NV Energy Enters California ISO Energy Imbalance Market with Bid-to-Bill Solution from PCI
December 15, 2015 – Norman, OK – NV Energy is now participating in the California ISO (CAISO) Energy Imbalance Market (EIM) using the complete bid-to-bill platform from Power Costs, Inc. (PCI). NV Energy is using PCI software for all marketing and trading related functions associated with CAISO EIM communications, outage management, GHG tracking, analytics, and settlement.
The primary systems now supporting NV Energy in CAISO EIM market participation are:
CAISO EIM System Bidding and Settlement System (PCI GenManager®)
Deal Management for GHG Tracking and EQR Reporting (PCI Deal Management)
Resource Optimization, Base Schedule Creation, and Balancing (PCI GenTrader®)
Outage Management System (PCI Asset Operations)
Performance Analytics (PCI Post Analysis and P&L Analyzer)
The PCI CAISO EIM system is a complete bid-to-bill solution that provides benefits to EIM Entities, Transmission Service Providers, Entity Scheduling Coordinators, and Participating Resource Scheduling Coordinators. Not only will the PCI system allow participants to engage in the market but, with its embedded analytics, customers will be allowed to improve operations over time through forward-looking optimization strategies and post-analysis.
“We value the trust NV Energy has put in PCI and are honored to continue supporting critical operations in CAISO EIM. With our broad and deep application platform we have been able to fill critical needs for NV Energy throughout the implementation and the collective team effort has been impressive to witness,” said Jason Kram, PCI’s Senior Vice President and Chief Marketing Officer.
NV Energy, Inc. provides a wide range of energy services to 1.3 million customers throughout Nevada and nearly 40 million tourists annually. NV Energy is a holding company whose principal subsidiaries, Nevada Power Company and Sierra Pacific Power Company, are doing business as NV Energy. The company is headquartered in Las Vegas, Nevada. For more information visit nvenergy.com.
About Power Costs, Inc. (PCI)
PCI is the leading provider of generation supply management and optimization software to energy focused companies. Founded in 1992 by Dr. Fred Lee, PCI continues to develop power industry software solutions, superior customer support and value-added services for top-tier energy customers. More than half of all power generation in the United States use PCI software solutions. PCI is a privately held company based in Norman, Oklahoma with offices in Houston, Texas and Raleigh, North Carolina. To learn more about PCI, please visit www.powercosts.com.
Power Costs, Inc. (PCI)