The Structure Group has successfully installed its nMarket California software for Pasadena Water and Power (PWP), a department of the city of Pasadena, California. The product was purchased by PWP to facilitate scheduling, bidding and settlement validation with the California Independent System Operator (CAISO).
"After a careful evaluation of the products available to perform interfacing and shadow settlements with the California ISO, we found that Structure's nMarket product had the functionality that we needed for California business operations," said Robert Sherick, director of power supply for Pasadena. "In addition, the product is widely used by other market participants, so we felt confident that the implementation and integration of the system would go smoothly."
nMarket is now being used by PWP to help manage the submission of energy and transmission schedules to the CAISO as well as create and submit ancillary service bids and real-time imbalance energy bids. This helps ensure that the benefits of participating in the CAISO are maximized while minimizing the costs to PWP's electric customers.
Pasadena is also using Structure's nMarket software to create shadow settlement statements to verify the CAISO's preliminary and final settlement statements for the power transactions. Using nMarket, Pasadena has also realized the ability to generate numerous reports to support both front- and back-office business activities for the city of Pasadena's power trading business.
"This was a great project for us. Structure's team of professionals completed implementation, integration and training for PWP in 10 weeks," Structure Director JP Harper said. "We are seeing continued strong interest in our nMarket California product as companies begin to prepare for the upcoming CAISO market protocol changes scheduled for late 2007."
The PWP implementation represents the 21st installation of Structure's nMarket California product in North America. Structure's nMarket product supports current California market rules and will be used by many schedule coordinators to support market trials in the newly redesigned CAISO market.