SaaS solution connects bilateral trading and market operations for MPUA within a single platform for streamlined operations.
HOUSTON, Texas (June 16, 2020) – Adapt2 Solutions, a leading provider of AI enabled multi-market operations and trading software, today announced a new partnership with the Missouri Public Utility Alliance (MPUA) to better monitor and manage their energy supply requirements with Adapt2 Trade-to-Tag (Adapt2 T2T) trade management solution. The collaboration enables MPUA to fully integrate their settlement system on the Azure cloud providing direct access to purchase data and facilitating rapid trade transactions to enhance the market experience with MISO and SPP ISO markets.
“With the rise of new assets like batteries and renewable energy sources, today’s utility companies require flexible and agile technology that will reduce the guesswork and manual input errors involved in trading with ever-evolving energy markets,” said Rebecca Atkins, VP Market Operations and Analysis at MPUA. “With Adapt2, we are able to provide full market integration and open accessibility to tagging data to strategically digest high volumes of transaction details and optimize positions within a few clicks. This helps meet MPUA’s goal of making our services more streamlined to better serve our member utilities’ customers.”
MPUA successfully implemented the AI-leading Adapt2 market operations and trading solution at the end of March to stay current with settlement and trade management needs across multiple entities. As a municipal joint action energy agency to provide economical electrical power supply, energy management, and transmission services for the benefit of over 70-member municipal utilities in Missouri, MPUA uses Adapt2 to manage generation and tags within one system creating an integrated and flexible solution around consistent workflows.
“Connecting market operations and movement of bilateral transactions can be complicated when using multiple systems,” said Jason Kram, Executive Vice President at Adapt2 Solutions. “At Adapt2, through the combination of leveraging advanced technologies and comprehensive functionality for multiple markets, we are able to provide customers like MPUA a user experience that allows more time for strategy development and innovation.”
Combined with Adapt2’s cloud services expertise and comprehensive Adapt2 Bid-to-Bill (Adapt2 B2B) product for front and back operations across all North American ISO markets, the Adapt2 T2T solution provides a single interface for organizations to schedule, review and capture market inventory. To learn more about how Adapt2 is accelerating power and gas market operations, visit https://www.adapt2solutions.com/ or follow Adapt2 on Linkedin (@Adapt2 Solutions) for more information on upcoming trade and tag management webinars.
About Adapt2 Solutions:
Adapt2 Solutions (Adapt2) is the leading provider of AI enabled multi-market operations software designed to help market participants streamline all of their front and back office operations. Founded in 2008, Adapt2 delivers market-based solutions on the latest and most current technologies providing customers with fast, intuitive and stable user experience and performance. With over 135 market implementations representing over 2500 market participants, Adapt2 is a leading solution provider in the energy industry. Adapt2 Solutions is a privately held company based in Houston, Texas. To learn more about Adapt2, please visit www.adapt2solutions.com.
About Missouri Public Utility Alliance (MPUA):
The Missouri Public Utility Alliance is Missouri’s leading municipal utility organization and has grown to represent more than 120 community-owned electric, natural gas, wastewater, drinking water and broadband utilities that work together for the benefit of their customers in Missouri, Arkansas, Illinois, Mississippi, and Nebraska. In addition to trade association advocacy and services the Alliance operates jointaction agencies with 2019 electric sales of more than 5.2 million megawatt-hours, and natural gas sales of more than 1 million dekatherms.