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 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.
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.
“The SettleCore 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 SettleCore 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.”
“Utilizing the Power Settlements Visual Analytics module, PacifiCorp was able to quantify the benefits associated with additional capital investment at its generation facilities, utilizing the profit and loss calculator in a quick and easy manner. The Visual Analytics module allows PacifiCorp to see nodal based profit and loss calculations that provide clear price signals associated with changes in the market in PacifiCorp’s balancing area and changes in the broader EIM. This type of information has allowed PacifiCorp 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.”
“Power Settlements has been a fantastic business partner. They implemented the SettleCore product ahead of schedule and did an excellent job of delivering a well-tested product that met or exceeded our specific requirements. Where we needed enhancements to the product the Power Settlements team was readily available to hear our requests, they quickly comprehended what our needs were and rolled out the enhancements in a timeframe that exceeded our expectations. The Power Settlements team has been an exceptional business partner and I consider them best in class for exceeding our customer service expectations in the areas of fast response times to requests, technical expertise, reliability, flexibility and follow through. I highly recommend working with the Power Settlements team if you are a participant in the CAISO market.”
“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.”
“Power Settlements has simplified our MISO interactions and improved our processes. Demand bids, energy offers, financial schedules, and corresponding settlements can be managed across multiple asset owners with fewer staff-hours and less potential for error. Data extraction, data handling, report creation, and general back-office activities have been made considerably easier.”
“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.”
“The Power Settlements system has really been a huge benefit to us. Our schedulers and traders have already seen a huge benefit from the Visual Analytics module. With a single Real-Time dashboard that automatically updates itself every 5 minutes, we now have real-time visibility into our CAISO’s 5-minute ADS generator dispatches, our internal meter data reads, real-time imbalance energy, all of our schedules and all of the LMPs. Having a single screen with all of this information, which allows us to perform Real-Time analysis and reporting, has been amazing. Within just a few weeks after the Power Settlements implementation, we have already found several internal and CAISO issues that we are following up on to further improve our generator performance.
The SettleCore system is easy to use and our settlement analysts are able to quickly identify the source of settlement discrepancies between the shadow and MISO. SettleCore’s accuracy and intuitive format has added efficiency to our settlement process, as well as increased the level of confidence in the accuracy of our shadow settlements. Our interaction with Power Settlements, from the first demo, through a full featured trial phase and into production has been smooth and professional. They are very attentive to details, knowledgeable about the MISO market and willing to make product changes that increase our productivity. We would highly recommend that anyone looking for a robust settlements system consider Power Settlements.”
“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 SettleCore 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.”
“One year ago, we implemented the SettleCore™ 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 SettleCore™ product and their customer support staff have allowed us to realize a new level of efficiency across multiple departments. We are extremely happy with our selection of SettleCore.”
“Power Settlements and the SettleCore solution have exceeded our expectations. We use SettleCore for generation offers, shadow settlements, outage management and meter data submissions in MISO. In particular, the SettleCore – Business Intelligence and Analytics Module, with its graphical screens for reviewing our MISO Day-Ahead and Real-Time awards and operational performance, has provided such incredible value in an easy-to-view presentation that it is used by generator dispatchers at the plant to individuals in our executive management team. It is easy to use and it greatly assists us with our real-time decision making and ability to identify operational issues and market challenges.”
“Power Settlements did a great job for us producing a custom CAISO ADS application that displays multiple resource graphs on the same screen and gives audible alarms for all load changes. It makes managing five-minute dispatch orders on multiple units a lot easier for the operators. Thank you Power Settlements.”
“We have used the SettleCore system as our CAISO settlements software for the past few years. We use this system daily to analyze settlement results for commercial operations and financial analysis at our Plant. The software is robust and dynamic – exportable and configurable. There is so much information coming from the ISO. Every so often something new needs to be analyzed and implemented. There have been a number of times that I have worked with Power Settlements staff to create a report from concept to export in less than a week. They have always been able to fit us in and get it done. Power Settlements has proven to me that they can provide expertise, customer service, and a solution in a short amount of time. We recommend them as a provider of settlements software.”
“Power Settlements, and the SettleCore system, have been a great service to our organization while providing expert knowledge in the complex California ISO Energy Markets. They also provide timely service and system upgrades that keep our traders and back office personnel abreast of the ever-changing world of deal pricing management and Shadow Settlements with the ISO.”
“We now have a single application that is used by our organization for transacting with the CAISO and our counterparties – from entering the deals to scheduling, downloading CAISO data, calculating shadow settlements, reporting, and counterparty settlement. Since the production rollout of the SettleCore deal capture and scheduling functionality, our traders and schedulers are extremely pleased.”
“We were very impressed with the superior functionality of the SettleCore application and the incredible customer service provided by Power Settlements. We wanted our front-office users to benefit from the SettleCore application as well. We realized that a single, completely integrated application for all of our front-office and back-office users would result in a material time and cost savings for our organization.”