCore 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.

Arizona Public Service Company Reaps Significant Benefits Managing Complex Third-Party Contract Settlements Using PowerCore™ Contract Billing

mwcms on August 13, 2023

Glendora, California – Arizona Public Services (APS) has transformed its management of complex third-party bilateral contract settlements by expanding its PowerCore software platform footprint with Power Settlements. APS recently went live with PowerCore’s Contract Billing Module (CBM), a comprehensive billing engine that models power purchase agreements (PPAs), tolling agreements, transmission bills, and other complex contracts to easily generate invoices (or shadow invoices) from third parties.

“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. The meter data validation, calculation capability, invoice creation/approval, and email generation process have helped streamline our invoicing process by eliminating manual work. The Power Settlements team worked hard to ensure our requirements were well-understood and provided the solutions we needed.”
Tuan Thai
APS Back-Office Subject Matter Expert

David Dan, PSCS CEO stated, “Our team is proud to have this opportunity to grow our partnership with APS. Our Contract Billing Module allows them to seamlessly manage the settlement of a wide array of complex contracts with advanced functionality in a secure, traceable, auditable ecosystem. And APS’s staff can quickly access, retrieve, and mobilize all their data in any desired format.”

About Arizona Public Service
Arizona Public Service (APS)  serves nearly 1.3 million homes and businesses in 11 of Arizona’s 15 counties, and is a leader in delivering affordable, clean and reliable energy in the Southwest. The company is committed to serving customers with 100% clean power by 2050. As owner and operator of Palo Verde Generating Station, the nation’s largest producer of carbon-free electricity, and with one of the country’s most substantial renewable energy portfolios, APS’s current energy mix is 50% clean. With headquarters in Phoenix, APS is the principal subsidiary of  Pinnacle West Capital Corp . (NYSE: PNW).

Terra-Gen Launches PowerCore™ To Manage its Battery and Hybrid Asset Bidding and Scheduling in the CAISO

mwcms on July 5, 2023

Glendora, California – Terra-Gen, LLC (Terra-Gen), a leading developer and operator of clean energy projects across North America, has launched the PowerCore software platform from Power Settlements Consulting & Software (PSCS) to manage the bidding and scheduling of its portfolio of solar and clean storage (battery) resources within the California ISO (CAISO) energy market. Terra-Gen’s growing asset base includes solar and wind resources as well as 1,500 MW of energy storage with another 1,000 MW coming online within the next two years. The firm is now in production use of PowerCore for all of its CAISO market participation. The PowerCore platform modules that Terra-Gen has implemented include:

Trade Capture
Bidding Module
Scheduling Module (including Dynamic Limits Hybrid Submission)
Position Management
Visual Analytics
ISO Downloader
Settlements Analyzer
Shadow Settlements
Contract Billing (for complex bilateral settlements and invoicing)

Power Settlements was the clear choice to provide us with comprehensive bid-to-bill functionality that could handle our complex renewable bidding and settlements requirements for the CAISO market. They worked closely with us throughout the implementation process to meet all our specific requirements, and the Terra-Gen team has already derived significant benefits in multiple areas. The PowerCore modules we licensed have helped us more quickly bid, analyze, optimize, and report on the performance of our renewable and hybrid fleet, significantly enhancing our CAISO market participation and, ultimately, the more efficient delivery of clean energy to customers.”

Ryan Miller
Terra-Gen Manager of Scheduling

Jason Hebert, Senior Vice President with PSCS added, “Terra-Gen is an exemplary customer in its use of PowerCore. Their staff leverages the platform for all front-office requirements, including the automation of bid strategies to create day-ahead and real-time bid/offer curves for their complex hybrid generation assets, and then submitting the bids and schedules to the CAISO’s SIBR system. They also use PowerCore’s Visual Analytics module to monitor their performance. Additionally, Terra-Gen deployed PowerCore for their back-office needs including full CAISO shadow settlements, automation of complex bilateral counterparty settlements and invoicing (for PPA agreements), and ISO reporting. We’re excited about this successful go-live and look forward to supporting Terra-Gen’s CAISO market participation.”

