City of Vernon Successfully Implements the Power Settlements Solution for the CAISO Market

mwcms on April 1, 2016

The City of Vernon, a municipal utility with a peak load of approximately 194 MW and more than 130 MW of generation, implemented the Power Settlements solution for the CAISO market. The City of Vernon implemented the Power Settlement Visual Analytics module for analyzing unit dispatch in Real-Time and the Settlement modules for performing CAISO charge code shadow settlements and statement validations.

Efrain Sandoval, Resource Scheduler at the City of Vernon, had this to say, “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.”

City of Vernon further commented, “Regarding the Power Settlements back-office functionality, now all of our CAISO data downloading is completely automated and we are able to shadow estimate and validate our CAISO settlement statements accurately and on time. Weekly reporting processes that we previously completed manually that would take days to perform are now able to be completed in about just 2 hours using the Power Settlements system. The Power Settlements modules for CAISO Settlements have provided us the transparency, calculation accuracy, and ease of use that we originally saw during the original Power Settlements demonstration. We are very pleased with the Power Settlements system.”

The Power Settlements solution for the CAISO market includes the ability to automatically download all CAISO data sources (including ADS, CMRI, OASIS, OMS, Master File, MRI Settlements, SIBR, etc.) screens to view the data, and a Create-a-Report screen to extract 100% of CAISO data sources to MS Excel for a range of dates. The Shadow Settlement module enables more than 150 charge codes to be shadow estimated and validated. The Settlements Analyzer Module is used to compare any two Settlement files to each other (CAISO or Shadow), automatically flags variances and potential disputes, and includes an unparalleled drill-down feature for analyzing billing determinants. The Visual Analytics module has both an historical and a Real-Time screen for viewing all of the components of a company’s generator dispatch.

“We are thrilled that the City of Vernon implemented the Power Settlements system. The implementation for the City of Vernon was our 12th deployment of the Power Settlements system for market participants in the CAISO market. The City of Vernon has been a great customer and we look forward to supporting them for many years to come”, said David Dan, CEO of Power Settlements.

About the City of Vernon

The City of Vernon Gas & Electric Department serves as an essential resource to the city’s business community, providing dependable, high-quality utility services at very competitive rates. Gas & Electric offers electricity, natural gas and fiber optic services to Vernon based businesses, often at a cost savings compared to neighboring utility providers. The City-owned electric, natural gas and fiber optic distribution systems have a strong, established history of reliability, capable of efficiently and successfully serving the needs of the City’s unique business community.

Please visit http://www.cityofvernon.org/departments/gas-and-electric for more information about the City of Vernon and its facilities.

About the Power Settlements SettleCore Solution

SettleCore is a leading platform for participants in the ISO and RTO Markets. The SettleCore ISO/RTO modules enable full bid-to-bill functionality from bid submission through data downloading, reporting, and shadow settlements and settlement statement validation in the ISO markets. The SettleCore Visual Analytics Module is the leading visual dashboard for analysis of ISO dispatch and automatic flagging of events to avoid costs and highlight trading opportunities. Visual Analytics displays data in both an historical screen as well as an on-demand real-time screen. The SettleCore ETRM system includes a very robust, modular and fully integrated Energy Trading and Risk Management system, which includes power and natural gas deal entry for transactions in ISOs as well as bilateral transactions outside ISOs, settlements and invoicing, mark-to-market, the enforcement of counterparty credit and trader limits and risk management analytics. All of the SettleCore modules are fully integrated in a single system built in Microsoft .Net, using the SQL Server database that provides for full auditability, traceability, and user security roles.

More information about Power Settlements can be found at http://powersettlements.com/

Power Settlements Announces the Release of the CAISO EIM Module

mwcms on October 1, 2015

Power Settlements is pleased to announce the release of the SettleCore – EIM Module for CAISO EIM market participants. This fully functional module for market participants of the California ISO’s Energy Imbalance Market (“EIM”) may be used by EIM Entities and EIM Participating Resources and includes the following features:

  • Download 100% of CAISO EIM data, including BSAP (baseline schedules), CMRI (awards), ADS (5-minute dispatches), OMS (generator outages), OASIS (LMPs), Master File, and MRI Settlements (Settlement Statements, Billing Determinants, and Invoices).
  • Screens and reports to view and extract all EIM data.
  • Shadow Settlement and Validation of all EIM charge codes.
  • Graphical analysis of historical and Real-Time CAISO dispatch.

