NORMAN, Okla.–(BUSINESS WIRE)–#CAISO–Please replace the release with the following corrected version due to multiple revisions.
The updated release reads:
PLATTE RIVER POWER AUTHORITY SELECTS PCI FOR ITS TRANSITION TO THE WESTERN ENERGY IMBALANCE MARKET (WEIM)
Platte River Power Authority (Platte River) has selected PCI to deploy multiple solutions on its integrated cloud platform as part of Platte River’s plan to join the Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator (CAISO). The contract with PCI is for a Software-as-a-Service (SaaS) solution that will provide critical functionality required for WEIM participation, including:
- Energy Trading and Risk Management (ETRM)
- Meter Data Management
- WEIM Bidding and Base Schedule Management for PRSC and SESC entities
- Market Settlements for PRSC and SESC entities
- System Integration and Automation
“Participating in the WEIM will be a significant step toward achieving the goals of our Resource Diversification Policy,” said Carol Ballantine, Director of power supply for Platte River Power Authority. “We will expand regional collaboration in a way that benefits every customer in our owner communities.”
PCI will also support important integration of Distributed Energy Resources (DERs), as part of Platte River’s Resource Diversification Policy, which calls for a 100% noncarbon energy mix by 2030.
“We are proud to have Platte River as our new premier customer and value its trust in us,” said Khai Le, PCI Senior Vice President. “For a timely and seamless transition into WEIM, our experienced and dedicated team of experts plan for a multi-stage deployment that includes our ETRM platform, followed by the WEIM-specific functionality.”
PCI’s Platform is a complete solution for energy market participants and bilateral traders, capable of being deployed on-site or in the cloud. Our WEIM-focused offering has significant benefits for various stakeholders, including:
- Transmission Service Providers (TSPs)
- Sub-Entity Scheduling Coordinators (SESCs)
- Participating Resource Scheduling Coordinators (PRSCs)
PCI’s “out-of-the-box” WEIM solution incorporates all the required data interfaces, embedded analytics, business process automation (BPA), open data and reporting capabilities to deliver unparalleled end-to-end support for numerous business functions, while simultaneously streamlining operations through both forward-looking strategies and post-analysis.
About Platte River Power Authority
Platte River Power Authority (Platte River) is a not-for-profit utility that generates and delivers safe, reliable, environmentally responsible and financially sustainable energy and services to its owner communities of Estes Park, Fort Collins, Longmont and Loveland, Colorado. Platte River’s generation portfolio includes thermal, hydro, wind and solar resources. To learn more about Platte River, please visit https://www.prpa.org/.
About Power Costs, Inc. (PCI)
PCI is the leading, worldwide provider of enterprise software, superior customer support, and value-added services to energy market participants and bilateral traders. Clients that leverage the PCI Platform include utilities (investor-owned, public power and cooperative), federal power marketers, independent power producers and energy marketers and traders. More than half of all the power generated in North America is optimized using the PCI Platform and more than 60% of Fortune 500 Utilities in the U.S. are PCI clients. The firm is privately held and based in Norman (OK) with offices in Houston (TX), Raleigh (NC) and Mexico City. To learn more, please visit PCI’s website.
Power Costs, Inc. (PCI)