About Terra-Gen, LLC
A leading U.S. developer, owner, and operator of utility-scale renewable energy projects in North America. Terra-Gen owns approximately 3.3 GW and 3,800 MWh of wind, solar and energy storage capacity in operation and construction across 28 renewable power facilities throughout the U.S. Our firm was formed in 2007 and is owned by ECP, a leading investor and facilitator of the energy transition, and Igneo Infrastructure Partners, a premier global investment manager with more than $15 billion in direct infrastructure assets. For more information, visit www.terra-gen.com.

El Paso Electric Company Accrues Significant Benefits in the Western Energy Imbalance Market (WEIM) After Launching PowerCore™ from Power Settlements

mwcms on May 7, 2023

Glendora, California – El Paso Electric Company (EPE) has implemented the comprehensive, cloud-based PowerCore™ software platform from Power Settlements. EPE chose PowerCore after a competitive selection process involving multiple vendors and is currently utilizing several of the platform’s modules to automate, optimize, and manage its front-office analytics, reporting, and back-office settlements for both the PRSC (merchant) and EESC (transmission) scheduling coordinators.

The PowerCore modules that EPE implemented include:

ISO Downloader (to download 100% of ISO data and perform reporting)
Visual Analytics (front-office and back-office dashboards, as well as real-time P&L analysis)
E-Tag Reporting (NERC/NAESB e-Tag integration and feature-rich reporting)
Meter Submission (integration and validation of internal meter data and ISO submission)
Settlements Analyzer (to compare ISO vs. shadow and view billing determinants)
Shadow Settlements (pre-settlements and statement validations)
EIM Sub-Allocations (OATT ISO statement allocation to transmission customers)
Contract Billing (complex bilateral settlements and counterparty invoicing)

Ana Boisselier, EPE Energy Accounting & Credit Supervisor spoke about the PowerCore rollout.

With 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 provided help 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 the initial onboarding to the 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 to 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 financial institution seeking a reliable and effective solution for EIM settlements processing.”

Ana Boisselier, EPE Supervisor of Energy Accounting & Credit

David Dan, Power Settlements CEO added, “We look forward to working with El Paso Electric over the long-term to help them achieve their enterprise goals and capture all the benefits of participating in the Western EIM. Power Settlements truly values this new partnership, which has helped us further cement our status as the dominant software provider to CAISO MRTU and WEIM participants.”

Nearly 85 percent of WEIM participants are now Power Settlements clients. They rely on the PowerCore platform’s broad array of mission-critical capabilities, and the deep subject matter expertise of PSCS’s staff to extract the maximum benefit possible from their market operations.

About El Paso Electric
El Paso Electric is a regional electric utility providing generation, transmission, and distribution service to approximately 450,000 retail and wholesale customers in a 10,000-square mile area of the Rio Grande Valley in west Texas and southern New Mexico. To learn more, visit https://www.epelectric.com.

Californa CCAs, Marin Clean Energy, and CleanPowerSF, Select Power Settlements for their CAISO Settlements, Reporting, & Bilateral Settlement Automation

mwcms on November 4, 2022

Glendora, California – Power Settlements, a leading software solution provider of cloud-hosted software for managing market participation and settlements in ISO/RTO markets, announces that two Community Choice Aggregators, Marin Clean Energy (MCE) and Clean Power San Francisco (CleanPowerSF), have selected Power Settlements for providing CAISO Settlements, Contract Billing, and Reporting software.

Both MCE and CleanPowerSF are part of the Community Choice Aggregation (CCA) program in California. CCAs have specific requirements to help with their participation with CAISO to be more efficient. Power Settlements’ platform PowerCore, is uniquely suited for meeting these requirements.

First, PowerCore interfaces with CAISO to bring in all the available data. This allows CCAs to have a single source for their data and participation with CAISO.

Second, the PowerCore supports all settlement-related charges and will also help to provide all the supporting data in case there is a dispute with the ISO.

Third, PowerCoreprovides a calculation engine that allows CCAs to support any complex bilateral counterparty PPAs, or other contracts that need to be settled.

