Tag: EIM Benefits

Glendora, California – Avista Corporation (“Avista”) has gone live in the Western Energy Imbalance Market (“EIM”) with the Power Settlements (“PSCS”) SettleCore system, including both Visual Analytics and ISO Settlements operations.“Power Settlements has been an excellent business partner and has consistently gone above and beyond from a customer service standpoint. From timely communication, thoughtful collaboration, helpful training, friendly staff members, and quick responses and resolutions, Power Settlements represents what a first-class vendor stands for. The SettleCore system provides a full-suite solution that supports Avista’s real-time operations insights, post-market analysis, settlements shadow and validation, billing and invoicing, benefit calculation as well as any customization capabilities that are required. The SettleCore system is very intuitive to analytical minds showing the vendor focuses on anticipating end-user needs.  Avista could not be more pleased with our decision to choose Power Settlements and their solutions to support our Settlements and Analytics functions in the WEIM” said Xin Shane, the Manager of EIM Settlements, and James Dykes, the Manager of EIM Technology Operations Lead.Power Settlements was selected by Avista through a competitive Request for Proposal (RFP) process for software to manage the WEIM integration for both EESC and PRSC back-office operations including Shadow Settlements and ISO Settlement Statement Validations, EIM Sub-Allocations, Contract Billing, Etag integration, and Reporting.  Additionally, Avista procured Power Settlements’ Visual Analytics Module dashboard which provides a 360-degree view display of each of the customer’s unit and portfolio. The Visual Analytics Module includes both a near real-time view for real-time operations with built-in deviation analysis and PNL analysis functions, as well as a post-analytics view the following morning. Avista is also utilizing the SettleCore – ISO Downloader Module for downloading all of its CAISO data and reporting needs, the Etag Reporting Module for NAESB/NERC Etag integration and reporting, the Shadow Settlements Module for pre-settlement calculation and statement validations, the Settlements Analyzer Module for comparing any two Settlement statements to each other and drilling-down to the most granular billing determinants, and the EIM Sub-Allocations and Contract Billing Modules for billing and generating invoices to send to their transmission customers.“We are pleased to have helped Avista with their successful market go-live with WEIM. Avista is a great partner, and we look forward to providing superior support to them for many years to come,” said David Dan, CEO of Power Settlements.  About Avista Corporation (Avista)Avista Corporation is an electric and natural gas utility company. The Company’s segments include Avista Utilities and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment provides electric distribution and transmission and natural gas distribution services in parts of eastern Washington and northern Idaho and northeastern and southwestern Oregon. The segment also engages in wholesale purchases and sales of electricity and natural gas as an integral part of energy resource management and its load-serving obligation. The AEL&P segment is a regulated utility providing electric services in Juneau, Alaska. Its regional services include government and higher education, medical services, retail trade and finance. It also has other businesses, including venture fund investments, real estate investments, as well as certain other investments made by Avista Capital, which is a subsidiary of the Company.About the SettleCore System by Power SettlementsPower Settlements is a software company that specializes in providing software solutions to energy companies that participate in the ISO and RTO physical power markets. Our flagship product 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, 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 a 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. The SettleCore Etag module is a fully compliant NAESB Tag Agent and Tag Approval service that supplies unparalleled access to Etag data. All of the SettleCore modules are fully integrated in a single system using the SQL Server database which provides for full auditing, tracking, and user security roles.

Glendora, California – Turlock Irrigation District (“TID”), which is a community owned, not-for-profit irrigation water and electric utility in central California, has gone live in the Western Energy Imbalance Market (“EIM”) with the Power Settlements (“PSCS”) SettleCore system, including both Visual Analytics and ISO Settlements operations.

PSCS’ Visual Analytics Module dashboard provides a 360-degree view, which displays the customer’s unit and portfolio performance in each 5-minute interval. Data points out-of-the-box include market schedules, ISO dispatch target, demand forecast, locational market prices, internal meter, resource-level generation cost, and customer profit and loss calculation (PNL). The Visual Analytics Module includes both a near real-time view for real-time operations and PNL analysis as well as a post-analytics view the following morning. 

TID is also utilizing the SettleCore – ISO Downloader Module for downloading all of its CAISO data and reporting needs, the Shadow Settlements Module for pre-settlement calculation and statement validations, the Settlements Analyzer Module for comparing any two Settlement statements to each other and drilling-down to the most granular billing determinants, and the Allocations Module for re-creating a settlement statement at the resource-level for all resources within the portfolio, including the charge code, time interval, quantity, price, and amount. 

