Dairyland Power Cooperative (DPC), consisting of 25 member systems with a total peak load in excess of 1,000 MW and generation capacity in excess of 1,300 MW has implemented the Power Settlements shadow settlement system to perform shadow settlement estimates and validations of their MISO market settlement charge types. After a rigorous testing period, Dairyland moved SettleCore™
What are settlement statements? In the organized North American power markets, independent system operators "ISOs" and regional transmission operators "RTOs" (such as AESO, CAISO, ERCOT, IESO, ISO-NE, MISO, NYISO, PJM, SPP, etc.). transact with their market participants in a two-part billing…
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
Power Settlements is pleased to announce that Entegra Power Group recently implemented SettleCore for their bid to bill participation in PJM. SettleCore enables the automated upload of bids and offers to the ISOs through shadow settlements and reporting. Entegra is an active participant in the ISO markets and uses SettleCore for their interaction in CAISO, MISO, and PJM.
Entegra Power Group, new to MISO South, owns and operates some of the largest independent power plants in the United States, including the Arkansas Union Power Station, which produces close to 2,200 MW of power in the MISO market.
After reviewing Power Settlements and several competing software vendors, Entegra selected SettleCore™ for all of their interactions and communications in the MISO market. Entegra and Power Settlements recently completed the SettleCore™ implementation for all of their bid to bill interactions in MISO.
What are the top ten vendor product concerns that one should consider when purchasing ISO/RTO shadow settlement software solutions?
1. Support Staff. Depending on the size of your company and the IT support you typically receive, one should consider the daily management of the application. By daily, we are referring to the daily ISO/RTO data downloading verification required to ensure your shadow settlement system is properly populated. Important: Look for a vendor that offers daily ISO/RTO data downloading verification services.
The daily Power Settlement process has never been an easy task: with unpredictable load forecasts, ISO/RTO data verification, ever changing market requirements and immature software applications. Today, that is changing. With the ISO and RTO markets maturing so have the systems to…
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.
Today, marked a major milestone of Power Settlements. We deployed the SettleCore – MISO system to several market participants of the MISO markets. In this release, we delivered the ISO Downloader Module, the Scheduling Module, the Settlements Analyzer Module, and the Shadow Settlements Module.
Today, Power Settlements installed the SettleCore system at ZGlobal Engineering & Energy Solutions (“ZGlobal”). ZGlobal performs scheduling and settlement services for market participants in the CAISO. ZGlobal required an automated solution from scheduling through settlements. They selected SettleCore as the single bid-to-bill software solution to meet their CAISO needs.
