PCI selected to implement its industry leading ISO market platform for Comisión Federal de Electricidad (CFE), the largest power generation company in Mexico’s new Mercado Electrico Mayorista (MEM).
January 07, 2016 – Norman, OK – Power Costs Inc. (PCI) announced today that Instituto de Investigaciones Eléctricas (IIE) has selected PCI’s state-of-the-art platform for implementing the new wholesale energy market solution for Comisión Federal de Electricidad – Subdirección De Generación (CFE-SDG), the largest power generation company in Mexico.
PCI is implementing its comprehensive GenManager solution to assist CFE with market readiness and is getting ready to go-live with commencement of Day-Ahead and Real-Time market Settlements to be run by Centro Nacional de Control de Energía (CENACE).
IIE’s lead Program Manager, Isaac Parra noted, “As part of a rigorous selection process for our large client, we reviewed solutions offered by several vendors from USA and EU, we selected PCI based on several key factors including:
- Product robustness and quick implementation to handle large generation portfolio of over 60,000 MWs
- Vast and in-depth experience of implementing ISO solutions for similar size companies
- Reliable vendor committed to Mexico Energy Market ”
With this selection, PCI is further extending its leadership in Mexico and is on the cusp for significant expansion in coming future. Its client base includes a wide range of energy Industry players from large to small utilities as well as marketing, supply and trading firms in all North American markets.
“Our experience in working with the rest of the ISO markets in North America plus the strong collaboration with IIE, CFE and CENACE has helped us to adapt very quickly to the changing needs of the new Wholesale Electricity market in Mexico. We are now in a great position to complete market testing and take the system to production for the launch of the market.” said Javier Martin, Vice-president at PCI.
About Instituto de Investigaciones Eléctricas (IIE)
Instituto de Investigaciones Eléctricas (IIE) is a public enterprise dedicated to innovation, technological development and applied scientific research, in order to develop technologies applicable to the electrical and oil industries, providing support to the Energy Sector in electrical generation, transmission and distribution processes and improvement oil processes. IIE was created by Presidential Decree on behalf of the Mexican Government on the first of December, 1975, as a decentralized organization with its own legal identity and patrimony, whose assignment was scientific and technical in nature.
About Power Costs, Inc. (PCI)
PCI is the leading provider of generation supply management software, superior customer support and value-added services for energy focused companies. Founded in 1992 by Dr. Fred Lee, PCI continues to refine and develop new software solutions that meet the ever-evolving needs of its clients which include investor-owned, municipal and cooperative utilities, independent power producers as well as energy marketing and trading organizations. More than half of all the power generated in the United States is optimized using PCI software solutions and over 60% of the Fortune 500 Energy and Utility firms in the U.S. are PCI clients. 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
Source: Business Wire