Why SoftSmiths Power Scheduling & Settlements?
SoftSmiths delivers a complete solution for scheduling and settlements across multiple ISOs and non-ISO markets. Our platform automates the submission and validation of day-ahead and real-time schedules while ensuring accurate, timely settlements through integrated shadow settlement processes. Whether you're managing wholesale power transactions or reconciling ISO invoices, our platform helps reduce errors and improves efficiency.
Key Benefits
Automated Scheduling
Seamlessly schedule power across multiple ISOs with real-time validation.
Shadow Settlements
Ensure accurate settlement reconciliation with detailed shadow settlement reports.
Flexible
Billing
Automate settlement allocations and wholesale billing with customizable templates.
Automate Power Scheduling with Real-Time Validation
SoftSmiths automates power scheduling across day-ahead and real-time markets, ensuring that all submissions are accurate and validated before being sent to the ISO. Our platform supports scheduling for multiple ISOs and non-ISO markets, reducing the manual workload and helping you avoid costly errors.
• Day-ahead and real-time scheduling for ISO and non-ISO markets.
• Real-time validation to prevent errors before submission.
• Support for scheduling across multiple ISOs from a single platform.
Submit Schedules in Real-Time Across Multiple ISOs
Our platform provides real-time submissions for ISO markets like ERCOT, PJM, and CAISO, ensuring compliance and accuracy. By automating the process, SoftSmiths minimizes delays and prevents submission errors, giving you more control over your operations.
• Real-time ISO submissions across multiple markets.
• Monitor and track the status of submissions with real-time feedback.
• Minimize errors and improve compliance with automated submissions.
Improve Accuracy with Shadow Settlements
SoftSmiths' shadow settlement functionality reconciles market operator invoices with your internal data. By comparing actual settlement data with expected values, you can identify discrepancies early and ensure accurate final settlements, reducing disputes and improving cash flow management.
• Detailed shadow settlements for reconciliation with ISO invoices.
• Customizable settlement reports to identify discrepancies.
• Minimize disputes by validating invoices before final settlement.
Automate Complex Settlements and Billing with Advanced Allocations
SoftSmiths provides a powerful billing engine capable of handling complex settlement scenarios, ensuring compliance with different market rules and customer contracts. Whether you're dealing with wholesale power transactions, multi-party agreements, or specific cost allocations, our platform allows you to manage these complexities with ease. The automated system processes settlement allocations and billing for different products, services, and market participants, offering flexible templates to meet your needs.
• Automate settlement allocations for complex wholesale energy transactions.
• Handle multi-party agreements, rate structures, and specific cost allocations.
• Flexible billing templates that adjust to different market or contractual requirements.
• Generate detailed cost reports and invoices that are fully customizable to match market rules and customer-specific agreements.
Integrate Asset & Outage Management for Better Planning
SoftSmiths integrates outage and asset management with scheduling and settlements to give you full visibility into generation resources. By incorporating real-time asset data, you can optimize scheduling decisions, manage outages, and reduce settlement discrepancies caused by asset downtime.
• Integrated outage and asset management to optimize scheduling.
• Track asset availability in real time to avoid settlement issues.
• Improve accuracy and efficiency in power resource planning.
CASE STUDY
How SoftSmiths Helped a Major Municipal Power Provider Reduce Scheduling Errors
A large municipal power provider improved their day-ahead scheduling accuracy by 20% with SoftSmiths’ automated scheduling and shadow settlement tools. By implementing real-time ISO submissions and automated validation, the provider significantly reduced manual errors, leading to fewer settlement disputes and improved operational efficiency.
"The ability to streamline our scheduling and automate settlements has significantly improved our operational efficiency, reducing manual errors and saving time. SoftSmiths' platform offers the kind of accuracy and reliability we need to manage complex power transactions."
– Operations Manager, Municipal Power Provider