Step 1. Manage Unit Constraints and Parameters
- Ability to capture and maintain all components used to calculate fuel related costs across all ISO markets (currently PJM, SPP, ERCOT, & MISO).
- Ability to define and maintain Cost Development Policies for each market based on: Weighted Average Fuel Costs, Replacement Fuel Costs, True Fuel Costs, User Defined Costs and CDTF Fuel Costs.
- Ability to define and update costing methodology for each market as changes occurs.
- PowerSpark is a market dependent generation cost development system. PowerSpark estimates a unit’s substantive energy production cost for marked bidding and unit dispatch based on historical and recent expenditure patterns. It maintains unit parameters that are related to the equipment efficiency and operating constraints that may affect the production outcome.
- Configuration Data: Management and submission of unit, schedule and fuel data.
- 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.
- Profit and Loss: Detailed view of various revenues 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.
- Ability to define existing standard reports as well as have ad hoc reporting capabilities.
- Ability to perform “What If” Scenarios by retrieving & modifying data from one of the standard policy dataset.