BOULDER, CO - April 23, 2024 - Yes Energy, a leader in power markets data, today announced the acquisition of Power Settlements. The combination of…
Glendora, California – El Paso Electric Company (EPE) has implemented the comprehensive, cloud-based SettleCore™ software platform from Power Settlements (PSCS). EPE chose SettleCore™ 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 SettleCore™ 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 SettleCore™ rollout.
With EPE joining the Energy Imbalance Market (EIM), the company needed a settlements application that could support the new EIM settlements functions. SettleCore 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 SettleCore 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. SettleCore’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 SettleCore.In summary, the implementation of SettleCore 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 SettleCore 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 SettleCore 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.
