Balancing software GridOS® Markets

optimizationinterfacescheduling

Markets participation is an immensely complicated affair for utilities. Cut through that complexity with GridOS Markets, GE Vernova’s suite of intuitive solutions that facilitate market transactions, including wholesale, balancing, settlements, and spot. GridOS Markets is designed around a modern, microservices-based architecture that supports product-based modules. These modules are reusable and can be implemented quickly and easily to meet tight regulatory deadlines. A wide range of market applications are covered: Forward capacity markets Financial Transmission Rights (FTR) Day-ahead and real-time markets (security constrained commitment, scheduling, and dispatching) Look-ahead and fast-start resource commitment and dispatch ENTSO-E capacity allocation Scheduling and balancing market Settlements GridOS Markets features an advanced optimization engine used to clear the market bids in the day-ahead and real-time markets based on market rules and customer requirements. It also features a built-in pricing capability, able to accommodate system, regional, and nodal pricings. Settlements helps utilities finalize the charges, credits, costs, and fees associated with their market financial transactions, including disputing charges. ENTSO-E Markets is specifically tailored for the European market, based on EU (ENTSO-E, ACER) regulations. It provides an integrated suite of products for managing transmission capacity allocation, scheduling, reserves, balancing of energy, and settlements. Essential for FERC 881 compliance, LEP provides an interface for transmitting, acquiring, and storing transmission line ratings and associated data.