Lastly, PowerCore supports a full reporting engine to customers (inclusive of API integration, database access, and file extraction to Excel CSV) to enable users to easily extract the data from PowerCore and develop customer-specific reports, invoices, graphs, and tables.

“The Power Settlements PowerCore system provides an excellent solution to meet the needs of CCAs that is not only economical but also provides the best customer support including our daily processing. No other company is as focused on CAISO as Power Settlements or can match our level of support and expertise on the CAISO market”, said David Dan, Founder and President of Power Settlements.

Today, more CAISO market participants, like CCAs, use Power Settlements than any other software vendor for back-office settlement-related solutions. Our latest technology allows for the rapid deployment and maintenance of complex settlement calculations for the reconciliation, data validation, and/or approvals of CAISO shadow settlements, PPAs, EMAs, transmission invoices, and other complex contract workflows. Power Settlements has an unprecedented 100% referenceable client base, an outstanding support team, and cutting-edge solutions that are rapidly deployable, flexible and easy to use.

About MCE

MCE is a not-for-profit public agency that has been setting the standard for clean energy in California since 2010. MCE offers 60% renewable power at stable rates, significantly reducing greenhouse emissions and reinvesting millions in local programs. Serving a 1,200 MW peak load, MCE provides electricity service and innovative programs to more than 575,000 customer accounts and 1.5 million residents and businesses in 37 communities across four Bay Area counties: Contra Costa, Marin, Napa, and Solano. For more information about MCE, visit mceCleanEnergy.org, or follow on Facebook, LinkedIn, Twitter, and Instagram.

About CleanPowerSF

CleanPowerSF, San Francisco’s community choice aggregation program, began serving customers in 2016 with a mission to provide San Francisco residents and businesses with clean, renewable electricity at competitive rates. Today, CleanPowerSF serves about 385,000 customer accounts and offers 50% and 100% California Renewable Portfolio Standard eligible renewable electricity service options. Over the past six years, CleanPowerSF has helped reduce greenhouse gas emissions from electricity use by 94% from 1990 levels.

About Power Settlements

Power Settlements is a leading cloud and on-premises software provider that specializes in providing solutions to energy companies that participate in the ISO and RTO physical power markets. Our flagship software solution is SettleCore, a modular platform that allows customers to select the modules that they need and to keep up with the evolving energy markets.

All the SettleCore modules are fully integrated in a single platform using the SQL Server database which provides for full auditability, traceability, and user security roles. To learn more, go to www.powersettlements.com or follow us on LinkedIn (@Power Settlements Consulting and Software).

Avista Corporation Implements the SettleCore System in the Western EIM

mwcms on March 11, 2022

Glendora, California – Avista Corporation (“Avista”) 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.“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 SettleCore system provides a full-suite solution that supports Avista’s real-time operations insights, post-market analysis, settlements shadow and validation, billing and invoicing, benefit calculation as well as any customization capabilities that are required. The SettleCore system is very intuitive to analytical minds showing the vendor focuses 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 in the WEIM” said Xin Shane, the Manager of EIM Settlements, and James Dykes, the Manager of EIM Technology Operations Lead.Power Settlements was selected by Avista through a competitive Request for Proposal (RFP) process for software to manage the WEIM integration for both EESC and PRSC back-office operations including Shadow Settlements and ISO Settlement Statement Validations, EIM Sub-Allocations, Contract Billing, Etag integration, and Reporting. Additionally, Avista procured Power Settlements’ Visual Analytics Module dashboard which provides a 360-degree view display of each of the customer’s unit and portfolio. The Visual Analytics Module includes both a near real-time view for real-time operations with built-in deviation analysis and PNL analysis functions, as well as a post-analytics view the following morning. Avista is also utilizing the SettleCore – ISO Downloader Module for downloading all of its CAISO data and reporting needs, the Etag Reporting Module for NAESB/NERC Etag integration and reporting, 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 EIM Sub-Allocations and Contract Billing Modules for billing and generating invoices to send to their transmission customers.“We are pleased to have helped Avista with their successful market go-live with WEIM. Avista is a great partner, and we look forward to providing superior support to them for many years to come,” said David Dan, CEO of Power Settlements. About Avista Corporation (Avista)Avista Corporation is an electric and natural gas utility company. The Company’s segments include Avista Utilities and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment provides electric distribution and transmission and natural gas distribution services in parts of eastern Washington and northern Idaho and northeastern and southwestern Oregon. The segment also engages in wholesale purchases and sales of electricity and natural gas as an integral part of energy resource management and its load-serving obligation. The AEL&P segment is a regulated utility providing electric services in Juneau, Alaska. Its regional services include government and higher education, medical services, retail trade and finance. It also has other businesses, including venture fund investments, real estate investments, as well as certain other investments made by Avista Capital, which is a subsidiary of the Company.About the SettleCore System by Power SettlementsPower 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, 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 a 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 auditing, tracking, and user security roles.

