The Premier Visual Dashboard for Utilities and Generation Companies in ISO/RTO Markets to See Their Profits and Losses in Real-Time
The SettleCore – Visual Analytics Module provides a visual dashboard for Generators, Load Serving Entities, and Balancing Authorities to instantly analyze ISO/RTO and Internal data including Schedules, Real-Time Dispatch, Meter, Pricing, Position Management, and Profits and Losses in a single graphical interface. It’s the leading platform to view and analyze ISO data with internal data and is used across the entire organization, from the generation dispatchers through executive management.
In today’s power markets generators need to know their profits and losses in real-time. They need to identify additional trading opportunities to maximize performance. They need the ability to continually improve profit potential and review missed opportunities. Companies are often overwhelmed with the vast amounts of ISO data and need the ability to compare it with their company’s internal data.
Power Settlement’s Visual Analytics is the solution. This module combines your ISO market data with your company’s internal data to form a complete financial picture.
It’s fast. It’s precise. It’s all on one screen.
Visual Analytics is the leading off-the-shelf software for generators and utilities to get real-time PNL reporting and position management. It’s used by several of the largest and most respected names in the industry.
This solution provides a “single-point of truth” across your organization from generation dispatchers, real-time schedulers, and asset optimizers, to risk analysts, settlement analysts, and even C-Level executives as it allows each role to contribute to the bottom line. Customers report significant returns on investment after using this product.
- Graphical viewing of DA schedules, 5-minute RT dispatches, ancillary service capacity, LMPs, meter data, deviations, start-ups, and shut-downs.
- Combines ISO data with internal data, such as PI and SCADA data, plant temperatures, heat rates, internal costs, etc.
- Drill-down from a daily view, hourly view, 5-minute view, or sub 5-minute view.
- Includes an ad-hoc, on-demand graphing feature, which enables the users to drag-and-drop the desired data points onto the graphs.
- Includes all scheduling entities and all resources in the portfolio.
- Includes business rules that identify resource-level validations that failed the user’s rules, such as meter deviations in real-time, infeasible ramp rates, etc.
- Includes auto-updates every 5-minutes to reflect the new ISO 5-minute data and internal data.
Connectors, Data Import, Display and Export
With built-in interfaces to import all of the generator-specific ISO data (CAISO, EIM, ERCOT, ISO-NE, MISO, NYISO, PJM, SPP) and the ability to import customer’s internal data, such as PI and SCADA meter reads and internal generation costs, Visual Analytics can be implemented in a matter of weeks and will start providing value on day one.
Visual Analytics has a High Return on Investment
Our customers have reported that Visual Analytics has led to a high ROI and in many cases has paid for itself within the first year of use. The following are some examples that our customers have reported on the high return on investment from Visual Analytics.
Optimize decision making for determining whether to sell in the DA or RT markets, which results in incremental margin.
Plant operators using it in the control room to get a better understanding of an LMP market and how it operates including the volatility of RT prices, the financial impact of forced outages, and the different ancillary services.
Real-Time desk uses Visual Analytics for duct burner management, optimization strategies, and offer adjustments due to temperature and humidity changes.
Resolve a metering issue at a generating station due to the momentary loss of power at the meter station.
Identify transmission limitations which affected a generator due to the incorrect processing of outage event information during the ISO’s IFM process.
Identify large financial losses from forced outage events with a generator which was passed onto the counterparty. Would not have been identified in shadow settlements.
Management teams can quickly assess what units were dispatched, for how long and what were the DA/RT prices. Quick assessment of their operating data, trading strategy, and overall performance from the previous day and any historic events that need to be explained in some detail.
What Our Customers Are Saying about Visual Analytics
“Utilizing the Power Settlements Visual Analytics module, PacifiCorp was able to quantify the benefits associated with additional capital investment at its generation facilities, utilizing the profit and loss calculator in a quick and easy manner. The Visual Analytics module allows PacifiCorp to see nodal based profit and loss calculations that provide clear price signals associated with changes in the market in PacifiCorp’s balancing area and changes in the broader EIM. This type of information has allowed PacifiCorp to more easily understand and quantify the benefits associated with enhanced flexibility at its plants and assess any capital improvements that may allow increased flexibility to react to changes in the market. In addition, PacifiCorp has been able to further analyze uninstructed deviations at its plants and spot issues in real-time to minimize cost impacts to its customers.”
Kelcey Brown, Director, Market Policy and Analytics, PacifiCorp
“SettleCore Visual Analytics for historical and real-time has allowed Puget Sound Energy to track market operations in real-time and conduct post analytics.”
Manager, Puget Sound Energy
“Power settlements provides enough of a quantitative difference in processing capability, as to arrive at a qualitatively different staff experience. It’s the difference between a trader spending 4 hours analyzing a single day’s settlement in .XLS, and spending 5 minutes confirming an outcome in full color charts via Visual Analytics.”
Justin Bosserman, Project Manager, Wellhead Electric
“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.”
Efrain Sandoval, Resource Scheduler, City of Vernon
“The graphical display makes it easy to utilize for learning/training, strategy, analysis, operations or just viewing data for many in our company. It’s also a single point of reference for discussion and analysis.”
Front-office, Merchant Generator
“I use Visual Analytics to review the market interaction of each of our resources in all ISO markets.”
Front-office, Merchant Generator
“The Visual Analytics Module is useful to catch the occurrences of events that shadow (settlements) will not capture.”
Back-office, Large Utility
“It is a great tool for monitoring and identifying potential issues.”
Management, Municipal Utility