Featured Post - Power Settlements

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).

Avista Corporation Implements the SettleCore System in the Western EIM

mwcms on March 11, 2022

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.

Post Go-Live Update: City of Redding Implemented the Bid-to-Bill PRSC EIM (Merchant) Functionality in the Power Settlements SettleCore Solution

mwcms on July 25, 2021

Glendora, California – The City of Redding (“REU”) successfully implemented the Power Settlements (“PSCS”) comprehensive suite of front-office products, including SettleCore ISO Bidding, ISO Scheduling, Trade Capture, Etagging and Delivery/Position Management modules, and Visual Analytics and back-office Settlements modules, in the CAISO’s Western EIM on March 25, 2021. In the Western Energy Imbalance Market (“EIM”), REU utilizes SettleCore for their PRSC (merchant) bidding and scheduling submittals, analytics, and settlement functions. REU’s decision to select the PSCS SettleCore system created a significant benefit by enabling a fully integrated software solution to perform their bilateral, ISO, and EIM energy management and scheduling functions.

As demonstrated with REU’s fully integrated front-office modules, the SettleCore Delivery/Position Management Module is the solution to pair with the SettleCore Trade Capture and SettleCore Etagging Modules. Delivery management allows REU to visualize, analyze, and manage Etag and Trade capture data, as well as balance ISO Base Schedules. Delivery Management enables the user to aggregate all outputs and inputs with ISOs for scheduling and balancing including base schedules, meters, demand forecasts, and interchange data in a single graphical interface. This out-of-the-box module provides a visual dashboard for the user to perform portfolio-level and counterparty position management with ease…drag-and-drop fields to build custom graphs and use built-in filters for graphing only the desired data points.

REU began using the SettleCore solution in 2020 beginning with their ISO MRTU activity and then added the EIM functionality in 2021. The Power Settlements solution deployed by REU includes:

Deal Management, Balancing, Interchange Management (SettleCore Trade Capture Module and Delivery Management Module)
ISO Bidding and ISO Scheduling (SettleCore Bidding Module and Scheduling Module); including the submission to the CAISO BSAP and SIBR systems
Full e-Tag creation/submission integrated with trading/scheduling (SettleCore E-Tag Module)”
Meter Data Submissions (SettleCore Meter Module)
Unit Performance and Profit and Loss Analytics (SettleCore Visual Analytics Module)
ISO Settlements, Shadow Settlements, Statement Allocations, and ISO reporting (SettleCore ISO Downloader Module, Settlements Analyzer Module, Shadow Settlements Module, and Allocations Module)

Kyle Hastings, Electric Utility Senior System Operator at City of Redding, said the following about the benefits provided to City of Redding by the SettleCore system: “We have been using Power Settlements for almost a year and are continuing to utilize and optimize their full suite of software (Scheduling, Bidding, Trade Capture, Etag, Settlements, Shadow, Meter, and Visual Analytics) and are excited with how much we can do! We are able to customize reports and layouts to suit our needs. They have had excellent customer service and are always very quick to respond to any issues that come up real-time. We have been very happy with the bid-to-bill software and in particular with Visual Analytics and its ability to organize and display large amounts of data in a way that can be processed quickly. As a smaller utility, they have definitely made us feel just as important as any other customer. With their customer service and array of software products, we know we’ll be able to accommodate any new changes that come our way.”

David Dan, the CEO of Power Settlements, had this to say regarding REU’s 4-month check-in after going live in the EIM, “Many of the CAISO and EIM customers utilize our Visual Analytics and our ISO Settlements and Shadow Settlements modules. While we have multiple bidding and scheduling customers in the CAISO MRTU markets, we are very pleased that the City of Redding is our first customer to go-live with the PRSC EIM (Merchant) bidding and scheduling functionality. They are an incredibly valuable customer and we look forward to providing superior support to them for many years to come.”

About the City of Redding (REU)

As the largest California city north of Sacramento, the City of Redding is the regional hub for retail, education, professional services, career opportunities, corporate and private business development, medical facilities, and government. The City of Redding is focused on providing a high quality of life for its citizens, remembering that families and neighborhoods are the centerpiece of our lives. The city supports programs that connect its unique natural beauty and rich history.

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 the 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 auditability, traceability, and user security roles

Turlock Irrigation District Implements the SettleCore System in the Western EIM

mwcms on April 23, 2021

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.

Four New Western EIM Members Successfully Go Live on the Power Settlements SettleCore Platform

mwcms on April 1, 2021

The Western Energy Imbalance Market (EIM), which launched in 2014, is a real-time energy market in the western United States. The EIM increases grid reliability, allows for efficient dispatch, and reduces the cost of serving load. Currently, the EIM has 13 active members and 8 more pending.

Power Settlements (PSCS) is pleased to announce the following clients went live in the Western EIM market, thus far in 2021.

March 25, 2021 Go-Lives:

Balancing Authority of Northern California (BANC)

A single platform used by the BANC Entity Scheduling Coordinator (EESC) administrator and the Participating Resource Scheduling Coordinator (PRSC) BANC members including the Sacramento Municipal Utility District (SMUD), City of Redding, City of Roseville, Modesto Irrigation District, and the Western Area Power Administration – Sierra Nevada division.