Amanda Alberti, a Utility Analyst at TID, said the following about their implementation of SettleCore, “TID is extremely satisfied with the level of customer service Power Settlements provides. From the timely and attentive communication, helpful training, and friendly employees, they have exceeded our expectations. The SettleCore product itself is an essential tool to be able to disseminate a large amount of data in a timely manner. Visual Analytics provides so many snapshots of real-time data and is tremendously helpful to see how units are performing real-time in the CAISO market. The ease of highlighting variances in the settlement statements utilizing SettleCore’s shadow settlements has streamlined our settlements process. Additionally, we have also enjoyed the ability to easily export data to excel to be able to further review the data”.

“We are pleased to announce that Turlock Irrigation District is now live on the SettleCore platform in the Western EIM. They are a fantastic customer and we look forward to providing superior support to them for many years to come,” said David Dan, CEO of Power Settlements.  

About Turlock Irrigation District (TID)

Beginning in 1923 with the completion of the original Don Pedro Dam and powerhouse, TID has been providing safe, reliable, and affordable electric power to its customers. TID is a community-owned, not-for-profit irrigation water and electric utility.

About the SettleCore System by Power Settlements

Power Settlements is a software company that specializes in providing software solutions to energy companies that participate in the ISO and RTO physical power markets. Our flagship product 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. The SettleCore Etag module is a fully compliant NAESB Tag Agent and Tag Approval service that supplies unparalleled access to Etag data. All of the SettleCore modules are fully integrated in a single system using the SQL Server database which provides for full auditability, traceability, and user security roles.

Seattle City Light (“SCL”), a publicly owned utility with a portfolio of over 2,000 megawatts of generation, has implemented the Power Settlements’ SettleCore – Visual Analytics Module for real-time profit and loss (“PNL”) reporting and post-analytics of both individual plants and a portfolio view. Visual Analytics allows SCL to analyze CAISO Energy Imbalance Market (“EIM”) and internal data including base schedules, 15-minute market schedules, real-time dispatch, meter, imbalance energy deviations, LMPs, generation cost pricing, and profits and losses in a single graphical interface. This out-of-the-box module also includes the EIM Benefits counterfactual shadow calculation to compare to the CAISO’s published EIM Benefits numbers. SCL uses the SettleCore – Settlements Analyzer Module for drilling into the CAISO-published settlement statements, billing determinants, and invoices and to analyze differences between settlement statement versions.

The SettleCore – Visual Analytics Module is a dashboard that displays the customer’s EIM PNL and dispatch data components in a single screen, for analysis of either the current day’s real-time data or historical days (post-analytics). This module graphically displays the EIM’s many data sources, including ADS, BSAP, CMRI, Master File, OASIS, OMS, and SIBR data in a single screen. The customer’s internal PI or SCADA meter data is imported to enable the near real-time display of imbalance energy (uninstructed deviations), and a calculation of the customer’s PNL in the EIM.

Mitch Kunstel (Power Marketer) and Nhung Mach (Strategic Advisor) at SCL said the following about the benefits provided to SCL by the SettleCore system: “Power Settlements SettleCore system has enhanced the analysis and operation of Seattle City Light’s Power Marketing Division. As a new EIM participant, SCL has leaned on the SettleCore Visual Analytics tool to identify Master File enhancements, CIDI ticket submissions, training opportunities and participation strategies for our Traders. In addition, the CAISO Settlement Analyzer and EIM Shadow Benefit calculation have been instrumental in validating Settlement statements and CAISO quarterly benefit numbers. SCL highly recommends working with the Power Settlements team; they are a superior vendor that exemplifies customer service and support.”

“We are pleased to announce that Seattle City Light is now live on the SettleCore platform. SCL relies upon the Visual Analytics Module’s single-screen dashboard for monitoring their real-time and historical performance in the EIM. More than 75% of all of the CAISO EIMs have implemented the SettleCore – Visual Analytics Module, and we are excited to now support SCL. We welcome SCL as one of our customers and look forward to providing superior support to them for many years to come,” said David Dan, CEO of Power Settlements.

About Seattle City Light (SCL)

Seattle City Light, a department of the City of Seattle, is one of the nation’s largest publicly owned utilities in terms of the number of customers served. Seattle City Light is dedicated to delivering customers affordable, reliable and environmentally responsible electricity services.

About the SettleCore System by Power Settlements

Power Settlements is a software company that specializes in providing software solutions to energy companies that participate in the ISO and RTO physical power markets. Our flagship product 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. The SettleCore Etag module is a fully compliant NAESB Tag Agent and Tag Approval service that supplies unparalleled access to Etag data. All of the SettleCore modules are fully integrated in a single system using the SQL Server database which provides for full auditability, traceability, and user security roles.