MCG Energy

Energy Imbalance Market Solutions

Energy Imbalance Market (EIM) participants need tools to manage both new and legacy business requirements. MCG Energy’s suite of applications includes EIM functionality within our comprehensive Integrated Asset Management (IAM) software. Get the assistance of an elegant and robust solution designed to meet the demanding needs of EIM participants.

Discover How Energy Imbalance Market Software Can Help

EIM Software For Merchant Operations

Alternative solutions only address a segment of requirements. Only MCG Energy’s EIM Market solution addresses all aspects of the EIM in a comprehensive, integrated manner. MCG Energy’s products, experience, and system implementation record makes our solution for the EIM a wise management decision.

IAM is a comprehensive, integrated system for communication, as well as physical scheduling, trade capture, and asset management with the EIM. The system manages base schedule creation and submission, Bid/Offer/Parameter Submissions, Award retrieval, Shadow Settlements, and related reporting. IAM e-Tagging and transmission inventory management functionality is also used in physical scheduling. Assets including units, contracts, and load obligations are modeled in IAM to communicate with the market, and for internal analysis.

Learn about Integrated Asset Management Software

MCG Energy Accounting System (EAS) – Meter data management, and related calculations such as Net Scheduled Interchange and Net Actual Interchange, are performed in MCG EAS. Meter data submission to the market is a standard functionality of EAS, which is natively integrated with other MCG Energy applications, decreasing implementation risk and cost.
MCG Hosted Data Services (HDS) – Provides a user interface and programmatic access to the data created and received by all MCG Energy applications, and an efficient tool to run reports for large date ranges across multiple systems. The programmatic interface allows organizations to pull data as needed directly into internal systems with no direct involvement from MCG Energy. When hosted in MCG’s NIST SP 800-53 r5 (Moderate) complaint datacenters, HDS requires no table or hardware maintenance by the customer.

Comprehensive EIM Solutions

Base Schedule Data Creation

Allows the participating Resource Scheduling Coordinator to submit base schedule data, bid range data, and outage data for non-participating resources to the Entity Scheduling Coordinator for aggregation, and to forward to the market.

Settlements

The settlement subsystem pulls and displays settlements data from the EIM, and provides shadow calculations based on submitted data, accepted schedules, dispatches, and market prices. Multiple settlement statements can be aggregated for invoice reconciliation.

Meters and Calculations

Manages schedule and meter data from multiple data sources. Rollups and calculations allow for the visualization of your system as well as feeding internal billing systems. Meter data submission to the EIM can be performed manually or automated.

EIM Report Generation and Data Management

Validation, Submission, & Reporting

Prior to submission, validation reports allow the participant to review base schedule data, positions, bids/offers, and reserve adequacy. Examples include EIM Resource Adequacy Validation and Operating Reserves Validation reports. Once validated, the system fulfills all required market submissions for the participant for both day-ahead and RTUC/RTD markets including base schedule data, unit parameters, interchange data, bids, offers, and capacity. Performance reports provide a review of overall generation and bid strategy performance and EIM market results by bringing together bid, cost, price, and settlement data in tabular and chart views. Examples include EIM Generation Performance, market close imbalance and EIM Bid Strategy Performance reports.

Data Retention

All data for base schedules, outages, settlement, and submission (confirmation numbers, submission dates, status messages, etc.) are retained according to the customer’s compliance and accounting policies.

Data Interfaces

Provide integration to both internal and market systems for data acquisition, and tight integration with MCG Energy systems.

Asset Management

Bid Management

Allows the manual creation of participating resource schedules, bids, and offers. In addition, supports automatic, multi-tiered bid generation based on flexible, user-defined calculations at the resource level. Resource parameters from IAM’s Asset Management module can be used to define, save, and execute multiple bid strategies by resource or portfolio.

Position Management

Assists the operator in determining net position, potential imbalance, and scheduling workflow tracking. Positions are updated in real-time and utilize load forecasts, generation schedules, deals, tags, and meter data to provide the most up-to-date information possible.

Physical Scheduling

Fully integrates transactions, e-Tags and transmission reservation management. Deal automation functionality allows the user to create transactions, pull from transmission inventory, and submit tags with a few clicks of the mouse.

Manage Your EIM System with MCG Energy’s Integrated Solution

Take control of your EIM operations with MCG Energy’s robust and user-friendly software suite. Our integrated EIM solution empowers Merchant Operators to optimize scheduling, bidding, settlements, and data management. Ensure market compliance, reduce costs, and make data-driven decisions with MCG Energy. Contact us today to learn more about our industry-leading EIM solutions.

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