Tacoma Power has selected PCI to deploy multiple enterprise cloud platform solutions as part of its organizational roadmap to join the Western Energy Imbalance Market (WEIM) operated by the California Independent System Operator (CAISO). The selection was made as the result of a competitive process and Tacoma Power is scheduled for WEIM go-live in 2022.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200512005013/en/
PCI Enterprise Value Creation (Graphic: PCI)
The contract with PCI is for a Software-as-a-Service (SaaS) solution that will provide critical functionality required for WEIM participation, including:
- Energy Trading and Risk Management (ETRM)
- WEIM Bidding and Base Schedule Management for PRSC and EESC entities.
- Meter Data Management
- Market Settlements PRSC and EESC entities
- System Integration and Automation
“PCI is proud to have Tacoma Power as one of its premier enterprise customers and values its trust in us,” said Shailesh Mishra, PCI Vice President. “For a timely and seamless transition into WEIM, our experienced and dedicated team of experts plan for a multi-stage deployment that includes PCI’s ETRM solution followed by our WEIM functionality.”
The PCI Platform is a complete solution that provides benefits to various WEIM Entities, Transmission Service Providers, Entity Scheduling Coordinators, and Participating Resource Scheduling Coordinators.
PCI’s Platform for WEIM participants comes out-of-the-box with all the required data interfaces, embedded analytics, business process automation, open data and reporting capabilities that offer unparalleled “end-to-end” support for numerous business functions. It allows clients to streamline operations through both forward-looking strategies and post-analysis.
About Tacoma Power
Tacoma Power provides electric service to the city of Tacoma, Fircrest, University Place, Fife, parts of Steilacoom, Lakewood, Joint Base Lewis-McChord and unincorporated Pierce County as far south as Roy. That’s nearly 179,000 customers. View a more detailed map of our service territory and others who serve around us. We have been publicly owned since 1893. We are a division of Tacoma Public Utilities and are governed by a five-member Public Utility Board. For more information, please visit Tacoma Power’s website.
About Power Costs, Inc. (PCI)
PCI’s CAISO EIM platform is a complete solution set that provides benefits to EIM Entities, Transmission Service Providers, Entity Scheduling Coordinators, and Participating Resource Scheduling Coordinators. PCI is the leading provider of generation supply management software, superior customer support and value-added services for energy companies worldwide. We build and refine software tools to meet the ever-evolving needs of energy market participants (and non-participants) that include utilities (investor-owned, public power and cooperative), energy marketers and traders, as well as independent power producers. More than half of all the power generated in North America is optimized using the PCI Platform and over 60% of the Fortune 500 Energy and Utility firms in the U.S. are PCI clients. The firm is privately held and based in Norman (OK) with offices in Houston (TX), Raleigh (NC) and Mexico City. To learn more, please visit PCI’s website.