Market Management System (MMS) for Electricity Markets
Ventyx MMS Overview
The electricity industry worldwide is undergoing significant restructuring and is expected to do so in the future as smarter grid initiatives are realized. This restructuring has impacted wholesale electricity markets over the years, with its evolution taking stage in the 1990's and 2000's and now in its next phase in 2011 and beyond. With the main goals of improving market efficiency, system reliability and better managing transmission congestion, markets are now increasingly faced with challenges of regional market integration, renewables integration and "smart grid" resources such as demand response and energy storage. Ventyx's MMS is used in electricity markets worldwide to provide solutions for such challenges, so that stakeholders; especially the end-customers, benefit from lower electricity prices, reliable power grid and efficient investment.
Ventyx MMS is a complete Market Management System for present and future electricity markets. It includes a set of advanced applications and a modern standards-based IT infrastructure that supports various market related functions performed by Market/System operational organizations including Independent System Operators (ISO), Regional Transmission Organizations (RTO), Market Operators (MO) and Transmission System Operators (TSO). It supports various market designs and standards utilized by the above organizations throughout the globe; including North American "Standard Market Design (SMD)" and European ENTSO-E protocols.
Ventyx MMS solution enables operators worldwide to realize their key objectives:
- Enhanced power system reliability
- Efficient grid dispatch
- Better price transparency and price signals
- Foster renewables and demand response
- Flexibility and liquidity in the marketplace
MMS product portfolio includes Market Clearing and Advanced Applications; Market Trading; Commercial/Other for Commercial Reconciliation functions like meter data management, settlements, and accounting and System Services for enterprise integration and high availability. Outage Scheduler is also offered as a stand alone product or part of an integrated MMS for RTOs/ISOs, market participants and utilities.
Ventyx MMS technology provides the following major benefits:
- Powerful and reliable solutions that are advanced, scalable, and secure
- Faster turnaround times using advanced technologies
- Lowest total cost of ownership
- Easy to use systems
MMS' robust and configurable solution is a proven solution with installations in market and system operators worldwide.
