Settlements / Meter Data

Meter Data Settlements Process:
Managing Settlements with any Independent System Operator (I.S.O) has become a daunting challenge to the market participants due to the involvement of multiple parties, handoffs, complex calculations, validation & settlements processes. In order to produce “Settlement Quality” Meter data to the ISO’s, market participants must have internal systems that produce meter and price data that is accurate, correct, complete and presentable in a timely manner.
Fortech’s Settlements Management Solutions (SMS) provide clients easy to use Web based and integrated software that can improve the accuracy & efficiency of the complex ISO settlement process while eliminating costly penalties. Fortech’s solutions consist of the following configurable modules: >
Meter Reader
Collect meter data files from various MDMA’s & Scheduled via Configurable Scheduler
Validation of incoming meter ID with existing meter names / ID
Process edited files into a database
Mitigate duplicate file processing
DLF Parser
Pulls distribution loss factors from external UDC websites & Scheduled via Windows Scheduler
Stores downloaded files into a local file storage server and to a database

Stores processed data into pre-defined database

Meter Settlements

Aggregated meter data submitted to ISO and to the respective UDC’s (Can be scheduled)

Aggregated data is written to a MDEF, CSV or other formats
Settlement Acknowledgement
Processes settlement acknowledgement files received from ISO
Perform additional verification from 3rd party sites (such as OMAR)
Change Request
Automate change request based on calculated deviations
Generate change request forms to be submitted to ISO
Undo / Adjust an existing Change Request
User Defined Reports
Audit log
Reports
Benefits:
Improve your organization’s Efficiency &
Reliability
Eliminate duplicate data entries
Reduce the Settlement cycle time
Improve the regulatory response time and
avoid costly penalties
Achieve an immediate impact on ROI
Our Services:
Analysis of your existing system and
development of scope of work as needed

Post Implementation support (optional)

Configuring & Implementation of Fortech’s
Meter Data Settlements Solution for your
business practices & systems
Call Janine for a web demo at (480) 237-0457 or send an email to info@fortechenergyinc.com & experience the power of automation!

 

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