SPP has outlined their initiatives for 2018. In no particular order this year SPP along with it’s participants will be working toward the following:
Over the past two months PJM has held training sessions to get participants ready for 5 min. settlements. Currently, DA and balancing market, as well as, MSRS reports are out in the training environment for testing. Load response, ancillary services reports, and operating reserve reports will be available for testing in February. The aniticipated GO LIVE date is set for April 1, 2018. Adapt2 is able to implement ISO/RTO markets in 6 to 8 weeks. There is still time to get the help you need!
Highlights from the upcoming changes include the following:
I. Revenue Data for Settlements
II. Power Meter
For a complete archive of slides from the PJM training on January 8, please visit: Meeting Materials: Tech Change Forum: 5 Minute Settlement Education
Market participants have been partaking in shadow settlements for years. With the gradual go live of 5 minute settlements (FERC 825) across all power markets, software upgrades could have a significant impact of your settlement accuracy.
Fast start resources will be more affected by this change due to their changes in Real Time. Metering and Energy Accounting systems may have to be upgraded for renewable and combined-cycle generators to ensure the accuracy of 5 minute interval volumes and data.
With the release of FERC 825 across all markets, settlement data is expected to increase by 12x. Charge codes are expected to change and your functionality will have to be able to display more granular data.
Adapt2 Solutions helps clients with this increase of data through the use of data lakes and the most up to date technology and server framework. Our market experts navigate through these changes in charge codes seamlessly giving our clients more time to focus on their core business. We have a proven track record of helping clients find what we call “Power Money” in their settlement data through shadowing.
Watch the following videos to see the Adapt2 track record of settlement success.
For your needs in combating these upcoming 5 minute settlement changes…we are here to help and welcome all market participants to partner with us and be part of the Adapt2 client family.
As of January 1, 2018, Adapt2 ISO is the system of record for the Empire District Electric Company. This was a comprehensive implementation project for the SPP market, including functionality to support front office, back office, reporting, integration with external systems, and Empower Dashboard. In addition, we introduced new functionality for transaction management (through the new Trade Blotter) as well as unit commitment analysis and review. The Empire implementation will set a new benchmark for the capability of Adapt2 ISO in terms of market data processing volume, complex profit & loss (P&L) analysis, and shadow settlements for SPP. The efficiency and flexibility of the Adapt2 application led Empire to select us to replace the legacy implementation of a competitor. The Adapt2 team truly considers it an honor to be partnered with them starting the New Year!
Below is more information about Adapt2 ISO’s Trade Blotter, Unit Commitment, P&L Module, and Empower Dashboard.
Create bids and offers quickly without cluttering your CTRM system with extraneous information. Cleared positions and schedules are instantaneously sent to the CTRM system for VaR, Greeks, Credit, and other Risk analysis processes. The blotter provides power trading and position management capability that eliminates spreadsheets and other manual processes.
Deliver valuable P&L results to your business for all ISO transactions. Configure ad-hoc calculations in Adapt2’s P&L pivot grid, or schedule calculations to occur as the data updates in real-time. Connect to SCADA and trading systems with Adapt2’s standard PL Data API. Create various types of P&L reports, including intra-day, indicative, as-bid, as-burned, and settlement. When combined with Bid Accelerator, Unit Capability, and Adapt2’s inbound SCADA API, P&L can be fully automated and provide real-time feedback on the health of your operations.
Adapt2’s latest web-based dashboard allows schedulers, dispatchers, and operators to track asset performance in real-time. Analyze lost opportunity due to poor asset performance, outages, and dispatch. Deliver immediate feedback to plant operators, providing insight into the incremental value of bringing equipment back to service on time.
The Unit Commitment screen provides real-time graphical insight into the commitment instructions and unit status across the entire asset fleet. Users can view transition types, start status, and all instructions acknowledged by the operator. Unit Commitment also displays the associated commitment history, binding constraint, and other configurable details associated with each instruction.