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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:

  • Algorithmic trading in the FTR markets which leads to ISO portal inability to process large portfolios
  • Lack of visibility into P&L
  • Lack of outage data transparency
  • Adapt2 Solutions provides clients with the following tools to help combat these challenges.

    Front Office Essential is a strategically defined baseline of front office capabilities that your organization must have to interact with all ISOs. APIs to connect existing bid tools to Adapt2 ISO’s premier market communication engine are included. Create or update bid and offer data directly inside Adapt2 ISO’s user interface. After submission, download the ISO version of any given offer to ensure your submission matches the ISO data at market close. After closing, view all awards and market prices in one consolidated dashboard, and then set up notifications and reports to inform your business on operational results. Front Office Essential includes private data service downloads, such as bids, offers, and awards, as well as public data, such as prices, ISO forecasts, and other market volumes, that are needed for decision analysis.
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    Bid Accelerator
    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.
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    Profit and Loss
    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 offers a comprehensive Outage Scheduling System that supports commercial decision making and communication between the commercial business and plant operators. Submit and synchronize outage tickets with any outage management system (ISO or third-party) in one easy-to-use interface. Easily report on historical, current, and future outages. Manage capacity (RA). Connect to Bid Accelerator, Unit Capability, and Empower Dashboard to ensure unit bids and schedules factor in all outages and derates. 

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    ISO Outage Connectivity
    APIs for the submission to and retrieal of ISO/RTO data with peak of outage information
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    Manage and Automate Outage Workflow
    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
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    Outage Planning
    Functionality to support the identification of related outages and the creation of an outage calendar to support outage planning
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    Seamless User Interface
    Single point of entry with user role management and permissions
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    Empower Dashboard
    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.



    Empower Dashboard

      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.
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