News - Power Settlements

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.

Salt River Project (SRP) Implements Power Settlements for Analytics in the Western Energy Imbalance Market (WEIM)

mwcms on January 15, 2021

Salt River Project (“SRP”), an energy company in Arizona with a peak load of approximately 7,250 MW and over 2 million customers, successfully entered the Western EIM in April 2020. SRP recently implemented the Power Settlements’ PowerCore solution for historical and real-time profit and loss (“PNL”) analysis, ISO/EIM reporting, and the counter-factual EIM Benefit calculations.

Jim Petersen, Senior Principal Analyst, Market Strategies, and Analysis at SRP said the following about their implementation of PowerCore, “SRP recently licensed Power Settlements PowerCore CAISO ISO Downloader, CAISO Visual Analytics, and CAISO Settlements Analyzer modules. Those modules along with the daily download and verifications service have significantly enhanced SRP’s ability to quickly identify, explore, and subsequently resolve EIM-related front and back-office issues. Specific features SRP has found to be of particularly high value to date include near real time reporting, visualization tools, customized business rules, EIM shadow benefits calculations, customization hours, and database access. Those features in conjunction with ease of use and exceptional customer support have resulted in a winning combination for SRP, helping us hit the ground running as a new CAISO EIM participant.“

The PowerCore Visual Analytics module is used to perform analysis of market dispatch, imbalance energy deviations, pricing, and PNL. The Visual Analytics module is a powerful dashboard and analytics tools which allows near real-time visibility into a market participant’s ISO or EIM activity. This empowers users to react to real-time operations and includes the following out-of-the-box EIM data points:

Base schedules
ISO real-time dispatches
Internal meter data
Imbalance energy deviations from dispatch
Locational market prices (LMPs)
Bid and offer curves
Unit outages
PNL 5-minute estimate
Business Rules to detect both Operational and Market anomalies

More than 75% of the Western EIM market participants have implemented the PowerCore Visual Analytics module which dule continues to help companies increase operational and market efficiencies.

The PowerCore Visual Analytics module may be used in all United States ISOs/RTOs/EIMs, including: CAISO, ERCOT, ISO-NE, MISO, NYISO, PJM, SPP, WEIS (SPP), and Western EIM (CAISO)

About Salt River Project Power and Water (SRP)

SRP has built a legacy by delivering water and power to the Phoenix metropolitan area for more than 100 years. Today, we are among the largest public power utilities in the nation and the Phoenix area’s largest supplier of raw water, serving more than 2 million businesses and residents in Central Arizona. SRP is committed to helping the Valley of the Sun grow and thrive for the next 100 years.

About the PowerCore 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 PowerCore is a leading platform for participants in the ISO and RTO Markets. The PowerCore 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 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 PowerCore 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 PowerCore e-Tag module is a fully compliant NAESB Tag Agent and Tag Approval service that supplies unparalleled access to Etag data. All of the PowerCore modules are fully integrated in a single system using the SQL Server database which provides for full auditability, traceability, and user security roles.

Seattle City Light (SCL) Implements Power Settlements for CAISO EIM Analytics, Real-Time P&L, and Verification of EIM Benefits

mwcms on August 10, 2020

Seattle City Light (“SCL”), a publicly owned utility with a portfolio of over 2,000 megawatts of generation, has implemented the Power Settlements’ SettleCore – Visual Analytics Module for real-time profit and loss (“PNL”) reporting and post-analytics of both individual plants and a portfolio view. Visual Analytics allows SCL to analyze CAISO Energy Imbalance Market (“EIM”) and internal data including base schedules, 15-minute market schedules, real-time dispatch, meter, imbalance energy deviations, LMPs, generation cost pricing, and profits and losses in a single graphical interface. This out-of-the-box module also includes the EIM Benefits counterfactual shadow calculation to compare to the CAISO’s published EIM Benefits numbers. SCL uses the SettleCore – Settlements Analyzer Module for drilling into the CAISO-published settlement statements, billing determinants, and invoices and to analyze differences between settlement statement versions.

The SettleCore – Visual Analytics Module is a dashboard that displays the customer’s EIM PNL and dispatch data components in a single screen, for analysis of either the current day’s real-time data or historical days (post-analytics). This module graphically displays the EIM’s many data sources, including ADS, BSAP, CMRI, Master File, OASIS, OMS, and SIBR data in a single screen. The customer’s internal PI or SCADA meter data is imported to enable the near real-time display of imbalance energy (uninstructed deviations), and a calculation of the customer’s PNL in the EIM.

Mitch Kunstel (Power Marketer) and Nhung Mach (Strategic Advisor) at SCL said the following about the benefits provided to SCL by the SettleCore system: “Power Settlements SettleCore system has enhanced the analysis and operation of Seattle City Light’s Power Marketing Division. As a new EIM participant, SCL has leaned on the SettleCore Visual Analytics tool to identify Master File enhancements, CIDI ticket submissions, training opportunities and participation strategies for our Traders. In addition, the CAISO Settlement Analyzer and EIM Shadow Benefit calculation have been instrumental in validating Settlement statements and CAISO quarterly benefit numbers. SCL highly recommends working with the Power Settlements team; they are a superior vendor that exemplifies customer service and support.”

“We are pleased to announce that Seattle City Light is now live on the SettleCore platform. SCL relies upon the Visual Analytics Module’s single-screen dashboard for monitoring their real-time and historical performance in the EIM. More than 75% of all of the CAISO EIMs have implemented the SettleCore – Visual Analytics Module, and we are excited to now support SCL. We welcome SCL as one of our customers and look forward to providing superior support to them for many years to come,” said David Dan, CEO of Power Settlements.