The SettleCore system provides BANC’s members the ability to view their PRSC data and to view and download their EIM Sub-Allocation statements and invoices.

BANC’s administrator utilizes the SettleCore system to perform the EESC back-office functions including Shadow Settlements and ISO Settlement Statement Validations, EIM Sub-Allocations, Contract Billing, and Reporting.

BANC members are able to perform Real-time and Historical PNL Analytics for front-office operations via the Visual Analytics Module.

City of Redding (REU)

REU implemented the SettleCore system modules that perform their PRSC Merchant front-office and back-office operations including, Bidding, Scheduling (BSAP and SIBR), E-tagging, Trade Capture, Position Management, Meter Data submissions, Shadow Settlements and ISO Settlement Statement Validations, and Reporting.

REU users are able to perform Real-time and Historical PNL Analytics for front-office operations via the Visual Analytics Module.

Turlock Irrigation District (TID)

TID implemented the SettleCore system modules that include both EESC and PRSC back-office operations including, Meter Data Submissions, Shadow Settlements and ISO Settlement Statement Validations, and Reporting.

TID users are able to perform Real-time and Historical PNL Analytics for front-office operations via the Visual Analytics Module.

April 1, 2021 Go-Live:

Los Angeles Department of Water and Power (LADWP)

LADWP implemented the SettleCore system modules that perform both EESC and PRSC back-office operations including Shadow Settlements and ISO Settlement Statement Validations, EIM Sub-Allocations, Contract Billing, and Reporting.

LADWP users are able to perform Real-time and Historical PNL Analytics for front-office operations via the Visual Analytics Module.

Power Settlements is looking forward to serving our new EIM clients and helping each one to be successful within the Western EIM Market.

Salt River Project (SRP) Implements Power Settlements for Analytics in the Western Energy Imbalance Market (WEIM)

mwcms on January 15, 2021

Salt River Project (“SRP”), an energy company in Arizona with a peak load of approximately 7,250 MW and over 2 million customers, successfully entered the Western EIM in April 2020. SRP recently implemented the Power Settlements’ PowerCore solution for historical and real-time profit and loss (“PNL”) analysis, ISO/EIM reporting, and the counter-factual EIM Benefit calculations.

Jim Petersen, Senior Principal Analyst, Market Strategies, and Analysis at SRP said the following about their implementation of PowerCore, “SRP recently licensed Power Settlements PowerCore CAISO ISO Downloader, CAISO Visual Analytics, and CAISO Settlements Analyzer modules. Those modules along with the daily download and verifications service have significantly enhanced SRP’s ability to quickly identify, explore, and subsequently resolve EIM-related front and back-office issues. Specific features SRP has found to be of particularly high value to date include near real time reporting, visualization tools, customized business rules, EIM shadow benefits calculations, customization hours, and database access. Those features in conjunction with ease of use and exceptional customer support have resulted in a winning combination for SRP, helping us hit the ground running as a new CAISO EIM participant.“

The PowerCore Visual Analytics module is used to perform analysis of market dispatch, imbalance energy deviations, pricing, and PNL. The Visual Analytics module is a powerful dashboard and analytics tools which allows near real-time visibility into a market participant’s ISO or EIM activity. This empowers users to react to real-time operations and includes the following out-of-the-box EIM data points:

Base schedules
ISO real-time dispatches
Internal meter data
Imbalance energy deviations from dispatch
Locational market prices (LMPs)
Bid and offer curves
Unit outages
PNL 5-minute estimate
Business Rules to detect both Operational and Market anomalies

More than 75% of the Western EIM market participants have implemented the PowerCore Visual Analytics module which dule continues to help companies increase operational and market efficiencies.

The PowerCore Visual Analytics module may be used in all United States ISOs/RTOs/EIMs, including: CAISO, ERCOT, ISO-NE, MISO, NYISO, PJM, SPP, WEIS (SPP), and Western EIM (CAISO)

About Salt River Project Power and Water (SRP)

SRP has built a legacy by delivering water and power to the Phoenix metropolitan area for more than 100 years. Today, we are among the largest public power utilities in the nation and the Phoenix area’s largest supplier of raw water, serving more than 2 million businesses and residents in Central Arizona. SRP is committed to helping the Valley of the Sun grow and thrive for the next 100 years.

About the PowerCore 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 PowerCore is a leading platform for participants in the ISO and RTO Markets. The PowerCore 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 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 PowerCore 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 PowerCore e-Tag module is a fully compliant NAESB Tag Agent and Tag Approval service that supplies unparalleled access to Etag data. All of the PowerCore 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) Implements Power Settlements for CAISO EIM Analytics, Real-Time P&L, and Verification of EIM Benefits

mwcms on August 10, 2020

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.

