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Market Bidding And Real Time P&L
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Market Bidding And Real Time P&L
PowerBroker is a flexible and comprehensive web-based front office trading system, integrating financial and physical trading with all RTO/ISO markets. The system automates limit and parameter submission, provides optimal day-ahead real-time suggested offers, real-time profit and loss, and obtains all relevant data from ISO for analytics and performance reporting.
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Energy Market Bidding System
POWERBROKER
PowerBroker is a flexible and comprehensive web-based front office trading system, integrating financial and physical trading with all RTO/ISO markets, ranging from PJM, SPP, ERCOT, MISO, CAISO, and ISO-NE to NYISO.
The system provides a common interface for all trading business needs, eliminating data duplication, reducing errors, and streamlining the trading process. . Optimal Day Ahead and Real-Time generation and ancillary offers are provided to maximize profit by performing simulated dispatch using LMP, cost, plant and ISO constraints.
The system also provides real-time P&L and automates limit submission as well as any other ISO submission requirements With comprehensive cost development process, trading, RTO management, scheduling, generation and load management, risk, shadow settlements and reporting capabilities, PowerBroker simplifies and automates all of your ISO offer management requirements.
Benefits
PowerBroker automates key submission requirements and provides optimal day-ahead and real-time generation and ancillary bids to simplify offer management
- Strategy-based Bid Development: Use system suggested optimal offers or create your own bid strategy. Optimal offers are provided for day-ahead and real-time as well as energy and ancillary markets. Load Profile module allows for automated/simplified calculation of demand and virtual bids.
- Integrated Cost Development: Users can perform cost/bid analysis using various cost components calculated using Compliance or True Cost rules. Profit and Loss Module: Users employ this module for market strategy, financial cash flow and other operational and financial activities.
- Integration with all ISO systems in the United States. PowerBroker allows reporting of every data point across all the ISOs. This allows users to analyze data using different views and metrics.
Functionality
- Cost Development: Ability to generate True cost and market compliance cost components.
- Bid Management: Management and submission of day-ahead/real-time generation bid, ancillary offer, regulation bid, bilateral, FTR, scheduling and demand/virtual bid management
- Configuration Data: Management and submission of unit, schedule and fuel data.
- Profit and Loss: Detailed view of various revenue and costs such as generation offers, demand bids, Inc/Dec virtual bids, the bilateral contracts and the FTRs tracked and calculated on as-operated basis in terms of Day-Ahead and Real-Time markets.
- Shadow Settlement: Ability to execute after-the-hour shadow settlement. ISO Portal: Ability to view every data point of each ISO system.
- Unit Dispatch: Optimum unit dispatch for both day-ahead and real-time market.
FREQUENTLY ASKED QUESTION
NERC GADS data is submitted through the GADS Open Source software or third party apps like PowerGADS. It includes operational statistics, event data, and derived statistics, following NERC’s defined formats and protocols.
NERC GADS provides comprehensive operational data that helps identify patterns, trends, and anomalies. This information aids in enhancing the reliability and efficiency of the power grid.
NERC provides detailed guidelines outlining the methods for data collection, the formats for data submission, the types of events to report, and how to conduct data audits. It ensures the data’s accuracy and consistency.
