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Structure to Build Custom Credit Management System for SPP’s Integrated Marketplace

Posted By Phyllis Goodson On October 4, 2011 @ 3:55 pm In News and Events | No Comments

Market Knowledge and Experience Are Deciding Factors

HOUSTON  (October 4, 2011) – Structure™, a leader in utility business advisory, system integration, and customized software solutions, has been selected by Southwest Power Pool, Inc. (SPP) to build a credit management platform to support the Integrated Marketplace.

SPP’s Integrated Marketplace, scheduled to go-live in March 2014, is expected to improve market efficiencies through the addition of Transmission Congestion Rights and Virtual Bidding to the Day-Ahead Market and replacement of the Energy Imbalance Service Market with a Real-Time Balancing Market.  These new market features will have substantial impacts on credit exposure.

SPP selected Structure based on its experience designing and developing a nodal market credit management platform for the California Independent System Operator Corporation (California ISO). Once deployed, SPP’s credit system will pro-actively monitor, manage, and report on market participant credit exposure related to Integrated Marketplace activities.

“Nodal markets concepts, such as Virtual Trading and Financial Transmission Rights, introduce new credit risks to energy markets.  Innovative solutions are required to effectively mitigate these risks,” said Sean Donoghue, Structure Partner and Competitive Energy Solutions Market Practice Lead.  “Timely and accurate credit analysis is critical to maintaining the integrity of advanced energy markets.  We look forward to partnering with SPP to deploy this capability in support of their launch of the Integrated Marketplace.”

Structure’s Houston-based Custom Software Group designs and develops custom energy industry solutions by combining world-class development capabilities with deep energy market expertise.  Structure has delivered custom solutions to over 100 energy and utility clients.

About SPP

Southwest Power Pool, Inc. is a group of 64 members in Arkansas, Kansas, Louisiana, Mississippi, Missouri, Nebraska, New Mexico, Oklahoma, and Texas that serve more than 15 million customers. Membership is comprised of investor-owned utilities, municipal systems, generation and transmission cooperatives, state authorities, wholesale generators, power marketers, and independent transmission companies. SPP's footprint includes 48,930 miles of transmission lines, and 370,000 square miles of service territory. SPP was a founding member of the North American Electric Reliability Corporation in 1968, and was designated by the Federal Energy Regulatory Commission as a Regional Transmission Organization (RTO) in 2004 and a Regional Entity (RE) in 2007. As an RTO, SPP ensures reliable supplies of power, adequate transmission infrastructure, and competitive wholesale prices of electricity. The SPP RE oversees compliance enforcement and reliability standards development. Read more fast facts [1] or watch a video about SPP [2].

About Structure

Structure is a leading provider of business advisory, system integration, and customized solution development services focused exclusively on the energy and utilities industries.  Structure relies on deep industry expertise and proven methodologies to deliver projects across Smart Grid /Distribution Operations /Distribution Automation, SCADA and Energy Management Systems, Competitive Energy Market Solutions, and Energy Trading and Risk Management. For more information, visit www.thestructuregroup.com [3].

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URL to article: http://www.thestructuregroup.com/structure-to-build-custom-credit-management-system-for-spp%e2%80%99s-integrated-marketplace

URLs in this post:

[1] Read more fast facts: http://www.spp.org/section.asp?pageID=28

[2] watch a video about SPP: http://www.spp.org/AboutVid.html

[3] www.thestructuregroup.com: http://www.thesreucturegroup.com

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