MISO MUI 2.0 and Short Term Reserve Initiatives Successfully Implemented by Power Settlements

mwcms on December 7, 2021

Power Settlements has successfully completed the implementation of two major MISO’s Market Initiatives: MISO MUI 2.0 and MISO’s Short Term Reserve project in our SettleCore® Platform.
MISO’s Short Term Reserve was successfully implemented prior to its start date December 7th, 2021.

MISO’s MUI 2.0 functionality was deployed to customers in December 2021, which was well in advance of the MISO January 18^th rollout date.These updates allow our clients to fully participate and utilize all the features in the new MISO Short Term Reserve and the new MISO MUI 2.0, as well as demonstrated Power Settlements’ commitment to our clients by providing the update to them with enough time to test and prepare for the market change.The MISO Market User Interface (MUI) allows Market Participants to transact with the MISO Energy & Ancillary Services Market. Designed over 15 years ago, the MUI required modernization to meet future performance, usability, reliability, and security needs. For more information on the MISO MUI 2.0 initiative, click here.

Post Go-Live Update: City of Redding Implemented the Bid-to-Bill PRSC EIM (Merchant) Functionality in the Power Settlements SettleCore Solution

mwcms on July 25, 2021

Glendora, California – The City of Redding (“REU”) successfully implemented the Power Settlements (“PSCS”) comprehensive suite of front-office products, including SettleCore ISO Bidding, ISO Scheduling, Trade Capture, Etagging and Delivery/Position Management modules, and Visual Analytics and back-office Settlements modules, in the CAISO’s Western EIM on March 25, 2021. In the Western Energy Imbalance Market (“EIM”), REU utilizes SettleCore for their PRSC (merchant) bidding and scheduling submittals, analytics, and settlement functions. REU’s decision to select the PSCS SettleCore system created a significant benefit by enabling a fully integrated software solution to perform their bilateral, ISO, and EIM energy management and scheduling functions.

As demonstrated with REU’s fully integrated front-office modules, the SettleCore Delivery/Position Management Module is the solution to pair with the SettleCore Trade Capture and SettleCore Etagging Modules. Delivery management allows REU to visualize, analyze, and manage Etag and Trade capture data, as well as balance ISO Base Schedules. Delivery Management enables the user to aggregate all outputs and inputs with ISOs for scheduling and balancing including base schedules, meters, demand forecasts, and interchange data in a single graphical interface. This out-of-the-box module provides a visual dashboard for the user to perform portfolio-level and counterparty position management with ease…drag-and-drop fields to build custom graphs and use built-in filters for graphing only the desired data points.

REU began using the SettleCore solution in 2020 beginning with their ISO MRTU activity and then added the EIM functionality in 2021. The Power Settlements solution deployed by REU includes:

Deal Management, Balancing, Interchange Management (SettleCore Trade Capture Module and Delivery Management Module)
ISO Bidding and ISO Scheduling (SettleCore Bidding Module and Scheduling Module); including the submission to the CAISO BSAP and SIBR systems
Full e-Tag creation/submission integrated with trading/scheduling (SettleCore E-Tag Module)”
Meter Data Submissions (SettleCore Meter Module)
Unit Performance and Profit and Loss Analytics (SettleCore Visual Analytics Module)
ISO Settlements, Shadow Settlements, Statement Allocations, and ISO reporting (SettleCore ISO Downloader Module, Settlements Analyzer Module, Shadow Settlements Module, and Allocations Module)

Kyle Hastings, Electric Utility Senior System Operator at City of Redding, said the following about the benefits provided to City of Redding by the SettleCore system: “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, Etag, 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. They have had excellent customer service and are always very quick to respond to any issues that come up real-time. We have been very 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, they have definitely made us feel just as important as any other 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.”

