Slice & Dice – REMIT legislation
Optimizing commercial dispatch while securing historical accountability
In general, key business processes for balancing responsible parties and (multi-utility) industrial energy users, focus on optimal management of power and/or production stations aiming at:
- Least operational cost of individual stations and generation sets
- Maximum profitable operations within a real-time trading environment
However, this requires the ability to evaluate the differential costs and profits associated with minimizing costs or maximizing profits. In addition, this requires the ability to rapidly evaluate what-if scenarios associated with your market portfolios.
Slicing & dicing of time series data
With EBASE, you can rapidly evaluate minimum cost and maximum profit scenarios in response to real-time business situations. It offers flexible slice & dice options that match cross-sections of different time-series and links them to relevant meta information such as connection properties. This data is presented on actionable dashboards that allow for substantiated, profitable decision making.
You need to report your wholesale energy market transactions to the European Agency for the Cooperation of Energy Regulators (ACER). Doing so, you are compliant with the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) designed to increase the transparency and stability of the European energy markets.
Recall cross-sections of your portfolio at any given time
To counter accusations of insider trading or market manipulation and prohibit penalties, EBASE enables you to recall historical cross-sections of your portfolio at any given time.
Since EBASE automatically adds or removes contracts following start and end dates, these historical cross-sections match with the exact situation on which you based a particular market transaction. This will help you explain the rationale behind your market behaviour in the past.
For more information what EBASE can do you for you, contact Michiel Kuiper +31 6 2602 8130 or reach out to Energy21.