About Seattle City Light (SCL)

Seattle City Light, a department of the City of Seattle, is one of the nation’s largest publicly owned utilities in terms of the number of customers served. Seattle City Light is dedicated to delivering customers affordable, reliable and environmentally responsible electricity services.

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.

SMUD Implements Power Settlements for Western EIM Analytics, Shadow Settlements, Allocations, and Reporting

mwcms on April 1, 2019

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.

Idaho Power Selects the Power Settlements Solution for EIM Operational Analytics and Settlements Analysis

mwcms on January 15, 2019

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.”

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.

Puget Sound Energy Implements the Power Settlements Visual Analytics Module for Analytics and Reporting in the CAISO EIM

mwcms on February 1, 2018

Puget Sound Energy (“PSE”), a utility with approximately 3,500 MW of generation, has implemented the Visual Analytics Module for performing the functions of post-analytics and real-time analytics in the CAISO Energy Imbalance Market (“EIM”). PSE also utilizes the Visual Analytics Module for validating the CAISO-published EIM Benefits amounts.

The Power Settlements 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.

“EIM activity produces voluminous data and SettleCore is a key tool for efficiently managing and consuming data. SettleCore Visual Analytics for historical and real-time has allowed Puget Sound Energy to track market operations in real-time and conduct post analytics. SettleCore features business rule logic that enables PSE to track and monitor defined market events. PSE staff worked with Power Settlements to replicate CAISO EIM benefit logic, which has proved essential in validating CAISO’s benefit estimates. Power Settlements staff has been and continues to be flexible and responsive as PSE integrates SettleCore into operations”, said Product Manager, Puget Sound Energy.

“We are excited to announce that Puget Sound Energy is now one of our customers. PSE utilizes the Power Settlements Visual Analytics Module to perform their CAISO EIM post-analytics, real-time analytics, reporting, and EIM Benefits validation. PSE has reported significant benefits from using this module. We are very pleased to count PSE as one of our customers and look forward to providing superior support to them for many years to come,” said David Dan, CEO of Power Settlements.

About Puget Sound Energy

Puget Sound Energy is the largest energy utility in the state of Washington, providing electric power to more than 1 million customers.

Approximately 46 percent of the electricity PSE customers use comes from our own power plants. We currently have more than 3,500 megawatts of power-generating capacity. We purchase the rest of our power supply from a variety of other utilities, independent power producers and energy marketers across the western United States and Canada.

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. 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.

Wellhead Electric Implements Power Settlements for CAISO Shadow Settlements and Real-Time Situational Awareness Analytics

mwcms on December 1, 2017

Wellhead Electric, an energy company with generation in the CAISO market, has implemented the Power Settlements solution for their front-office analytics and their back-office settlements and reporting.

The Power Settlements SettleCore solution for the CAISO market includes the ability to automatically download all CAISO data sources (including ADS, CMRI, OASIS, OMS, Master File, MRI Settlements, SIBR, etc.) screens to view the data, and a Create-a-Report screen to extract 100% of CAISO data sources to MS Excel for a range of dates. The Shadow Settlement module enables more than 150 charge codes to be shadow estimated and validated. The Settlements Analyzer Module is used to compare any two Settlement files to each other (CAISO or Shadow), automatically flags variances and potential disputes, and includes an unparalleled drill-down feature for analyzing billing determinants. The Visual Analytics module has both an historical and a Real-Time screen for viewing all of the components of a company’s generator dispatch and PNL.

“We selected Power Settlements because they were the most responsive and informed group that we spoke to in our initial software screening. In implementation they have continued to display that level of expertise. Power settlements provides enough of a quantitative difference in processing capability, as to arrive at a qualitatively different staff experience. It’s the difference between a trader spending 4 hours analyzing a single day’s settlement in .XLS, and spending 5 minutes confirming an outcome in full color charts via Visual Analytics. It’s the difference between IT spending an hour a day making sure data gets downloaded, and simply logging in to review your already downloaded data. It’s the difference between having your accounting department spend 10 hours correlating CAISO reports to compare to a CAISO statement, and just clicking one button to receive that spreadsheet. In other words, it’s the difference between making a profit, and spending that profit on the time it takes trying to figure out if you did.

Of course, there are other products out there, but when you consider the staff, the customization capability, and the modern platform that Power Settlements provides, you can’t beat the value for the price”, said Justin Bosserman, Project Manager, Wellhead Electric.

“Wellhead Electric is a fantastic customer. They utilize several of the SettleCore back-office modules for processing their CAISO data, settlements, and detailed reporting. Their front-office relies on the Visual Analytics Module for historical and real-time analysis of the performance of their generation and PNL in the ISO markets. Wellhead Electric has been a great customer and we look forward to supporting them for many years to come”, said David Dan, CEO of Power Settlements.

About Wellhead Electric Company

Wellhead is a developer, owner and operator of small and medium scale power generation projects. Since 1982, Wellhead has been involved in the development, construction and/or operation of twenty facilities including four combined heat and power (CHP), one landfill gas generation facility, and one solar PV facility. Wellhead and its related companies currently own and/or operate eleven projects totaling approximately 418 MW with an additional 828 MW in advanced stages of development. See the Business Areas tab for more information about third party EPC services and Hybrid EGT installation.

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. 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.