El Paso Electric Company Accrues Significant Benefits in the Western Energy Imbalance Market (WEIM) After Launching PowerCore™ from Power Settlements

mwcms on May 7, 2023

Glendora, California – El Paso Electric Company (EPE) has implemented the comprehensive, cloud-based PowerCore™ software platform from Power Settlements. EPE chose PowerCore 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 PowerCore 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 PowerCore rollout.

With EPE joining the Energy Imbalance Market (EIM), the company needed a settlements application that could support the new EIM settlements functions. PowerCore 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 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. PowerCore’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 PowerCore.

In summary, the implementation of PowerCore 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 PowerCore 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 PowerCore 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.

Californa CCAs, Marin Clean Energy, and CleanPowerSF, Select Power Settlements for their CAISO Settlements, Reporting, & Bilateral Settlement Automation

mwcms on November 4, 2022

Glendora, California – Power Settlements, a leading software solution provider of cloud-hosted software for managing market participation and settlements in ISO/RTO markets, announces that two Community Choice Aggregators, Marin Clean Energy (MCE) and Clean Power San Francisco (CleanPowerSF), have selected Power Settlements for providing CAISO Settlements, Contract Billing, and Reporting software.

Both MCE and CleanPowerSF are part of the Community Choice Aggregation (CCA) program in California.  CCAs have specific requirements to help with their participation with CAISO to be more efficient.  Power Settlements’ platform PowerCore, is uniquely suited for meeting these requirements. 

First, PowerCore interfaces with CAISO to bring in all the available data. This allows CCAs to have a single source for their data and participation with CAISO.

Second, the PowerCore supports all settlement-related charges and will also help to provide all the supporting data in case there is a dispute with the ISO. 

Third, PowerCoreprovides a calculation engine that allows CCAs to support any complex bilateral counterparty PPAs, or other contracts that need to be settled.

Lastly, PowerCore supports a full reporting engine to customers (inclusive of API integration, database access, and file extraction to Excel CSV) to enable users to easily extract the data from PowerCore and develop customer-specific reports, invoices, graphs, and tables.

“The Power Settlements PowerCore system provides an excellent solution to meet the needs of CCAs that is not only economical but also provides the best customer support including our daily processing.  No other company is as focused on CAISO as Power Settlements or can match our level of support and expertise on the CAISO market”, said David Dan, Founder and President of Power Settlements.

Today, more CAISO market participants, like CCAs, use Power Settlements than any other software vendor for back-office settlement-related solutions.  Our latest technology allows for the rapid deployment and maintenance of complex settlement calculations for the reconciliation, data validation, and/or approvals of CAISO shadow settlements, PPAs, EMAs, transmission invoices, and other complex contract workflows.  Power Settlements has an unprecedented 100% referenceable client base, an outstanding support team, and cutting-edge solutions that are rapidly deployable, flexible and easy to use.


About MCE


MCE is a not-for-profit public agency that has been setting the standard for clean energy in California since 2010. MCE offers 60% renewable power at stable rates, significantly reducing greenhouse emissions and reinvesting millions in local programs. Serving a 1,200 MW peak load, MCE provides electricity service and innovative programs to more than 575,000 customer accounts and 1.5 million residents and businesses in 37 communities across four Bay Area counties: Contra Costa, Marin, Napa, and Solano. For more information about MCE, visit mceCleanEnergy.org, or follow on Facebook, LinkedIn, Twitter, and Instagram.


About CleanPowerSF


CleanPowerSF, San Francisco’s community choice aggregation program, began serving customers in 2016 with a mission to provide San Francisco residents and businesses with clean, renewable electricity at competitive rates. Today, CleanPowerSF serves about 385,000 customer accounts and offers 50% and 100% California Renewable Portfolio Standard eligible renewable electricity service options. Over the past six years, CleanPowerSF has helped reduce greenhouse gas emissions from electricity use by 94% from 1990 levels.


About Power Settlements


Power Settlements is a leading cloud and on-premises software provider that specializes in providing solutions to energy companies that participate in the ISO and RTO physical power markets. Our flagship software solution is SettleCore, a modular platform that allows customers to select the modules that they need and to keep up with the evolving energy markets.


All the SettleCore modules are fully integrated in a single platform using the SQL Server database which provides for full auditability, traceability, and user security roles. To learn more, go to www.powersettlements.com or follow us on LinkedIn (@Power Settlements Consulting and Software).