Southern California Edison

Stuart Writght on July 19, 2024

“Southern California Edison (SCE) has been a happy client of Power Settlements since 2009. In 2024, and after careful consideration, we strategically migrated from the on-premise version of the PowerCore Platform to its cloud-based counterpart and couldn’t be happier with the results.

To give some context of scale, in 2023 alone, SCE settled and validated over $1 billion net ($9 billion gross) in California ISO (CAISO) charges leading to $65 million in successful disputes, using the thick (on-premise) version of PowerCore. One of the primary reasons for the change to its hosted environment was to ensure that the CAISO was accurately settling market charges and resolving inaccuracies and disputes efficiently, lowering costs for our customers. The hosted version of PowerCore has helped to enable this in several ways, including:

  1. SCE users have greatly benefitted from being able to better manage and more seamlessly (and accurately) validate market charges.
  2. PowerCore’s cloud version has helped streamline processing leading to successful disputes and savings, directly benefiting SCE customers.
  3. PowerCore’s hosted version with its enhanced application provides a better user experience facilitating easier data filtering and viewing capabilities.
  4. From a technical viewpoint, PowerCore’s cloud infrastructure has enabled faster and more frequent updates, keeping SCE at the forefront of technological advancements. It also provides unmatched flexibility, allowing our team to scale storage and CPU resources as-needed.
  5. By allowing Power Settlements personnel to handle support and maintenance of PowerCore in the cloud, SCE’s IT staff can focus more attention on other aspects of our business operations.

    The cloud-based PowerCore platform has been transformative for SCE. The benefits of quicker deployments, advanced user and technical functionality, and significant financial savings have had a profoundly positive impact on our business. We’re extremely satisfied with Power Settlements and their exceptional pre and post-go-live support, and we look forward to continued success together.

    Gita Razavi
    Sr. Advisor, CAISO Settlements & Market Analytics
    Southern California Edison

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    Wellhead Electric

    mwcms on March 7, 2024

    “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.”

    Justin Bosserman
    Project Manager
    Wellhead Electric

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    Turlock Irrigation District

    mwcms on March 7, 2024

    “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 PowerCore product is an essential tool 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 in real-time in the CAISO market. The ease of highlighting variances in the settlement statements utilizing Energy-Core’s shadow settlements has streamlined our settlement process. Additionally, we have also enjoyed the ability to easily export data to Excel to be able to further review the data.”

    Amanda Alberti
    Utility Analyst
    Turlock Irrigation District

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    Terra-Gen

    mwcms on March 7, 2024

    “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
    Manager of Scheduling
    Terra-Gen

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    San Francisco PUC

    mwcms on March 7, 2024

    “We were impressed with Power Settlements’ single solution software that supports straight-thru-processing of our energy trading and scheduling, credit and risk management, and ISO activity. We were looking for an established vendor with a solution to meet our current needs and accommodate our future growth and Power Settlements’ large customer base and extensive knowledge of the CAISO market were key factors in our vendor selection decision. We are thrilled that Power Settlements implemented the PowerCore solution on time and on budget. Now that we are in production, we are very pleased with the high level of support and attention that their staff provides.”

    Data Systems Manager
    San Francisco Public Utilities Commission

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    Salt River Project

    mwcms on March 7, 2024

    “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 PowerCore’s 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.”

    Jim Petersen
    Senior Principal Analyst, Market Strategies, and Analysis
    Salt River Project

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    Sacramento Municipal Utility District

    mwcms on March 7, 2024

    “Power Settlements’ EIM settlement software, including the Visual Analytics module, is intuitive and easy to use. The PowerCore 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 Settlements’ 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.”

    Jessica Kasparian
    Manager, Commodity Settlements & Load Forecasting
    Sacramento Municipal Utility District

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    Puget Sound Energy

    mwcms on March 7, 2024

    “EIM activity produces voluminous data and PowerCore is a key tool for efficiently managing and consuming data. PowerCore’s Visual Analytics module for historical and real-time has allowed PSE to track market operations in real-time and conduct post-analytics. PowerCore features business rules logic enabling us to track and monitor defined market events. PSE staff worked with Power Settlements to replicate CAISO EIM benefit logic, which has proven essential in validating CAISO’s benefit estimates. Power Settlements staff has been and continues to be flexible and responsive as PSE integrates PowerCore into operations.”

    Product Manager
    Puget Sound Energy

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    PacifiCorp

    mwcms on March 7, 2024

    “Utilizing the Power Settlements Visual Analytics module, PacifiCorp was able to quantify the benefits associated with additional capital investment at its generation facilities, utilizing VA’s profit and loss calculator. The Visual Analytics module allows us to see nodal-based P&L calculations that provide clear price signals associated with changes in the market in our balancing area, as well as changes in the broader EIM. This type of information has allowed us to more easily understand and quantify the benefits associated with enhanced flexibility at its plants and assess any capital improvements that may allow increased flexibility to react to changes in the market. In addition, PacifiCorp has been able to further analyze uninstructed deviations at its plants and spot issues in real-time to minimize cost impacts to its customers.”

    Kelcey Brown
    Director of Market Policy and Analytics
    PacifiCorp

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    Idaho Power

    mwcms on March 7, 2024

    “PowerCore Visual Analytics has allowed Idaho Power to review market operations in real-time and conduct post-market analytics for front and back office staff.  The software is intuitive, easy to use, and designed with an analyst mindset. The PowerCore Visual Analytics module also provides the ability to shadow the CAISO EIM benefits logic which has proven 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.”

    Jennifer Gerard
    Operations Settlement Leader
    Idaho Power

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