PCI Selected by Iberdrola Mexico to Provide End-to-End Market Participation and Trading Platform for the Mexico Wholesale Electricity Market (MEM)
March 6, 2018 – Norman, OK – Power Costs, Inc. (PCI) announced today that Iberdrola Mexico, the first and the largest private energy producer in the country has selected PCI’s industry-leading platform for market participation and trading for all its entities in the Mexico Wholesale Electricity Market (MEM). PCI will be implementing its integrated solution for Iberdrola Mexico to streamline its operation through one common trading portal.
Iberdrola Mexico’s IT Manager, Edgar Cruz Granados noted, “After rigorous selection process and upon evaluating other options in the market, we found PCI’s solution to be the most comprehensive that could be deployed to cover our immediate and future business needs.”
With this selection, PCI further expands its leadership in the market that now includes all types of MEM participants that cover more than 85% of generation capacity in Mexico. PCI software solutions for MEM are used by various types of market participants including Generation and Trading entities as well as by Qualified Suppliers.
“Our experience and track record of successful delivery of mission-critical software since the initial stage of the short-term market run by Centro Nacional de Control de Energía (CENACE) have given us the ability to implement end-to-end solutions for large and complex portfolios,” said Javier Martin, Vice president at PCI. “Iberdrola Mexico’s trust is a big milestone for us; we look forward to the beginning of a long-term relationship.”
About Iberdrola Mexico
Since the late 1990s, Iberdrola México has continuously increased its investments and activities in Mexico, which is considered a strategic country for the company’s internationalization. Thus far, Iberdrola México has created a capacity of 6,000 megawatts (MW) in the country through seven combined cycle and cogeneration power plants and 360 MW in five wind farms, whose production can provide service to a population of 20 million Mexicans. Mexico is a key strategic country in the internationalization of Iberdrola. The company expects to have a capacity of close to 10,000 MW by 2020. Iberdrola employs more than 700 people in Mexico, offering them a broad training program that takes up 3–4% of work hours. To learn more, please visit the Iberdrola Mexico website.
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, Raleigh, North Carolina and Mexico City, Mexico. To learn more, please visit PCI’s website.