Market Management Solutions
Smarter energy. Smarter choices.
With the main goals of improving market efficiency, system reliability and better managing transmission congestion, markets are now increasingly faced with challenges of regional market integration, renewables integration and "smart grid" resources such as demand response and energy storage.
Ventyx has a complete market management system for present and future electricity markets which includes a set of advanced applications that support various market-related functions performed by market/system operational organizations, including independent system operators (ISOs), regional transmission organizations (RTOs), market operators (MOs) and transmission system operators (TSOs). It supports various market designs and standards utilized by these organizations throughout the world, including the North American Standard Market Design (SMD) and European ENTSO-E protocols
expand Key Benefits
Ventyx Market Management solutions deliver the following benefits:
- Enhanced power system reliability
- Efficient grid dispatch
- Better price transparency and price signals
- Foster renewables and demand response
- Flexibility and liquidity in the marketplace
- Powerful and reliable solutions which are advanced, scalable and secure
- Lowest total cost of ownership
- Easy-to-use systems
expand Key Capabilities
|Clearing & Congestion Management||Efficiently and reliably produce optimal schedules and locational/zonal prices as well as secure schedules for both the intact network and contingencies, with or without transmission constraints. Ventyx provides look-ahead capability, which allows the current dispatch to take into consideration ramp rate and future known events (such as load changes and planned outages). It supports co-optimization of energy and ancillary service markets in both Day Ahead and Real-Time.|
|Secure Market Trading Infrastructure||Operate an entire range of markets with a robust trading platform for energy, ancillary services, financial transmission rights (FTR), capacity rights and other trading products. Manage market operations with the means to monitor the market proceedings, manage the participant registration lifecycle, process incoming bids and offers and query submitted bids and offers. Maintain business rules, monitor and manage participant credit, and process and interface market data with the public Web server system and individual market participants. Market participants and external systems can rapidly implement highly secure interfaces to market trading through the use of software industry standards.|
|Settlements, Accounting, Billing and Meter Data Management||Support end-to-end market settlement lifecycle operations, including workflow control, charge configuration, data preparation, calculation engine, publishing and dispute resolution. Enable accounting and billing capabilities for general ledger, accounts payable, accounts receivable, bank management (EFT) and cash management. Make use of meter data management (MDM) for managing meter data, which includes registration support for MDM, MDM core applications, MDM Operator and MDP Interface MDM-Settlements Interface.|
Submit transmission equipment and generation resource outage requests and manage these requests throughout the life cycle of outages in a secure, efficient and user-friendly environment. Create simple outage submission, updates, and extension, group submission, updates, and extensions, recurring outages, and dependencies between outages (e.g., opportunity outages). Interact with a variety of other systems, making outage data available and easily accessible while importing pertinent data for outage validation from external systems.