SettleCore
SettleCore
The ultimate back-office solution for energy market participants.
SettleCore is the energy industry’s most advanced back-office solutions platform incorporating meter data management, settlements, (predictive) shadow settlements, and “what-if” shadow analytics.
“Future-Proof” Your Back-Office
SettleCore continually adapts to the changing energy marketplace, ensuring back-office efficiency, compliant, and strategically aligned with enterprise financial goals.
Enable “Predictive Settlements”
Gain crucial settlement intelligence that allows analysts to assess various operational scenarios and their financial outcomes, optimizing resources and improving scheduling.
Integrate & Automate
Connect with any metering system and ensure fast, accurate submissions through customizable imports and validations. Automate the management, validation, and reporting of market settlements, freeing your team from manual tasks.
Contract-Core
Schedule-Core
Settle-Core
Analytics-Core
Transmission-Core
ETRM-Core
Meter Submission
Easily connect to metering systems and automate the upload of meter data to ISOs/RTOs, converting it to the required formats and facilitating pre-submission viewing, validation, and post-submission real-time status updates. SettleCore’s Meter Submission module helps maintain operational excellence and bolster your competitive edge in volatile markets.
Core Capabilities
Easily Connect & Integrate
Tailor raw meter data imports and connect to metering systems (e.g., PI, Historian, SCADA, MV90, and more).
Validate Data Prior to Submission
Conduct pre-submission review and verification of meter data before submitting to an ISO(s):
- Quickly deny or accept override values.
- Automatically substitute values for specified resources with missing data.
- Modified submissions are flagged and notated.
Monitor & Follow Your Meter Data
Continually monitor the submission status of meter data to ensure it was successfully received by the ISO(s).
Leverage “Child Data Grids”
View and consume meter data in the ISO-mandated format. View logs related to ISO meter data submission, including the batch status, error codes, and all submittal messages. Also, view mappings of internal meter data and translate it to the ISO Resource ID level.
Speed Data Calculation & Conversion
Rapidly convert meter data into the format required by any market operator. Configure and automate key calculations (e.g., for load, 5-minute meter data, etc.)
Quickly Analyze & Make Adjustments
PowerCore’s Visual Analytics functionality works hand-in-hand with SettleCore to display meter data sets for comparative analysis with ISO dispatches and reports.
“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.”
Ana Boisselier
Energy Accounting & Credit Supervisor
El Paso Electric
Settlements
Unlock unparalleled efficiency and cost savings by automating and optimizing all basic-to-advanced processing, viewing, validation, and reporting requirements for back-office professionals. Fortify your enterprise’s financial efficacy and integrity with streamlined workflows, effortless access to ISO files, billing determinants, and critical comparisons with shadow data.
Core Capabilities
Quickly Analyze & View Discrepancies
Compare and automatically display variances between versions of market settlements transforming complex analyses into a simple, automated process.
Simplify Settlement Validations
Automatically download and parse settlement statement data into greatly simplified but comprehensive verification and validation reports.
Integrate with any AR/AP Systems
Seamlessly connect to accounts receivable/payable, and ERP systems for valuable integration that maximizes bottom lines and management insights.
Get Instant Clarity with Tailored Dashboards
SettleCore’s user interface helps make sense of detailed data sets such as:
- Daily market results and charge code amounts
- 5-minute and hourly settlements charge code volumes/prices/amounts
- Primary and intermediate market results settlements billing determinants.
Transfer Data Easily Between Systems
Easily move any invoice and settlement data into and out of Excel or other databases.
Amplify Back-Office Productivity
SettleCore optimizes back-office operations saving up to millions of dollars annually.
Shadow Settlements
Accurately and quickly validate ISO settlement statements right after they are published. SettleCore’s Shadow Settlements module revolutionizes the process of due diligence and validation for ISO settlement statement payables and receivables, often leading to millions of dollars in annual savings.
Core Capabilities
Eliminate Spreadsheets & Risk
Relying on spreadsheets for timely, accurate settlements is a risky practice of the past. SettleCore integrates advanced shadowing as base-level functionality in order to uncover savings and improve enterprise results.
Quickly Run Predictive Shadow Settlements
Run predictive settlements before importing ISO statements, providing early estimates for charge codes and better visibility into P&L estimates by T+1. Run pre-settlements:
- As early as one day after power flows (T+1).
- Before an ISO publishes its settlement files.
Conduct Powerful Comparative Analytics
Compare shadow settlements to ISO settlement files with SettleCore’s advanced calculation engine (and its Settlements Analyzer module) that outperform third-party tools and difficult-to-maintain in-house systems.
Gain Confidence with Advanced Audit Trails
All shadow settlements are fully versioned with clear, precise, easily understood audit histories.
Create, Manage & Resolve Disputes Faster
Advanced automation identifies, and tracks disputes and speeds them toward resolution with detailed supporting and justification data.
“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 […] PowerCore.”
Gita Razavi
Sr. Advisor, CAISO Settlements & Market Analytics
Southern California Edison
What-If Shadow
When front-office staff ask the back-office to estimate what ISO settlements would have been if plants had operated differently, SettleCore’s What-If Shadow functionality delivers. It generates vital intelligence to finetune resource optimization, scheduling, and bidding in dynamic energy markets.
Core Capabilities
Scenario Test Different What-If Conditions
- Base schedules
- Meter values
- Unit start-up/shut-down times (in variance from what ISO dispatch)
- Locational marginal prices (LMPs)
- Variable bid cost recovery flags
Iterate, Analyze & Optimize Performance
Easily run and rerun comprehensive shadow settlement for all charge codes.
Compare Results in Settlements Analyzer
The results of What-if shadow settlement calculation runs can be displayed at any level of granularity in PowerCore’s Settlements Analyzer tool, or in other business intelligence products.
Discover SettleCore
SettleCore is the energy industry’s most advanced, multi-capable back-office solutions platform.