TransmissionCore
TransmissionCore
Harmonize transmission billing, settlement, and allocations.
TransmissionCore optimizes transmission billing, settlement, and allocations using complex calculation methods, integrating essential operational data, and disaggregating charge code amounts to cost-causing assets.
Enhance Billing & Settlements Precision
Customize billing formulas and timelines to process settlements fast using a powerful calculation engine that aligns with enterprise workflows and market changes.
Automate & Augment Critical Workflows
Validate invoices to improve transaction confidence, automate shadow estimates and verifications per ISO standards, and better manage disputes to improve transparency and accountability.
Improve Data Veracity & Augment Security
Securely store key formula variables and integrate crucial transmission invoicing data (e.g., schedule, e-Tag, and meter volumes, ISO charges and billing determinants, etc.).
Contract-Core
Schedule-Core
Settle-Core
Analytics-Core
Transmission-Core
ETRM-Core
Transmission Billing
TransmissionCore allows transmission service providers (TSPs) and other market participants to coordinate and better manage transmission billing and settlement operations while improving decision-making confidence and clarity with every transaction. TransmissionCore employs myriad calculation methods, from rate-based algorithms to intricate, contract-specific formulas, all within tight processing windows.
Core Capabilities
Enable Transmission Customer Validations
Customize invoicing timelines to align with organizational workflows and allow customers to validate invoices using detailed supporting data extracts.
Build Tailored Billing Formulas
- Sophisticated billing formulas are fully customizable to meet complex, enterprise-specific requirements.
- Transmission entities and balancing authorities can store key formula variables and merge important operational data (e.g., schedule and meter volumes, ISO charges and billing determinants, etc.).
Calculate Faster & More Precisely
Exceptionally rapid processing speeds keep pace with dynamic market demands and allow calculations to frequencies as low as one minute.
A Customized Solution for Your Business
- Tailored methods allocate payments and charges.
- Define any invoicing frequency (daily, weekly, monthly, or combinations thereof).
- Store tariffs and contract-specific constants/flags.
- Audit trails provide transparency and accountability.
Energy Imbalance Market (EIM) Settlements
EIM entities can transform their market participation and enhance operational success:
- Compute BA and ISO shadow settlements.
- Allocate EIM settlement statement amounts.
- Quickly resolve intricate load and settlement computations.
- Streamline TC invoicing with supporting details.
“Eugene Water & Electric Board (EWEB)… Selects Power Settlements’ CAISO Market Participation & Transmission Settlements Software Solution”
Transmission Shadow
TransmissionCore’s Transmission Shadow module streamlines and enhances the accuracy of financial operations for transmission service providers (TSPs) and other energy market participants. It helps precisely and reliably manage and settle millions to (in some cases) billions of dollars each year.
Core Capabilities
Shadow Under Strict Business Rules
Automate and enable the early estimation and validation of settlement statements while strictly adhering to ISO business practices and tariff formulas.
Independently Verify Transmission Invoices
Validate invoices using independent market data.
Resolve Settlement Disputes Faster
Use automation and detailed supporting data to resolve disputes far more quickly.
Cater to Transmission Providers/Customers
- Customize invoice frequencies to meet specific transmission customer needs.
- Easily validate payments and charges for providers and customers with full audit trails.
Quickly Process Large Data Volumes
Processes large data volumes with user-defined rate-based and contract-specific formulas, surpassing the capabilities of traditional spreadsheets.
Fortify & Enhance
TransmissionCore is a customizable, flexibly deployed solution that delivers all the automation and calculation firepower needed to optimize transmission settlements.
Allocations
Automate counterparty and regulatory reporting, and asset-level P&L analysis from shadow settlements or ISO settlement statements. Disaggregate and assign charge code amounts to specific, cost-causing resources, and perform settlement analytics at the individual asset level (e.g., for generators, loads, or intertie interchange).
Core Capabilities
Improve Allocation Accuracy
Run allocations on ISO settlement files and shadow settlements. View asset-level results for 100% of charge codes with a quantity, price, and amount.
- Allocate portfolio-level charges to individual assets.
- Allocate scheduling coordinator-level charge code amounts to cost-causing resources.
Automate P&L Analytics & Reporting
Automate counterparty and regulatory reporting, and asset-level P&L analysis from shadow settlements or ISO/RTO settlement statements.
Optimize Front & Back Office Productivity
The front-office can more precisely reflect P&L for ISO transactions, while back-office staff can generate customer invoices faster with greater accuracy.
Energy Imbalance Market Sub-Allocations
EIM entities receive settlement charges from an ISO based on market activity. They are charged using different approaches, all of which originate with actions taken by the participating EIM entity or one of its control area customers. Note that:
- Energy Imbalance Market allocations use a highly tailored approach for assigning charges and credits to customers and counterparties.
- Charges and credits are assigned based on a participating entity’s generation, transmission, and/or load service.
TransmissionCore elevates the capabilities of EIM participating entities to perform financial allocations based on ISO settlement charges. It analyzes e-Tag and other transmission data, meter data, and ISO-based reports to apportion pertinent charges to counterparties.
Discover TransmissionCore
Coordinate and automate all transmission billing and settlement functions in one, powerful solution.