EnDimensions Sponsors International Gathering of Industry Professionals

EnDimensions was proud to sponsor the 2023 Association of Power Exchanges (APEx) convention October 2023, in Istanbul, Turkey. APEx is an international group of energy market operators that is conceived and operated as a means for market operators to share insights and methods for both new and evolving energy markets across the globe. As always, it is a much-appreciated opportunity for EnDimensions staff to meet and “talk shop” with a diverse group of staff and executives who are instrumental in advancing the social benefits of energy markets from Europe, North America, Asia, Latin America, Africa and the Middle East.

Dr. Jeff Chapman was pleased to share the expertise of EnDimensions in the area of financial management and financial settlements with the group, focusing on expanding the utilization of renewable energy sources worldwide. In every area in the world, the expanding use of renewable energy sources presents operational and market challenges that must be addressed to provide clean, economical and reliable energy. Markets must create on-ramps to market participation for innovative technologies, providing incentives to increase beneficial sources of green energy and fostering innovation.

But fostering renewable energy development presents a number of challenges to market operators, invariably increasing the data volume and complexity of the transactional side of the market. A few of the major roadblocks, particularly in developing markets, are as follows:

• Shorter intervals for pricing and settlement drive a large increase the amount of data processing required. For example, transitioning from a single daily energy price to an hourly price increases the data volume by a factor of at least 24. Go to 5-minute intervals and that factor increase to 288 or more

• Increased operational requirements for flexible resources to provide energy for filling in the peaks and valleys of renewable energy production require new products and services, such as flexible ramping and operating reserves, multiplying the complexity of settlement calculations

• Increasing regulatory and auditability requirements make it mandatory to have a robust, stable and centralized system to allow for transparency in all financial transactions and to provide a platform for reporting to government oversight agencies

• Budget Constraints make it difficult to place expensive IT infrastructure in service before it is needed, creating a critical need for systems that can start small but scale up cleanly and conveniently to meet increasing demands

It is critical for evolving markets to keep the settlement side of the picture in sight, and act proactively to put robust financial systems and supporting IT platforms in place to avoid being overwhelmed by the changes that new market policies require.

EnDimensions Presents Forum on Digital Transformation for Utility Group Andesco in Colombia

EnDimensions was pleased to sponsor a forum at Andesco in Cartagena, Colombia where Dr. Jeff Chapman, EnDimensions president and CEO, presented the audience the latest in the topic of digital transformation in the energy domain.

We are always happy to share our knowledge, build connections and provide support in conferences such as Andesco are welcome opportunities to interact and build relationships with stakeholders in the market.

EnDimensions Proudly Sponsors APEx 2016, International Gathering of Energy Market Operators

Medellin, Colombia, October 12, 2016

EnDimensions participated as an active sponsor of the annual convention of the Association of Power Exchanges (APEx), an international organization of energy market operators from around the world.

PJM CEO Andy Ott’s keynote address introduced a number of issues including integration of distributed and renewable energy resources and the impact of distribution-level microgrids that became common threads of discussion among many presenters and attendees. These issues create challenges as ISOs and RTOs look to develop new market mechanisms to reduce carbon dioxide, foster reliability and encourage investment while managing an exponential increase in market complexity and data volume. More products, more market participants and tight real-time market intervals are inexorably increasing the amount of data that must be processed to keep the market running. These factors have the potential to create a perfect storm that stresses operational and back office systems to their limits.

Markets outside of Europe and North America are confronted with many of the same issues, as a number of existing and prospective energy markets see double-digit near-term growth in energy demand. Expanding economies and growing per-capita power utilization fuel the need and determination to innovate in response to the local and global demands of the 21st century. Many common themes apply but each market is also unique in some aspects.

Ivanova Ancheta, Director of Guatemala’s National Commission of Energy, spoke of the long, successful effort to meld six Central American power systems together to forge an international energy market.

Both internationally and in the U.S., ISOs and RTOs are looking ahead to create vibrant markets that encourage investment in environmentally friendly technologies, enhance reliability and reduce emissions by leveraging distributed generation, demand response and microgrids. In so doing they look to also provide cost reduction and long term value to consumers. As part of that effort, ISOs and RTOs must evaluate whether their existing software and hardware infrastructure will be able to support growing and changing markets over the next five to ten years. EnDimensions LLC is working hand-in-hand with market operators to support this transition. With innovative products geared specifically for market operators, EnDimensions provides the next generation of large scale back-office management systems for post-processing, settlements, billing, reporting and analytics to reduce costs and keep our power markets humming for years to come.

For further information, please refer to http://www.endimensions.com.

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