SMUD Implements Power Settlements for Western EIM Analytics, Shadow Settlements, Allocations, and Reporting

mwcms on April 1, 2019

Sacramento Municipal Utility District (“SMUD”), a utility serving approximately 1.5 million customers, has been a customer of Power Settlements since 2009, and has implemented the Power Settlements SettleCore system for their EIM go-live in April 2019. SMUD utilizes the SettleCore system for their front-office and back-office analytics and their CAISO EIM settlement operations, including: real-time and post analytics, including PNL and imbalance energy analysis; pre-settlements and shadow settlements, the shadow calculation of counterfactual EIM Benefits to compare to the CAISO’s published EIM Benefits numbers; and the ability to extract 100% of their CAISO-published EIM data.

The SettleCore system is used to download all merchant and transmission entity (PRSC and EESC) published CAISO data sources (bids/offers, CAISO market awards, prices, unit outages, meter data, settlement statements and invoices, etc.), to view and extract all data, to perform pre-settlements estimates as early as one day after the trade date (T+1), to compare shadow settlement estimates to the CAISO-published settlement statements, to compare CAISO invoices and CAISO settlement statements, to perform EIM sub-allocations portfolio allocations, and to perform customer billing.

The SettleCore – Visual Analytics Module is a dashboard that displays the customer’s EIM data in a single screen for analysis of either the current day’s real-time data in the Real-Time screen or historical days in the Historical Analytics screen (post-analytics). This module graphically displays base schedules, market awards, dispatches, LMPs, unit parameters, and outage information, among other data sources. The customer’s internal meter data is imported to provide a real-time view of imbalance energy (uninstructed deviations), and the solution provides a snapshot of the customer’s PNL in the EIM.

“Power Settlements’ EIM settlement software, including the Visual Analytics module, is intuitive and easy to use. The SettleCore system has been valuable to SMUD for identifying dispute items and investigating operational issues. It’s designed from an analyst’s viewpoint and offers a variety of ways to view settlement-related data, right out of the box. The Visual Analytics module enables us to quickly see real-time profit/loss and identify uninstructed deviations at the resource level to head off problems and minimize negative settlement implications.

We’re also very satisfied with Power Settlement’s customer service. We appreciate their hands-on approach and quick responses to our requests and resolving issues. Their ability to quickly act on our changing priorities is one of their strengths. We consider Power Settlements to be a highly engaged and collaborative partner in our entry into the EIM market”, said Jessica Kasparian, Manager, Commodity Settlements & Load Forecasting, Sacramento Municipal Utility District (SMUD)

About Sacramento Municipal Utility District (SMUD)

SMUD began serving Sacramento in 1946 and is now the nation’s sixth-largest community-owned electric utility. SMUD provides reliable, affordable electricity to most of Sacramento County and a portion of Placer County. SMUD is recognized nationally and internationally for its innovative energy efficiency programs and renewable power technologies, SMUD was the first large California utility to receive more than 20 percent of its energy from renewable resources.

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 counter-party credit and trader limits and risk management analytics. The SettleCore Etag modules are 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 built in Microsoft .Net, using the SQL Server database which provides for full auditability, traceability, and user security roles.

Idaho Power Selects the Power Settlements Solution for EIM Operational Analytics and Settlements Analysis

mwcms on January 15, 2019

Idaho Power Company, a utility serving 560,000 customers in a service area spanning an estimated 24,000 square miles with a summer load of 3,392 Megawatts, has implemented Power Settlements’ SettleCore – Visual Analytics Module for real-time PNL reporting and position management. Visual Analytics allows Idaho Power to analyze ISO/RTO and internal data including schedules, real-time dispatch, meter, pricing, position management, and profits and losses in a single graphical interface. Idaho Power also uses the ISO Downloader Module for detailed CAISO reporting and analysis and the Settlements Analyzer Module for in-depth CAISO Settlements drill-down analysis of invoices, settlement statements, and billing determinants.

Idaho Power’s Jennifer Gerard, the Operations Settlement Leader, had the following to say about Idaho Power’s experience with the Power Settlements SettleCore system. “SettleCore Visual Analytics has allowed Idaho Power Company the ability to review market operations in real-time and conduct post market analytics for front and back office staff. The software is intuitive and easy to use and is designed with an analyst mindset. The SettleCore Visual Analytics module also provides the ability to shadow the CAISO EIM benefits logic which has proved essential in validating the CAISO EIM quarterly benefits reports as well as regulatory reporting. Power Settlements’ staff are responsive to IPC business needs and work with IPC staff to resolve issues timely and efficiently.”

About Idaho Power Company

Idaho Power, headquartered in vibrant and fast-growing Boise, Idaho, has been a locally operated energy company since 1916. Idaho Power is an energy company engaged in the generation, transmission, delivery, sale and purchase of electricity and is regulated by the Federal Energy Regulatory Commission (FERC) and the state regulatory commissions of Idaho and Oregon. With 17 low-cost hydroelectric projects as the core of our energy mix, our residential, business and agricultural customers pay some of the nation’s lowest prices for electricity.

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 modules are 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 built in Microsoft .Net, using the SQL Server database which provides for full auditability, traceability, and user security roles.