David Dan, the CEO of Power Settlements, had this to say regarding REU’s 4-month check-in after going live in the EIM, “Many of the CAISO and EIM customers utilize our Visual Analytics and our ISO Settlements and Shadow Settlements modules. While we have multiple bidding and scheduling customers in the CAISO MRTU markets, we are very pleased that the City of Redding is our first customer to go-live with the PRSC EIM (Merchant) bidding and scheduling functionality. They are an incredibly valuable customer and we look forward to providing superior support to them for many years to come.”

About the City of Redding (REU)

As the largest California city north of Sacramento, the City of Redding is the regional hub for retail, education, professional services, career opportunities, corporate and private business development, medical facilities, and government. The City of Redding is focused on providing a high quality of life for its citizens, remembering that families and neighborhoods are the centerpiece of our lives. The city supports programs that connect its unique natural beauty and rich history.

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 the analysis of ISO dispatch and automatic flagging of events to avoid costs and highlight trading opportunities. Visual Analytics displays data in both a 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

Turlock Irrigation District Implements the SettleCore System in the Western EIM

mwcms on April 23, 2021

Glendora, California – 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.

Four New Western EIM Members Successfully Go Live on the Power Settlements SettleCore Platform

mwcms on April 1, 2021

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, allows for efficient dispatch, and reduces the cost of serving load. Currently, the EIM has 13 active members and 8 more pending.

Power Settlements (PSCS) is pleased to announce the following clients went live in the Western EIM market, thus far in 2021.

March 25, 2021 Go-Lives:

Balancing Authority of Northern California (BANC)

A single platform used by the BANC Entity Scheduling Coordinator (EESC) administrator and the Participating Resource Scheduling Coordinator (PRSC) BANC members including the Sacramento Municipal Utility District (SMUD), City of Redding, City of Roseville, Modesto Irrigation District, and the Western Area Power Administration – Sierra Nevada division.

The SettleCore system provides BANC’s members the ability to view their PRSC data and to view and download their EIM Sub-Allocation statements and invoices.

BANC’s administrator utilizes the SettleCore system to perform the EESC back-office functions including Shadow Settlements and ISO Settlement Statement Validations, EIM Sub-Allocations, Contract Billing, and Reporting.

BANC members are able to perform Real-time and Historical PNL Analytics for front-office operations via the Visual Analytics Module.

City of Redding (REU)

REU implemented the SettleCore system modules that perform their PRSC Merchant front-office and back-office operations including, Bidding, Scheduling (BSAP and SIBR), E-tagging, Trade Capture, Position Management, Meter Data submissions, Shadow Settlements and ISO Settlement Statement Validations, and Reporting.

REU users are able to perform Real-time and Historical PNL Analytics for front-office operations via the Visual Analytics Module.

Turlock Irrigation District (TID)

TID implemented the SettleCore system modules that include both EESC and PRSC back-office operations including, Meter Data Submissions, Shadow Settlements and ISO Settlement Statement Validations, and Reporting.

TID users are able to perform Real-time and Historical PNL Analytics for front-office operations via the Visual Analytics Module.

April 1, 2021 Go-Live:

Los Angeles Department of Water and Power (LADWP)

LADWP implemented the SettleCore system modules that perform both EESC and PRSC back-office operations including Shadow Settlements and ISO Settlement Statement Validations, EIM Sub-Allocations, Contract Billing, and Reporting.

LADWP users are able to perform Real-time and Historical PNL Analytics for front-office operations via the Visual Analytics Module.

Power Settlements is looking forward to serving our new EIM clients and helping each one to be successful within the Western EIM Market.