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nMarket Suite: OfferManager

Generation Offer Management

Streamlining the Generation Offer Management Process for Today's ISO/RTO Markets

In today's ISO/RTO markets, scheduling generation to match load without considering the actions of other market participants or market conditions is not enough. The ISO/RTO makes the unit commitment and economic dispatch decisions, and that means traditional generation offer strategies are changing.

nMarket OfferManager™ lets you create, analyze, adjust and execute the best offers utilizing both ISO-defined and custom algorithms to determine generation unit costs. It provides an asset manager unmatched visibility into resource and market information required to make decisions and quickly modify generation offers to reflect changing market conditions or expectations. OfferManager eliminates costly errors such as missed submission deadlines, units offered below cost, or offers that do not reflect actual unit capabilities. OfferManager provides comprehensive audit capability and is easily integrated with upstream and downstream applications systems utilizing standard, XML interfaces.

OfferManager allows you to automatically create generation offers according to pre-defined strategies, pre-validate the offers against ISO and user-defined rules, and provides the asset manager with decision support capabilities to determine the optimal offer strategy. This allows asset managers to spend less time on logistics and manual processes and more time executing their strategy.

Like all nMarket Suite modules, OfferManager addresses the specific requirements of each ISO/RTO market in a consistent and powerful solution to optimize the offer management process. OfferManager is easily integrated with upstream generation management, fuel planning, optimization, and deal capture systems utilizing standard, XML-based interfaces.

OfferManager Key Features

• Includes standard methods to create cost and market based offers
• Provides the capability to plug-in custom methods for offer creation
• Pre-validates offers against ISO and business rules prior to submission to ISO
• Supports the ability to manage each configuration of a combined-cycle plant
• Maintains and submits outages to the ISO/RTO
• Provides quick-edit capabilities to allow users to adjust offers graphically or via percent or absolute value adjustment
• Provides detailed audit trail that captures offer input data used to create offers as well as each version of an offer
• Allows each user to subscribe to notifications when data inputs change for a particular unit (ex. fuel price or operating limits)
• Provides customizable screen layouts and window attributes for each user
• Creates similar day LMP forecasts
• Provides up to date graphical decision support capabilities for key market and offer analysis information
• Tracks emissions credits and usage
• Tracks fuel prices inventory and usage
• Calculates profit and loss by generation asset and by portfolio
• Submits energy and ancillary services offers to the ISO
• Supports programmatic inbound APIs for key inputs