APX Scheduling and Settlement Service Responds to California ISO Changes Without Complex System Upgrades for Its Clients.Business Editors/Energy Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 6, 2002 APX, a provider of transaction processing services for the electric power industry, today announced that it has provided new power scheduling and settlement functionality to its clients in the California Independent System Operator (CAISO CAISO California Independent System Operator ) control area. APX implemented the new functionality Oct. 29 to respond to the first phase of the CAISO's Market Design 2002, or MD02. The new functionality includes: price information reports on automatic mitigation procedures for each APX client's resources; and a screen in the APX Market Window scheduling interface for entering the single energy curve that replaces multiple energy curves for bids into the CAISO ancillary services and supplemental markets. "Because APX provides power scheduling and financial settlement as a service, APX clients never have to make complex upgrades to their own in-house computer systems," said Denice Purdum, APX senior director of product development. "Just as importantly, APX staff stays up to date on ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. protocols and market rules at all times, so that our clients get value-added service." The CAISO Market Design 2002 introduces a number of changes in areas such as congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. management, scheduling operations, and settlement that will be implemented in several phases through fall 2003. The next phase, which is scheduled for roll out Jan. 31, 2003, is anticipated to implement changes in outage requests, generation deviation penalties, and settlement procedures. "On behalf of our clients, APX is actively engaged in the planning for future phases of the new market design, and will continue to keep our systems and staff ready for each change," said Purdum. APX is the designated scheduling coordinator with the CAISO for approximately 30 clients that include generators, retailers, power marketers, and municipal utilities. APX schedules approximately 150 million megawatt hours of power per year in the CAISO control area. With operations in the Western Electricity Coordinating Council  The Western Electricity Coordinating Council (WECC) (WECC WECC Western Electricity Coordinating CouncilWECC Western European Calibration Cooperation WECC Web Enabled Call Center (Cisco) WECC Weapons Enterprise Capability Center ), which includes the CAISO, and the Electric Reliability Council of Texas  The Electric Reliability Council of Texas (ERCOT) formed in 1970, as the successor to the Texas Interconected System (TIS). (ERCOT ERCOT Electric Reliability Council Of Texas, Inc. ) regions, APX is the largest independent scheduling and settlement service provider in North America. About APX Inc.: A transaction processing service provider for wholesale electric power markets, APX processes more than 700 million megawatt hours per year for approximately 200 client companies in North America and Europe. Services include scheduling and settlement, trading platforms and brokerages, generation information, and demand response. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , APX has offices in California, Texas, Connecticut, England, and Norway. More information is available at www.apx.com. |
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