PCI on the move in Southwest Power Pool (SPP); after successful go-live with SPP Integrated Market, PCI prepares Customers for Phase-2
May 28, 2014 – Norman, OK – PCI successfully went live with large number of customers in Southwest Power Pool (SPP) as part of SPP’s transition from the Energy Imbalance market to the new Integrated Market (SPP-IM) and is already progressing on the SPP IM Phase-2 initiatives. PCI solutions support more than 85 percent of the generation capacity in SPP.
The Integrated Marketplace replaced the Energy Imbalance Service Market on March 1, 2014. The Integrated Marketplace added day-ahead, real-time balancing and transmission congestion rights markets to the legacy wholesale real-time market. While actively working with the ISO and market participants PCI consultants rapidly deployed multiple modules to meet bid-to-bill requirements for the new market design.
PCI upgraded existing customers and went live with new customers by deploying PCI GenManager, their market interface and settlement product, to accommodate Integrated Marketplace additions that included:
- A Day-Ahead Market with Transmission Congestion Rights (TCRs)
- A Reliability Unit Commitment process
- A Real-Time Balancing Market replacing SPP’s Energy Imbalance Service (EIS) Market
- Incorporation of a price-based Operating Reserve Market
- Combining current Balancing Authorities into a single SPP Balancing Authority
“PCI supports customers with a vast majority of the generation capacity in the SPP market and we also support SPP itself so we share the urgency with them during significant market changes like the Integrated Marketplace release,” said Jason Kram, Senior Vice President and Chief Marketing Officer at PCI. “We are now actively engaged in the Phase-2 initiatives and continue to be proactively involved in SPP market working groups.”
Several enhancements will be implemented within next few months. These improvements include three FERC mandated and several SPP member-requested projects. Specifically, future phase includes:
- Long-Term Congestion Rights
- Regulation Compensation
- Pseudo-Tie Out
- Enhanced Combined Cycle
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 Powercosts.com.