Adapt2 Solutions recently attended the 10th annual Platt’s Nodal Trader Conference in NYC.
Adapt2 currently helps many FTR traders at companies like Freepoint Commodities, Mercuria, Levelsail Trading, and more.
One of the most interesting panel discussions was on price formations and how they impact the markets. A team of energy experts assembled to give their feedback. Many of them highlighted that the following are challenges in the power marketplace:
Adapt2 Solutions provides clients with the following tools to help combat these challenges.
Adapt2’s next-generation bid formulation toolkit allows users to create templates for all ISO transaction types, including Generation, Demand, Virtual, and Bilaterals. Submit logic is connected directly to templates, eliminating the latency caused by legacy integration processes. Templates are fully auditable, including the ability to search history and recreate a bid strategy from the ground up. Offer formulas are fully transparent and user-configured.
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.
APIs for the submission to and retrieal of ISO/RTO data with peak of outage information
Provides functionality to log and manage workflows to evaluate, process, and approve planned and forced outage request by outage coordinators, plant personnel and/or field personnel
Functionality to support the identification of related outages and the creation of an outage calendar to support outage planning
Single point of entry with user role management and permissions
Clients can now connect Plant Operators to Asset Managers. Plant Operators can import Unit Capabilities for Asset Managers to use in Bid Formulation, and Asset Managers can publish commercial results and operational data back to the Plant Operators.
Five minute ticks for the past hour
Hourly integrated LMPs
Advanced filtering of real time data and operators
Hourly data dashboards
Gross margin estimates of hourly day-ahead and real-time performance
Average production cost per MW at real time output level
P&L differences in gross margin and day-ahead gross margin.