“Power Settlements is one of the largest vendors for CAISO market participants, and now CAISO EIM market participants will be able to utilize our market-leading software for their participation in the CAISO EIM market,” said David Dan, CEO of Power Settlements. “We look forward to the EIM members joining the CAISO EIM market and are pleased to provide software for their CAISO EIM participation.”

More information about Power Settlements can be found at http://powersettlements.com/

San Francisco has Successful Go-Live of the Power Settlements Energy Trading and Scheduling Solution with CAISO Integration and Settlements

mwcms on July 1, 2015

San Francisco Public Utilities Commission (“SFPUC”), the City of San Francisco, CA’s municipal power utility that provides for municipal city loads and owns and operates the 400 MW Hetch Hetchy hydroelectric system, has successfully implemented the Power Settlements SettleCore™ solution for their Energy Trading and Risk Management (ETRM) and ISO needs. Read More about San Francisco has Successful Go-Live of the Power Settlements Energy Trading and Scheduling Solution with CAISO Integration and Settlements

Happy One Year Anniversary City of Pasadena. An ETRM Success Story.

mwcms on October 30, 2014

When the City of Pasadena selected SettleCore™ ETRM over a year ago they required an energy trading and risk management (“ETRM”) system to be fully integrated with their Bid-to-Bill shadow settlements system. Their story was a common one among their utility industry peers. They were looking for a vendor that had one single system that encompassed all of their ETRM needs and their Bid-to-Bill needs Read More about Happy One Year Anniversary City of Pasadena. An ETRM Success Story.

Southern California Edison Implements SettleCore for Shadow Settlements

mwcms on October 2, 2013

Southern California Edison (“SCE”), one of the largest utilities in the U.S., with several thousand megawatts of generation and a peak load of approximately 22,000 MW, has implemented the SettleCore – Shadow Settlements Module for their CAISO shadow settlements charge code estimation and validation processes. After a thorough testing period, today, SCE retired their legacy vendor settlement system and moved SettleCore into production as their single system of record for their back-office. Read More about Southern California Edison Implements SettleCore for Shadow Settlements

High Desert Power Implements SettleCore for the CAISO Market – Our 10th CAISO Software Deployment

mwcms on September 1, 2013

High Desert Power Project licensed and implemented the SettleCore – Outage Module for the CAISO markets. This module is used for the upload of resource outages to the CAISO’s SLIC APIs. Users have the option to enter outages directly into the application or through a generic Excel file template which is then imported into the SettleCore – Outage Module. This module then submits the outages directly to the CAISO’s SLIC system. Read More about High Desert Power Implements SettleCore for the CAISO Market – Our 10th CAISO Software Deployment

City of Pasadena Selects SettleCore for ETRM and CAISO

mwcms on March 19, 2013

Power Settlements announces one of our largest projects to date.

The City of Pasadena (“Pasadena”), a publicly owned utility in Southern California that is within the CAISO balancing authority, has been a customer of Power Settlements since 2009, when they licensed a single SettleCore module.

In 2012, they performed a review of their various systems and issued an RFP with the goal of replacing multiple legacy systems with a single, completely integrated system for use by their front-office, mid-office, and back-office. After performing a thorough multi-month evaluation of some of the largest ETRM and ISO/RTO vendors in the United States, Pasadena selected SettleCore. Read More about City of Pasadena Selects SettleCore for ETRM and CAISO

Two More Customer Wins

mwcms on December 17, 2012

Power Settlements Licenses its Business Intelligence and Analytics Software to Additional Customers

Power Settlements announces two more companies have selected our SettleCore – Business Intelligence and Analytics Module (“BI Module”) for resource portfolio performance analysis in ISO/RTO markets. Our second deployment of the SettleCore – BI Module occurred last week for the City of Riverside. Additionally, a third power company has selected this module and scheduled the deployment in early 2013. Read More about Two More Customer Wins