OATI Provides Manitoba Hydro with Renewable Energy Credit Management Solution
Jan 14, 2014
Manitoba Hydro selects Open Access Technology International, Inc. (OATI) for comprehensive Renewable Energy Credit (REC) inventory and transaction management.
Minneapolis, MN: January 14, 2014 — Satisfying contractual requirements by ensuring the RECs produced and/or traded are correctly allocated and properly tracked can be a tedious and stressful task. To alleviate these challenges, Manitoba Hydro, the largest energy utility from the Province of Manitoba, turned to OATI to implement a tool that ensures an up-to-date REC inventory is kept and compliance maintained with regional renewable energy tracking systems.
On December 16, 2013, OATI provided Manitoba Hydro OATI webREC, an intuitive solution to effectively manage REC transactions, REC inventory, and REC status. Manitoba Hydro is also now equipped with the ability to identify new revenue opportunities by monitoring unbundled RECs available for sale for all vintage months.
OATI webREC accurately performs generation allocation by assigning generation MWh to Manitoba Hydro’s obligations, such as bilateral contract sales and sales into markets utilizing a flexible rules-based allocation engine. The powerful allocation rules engine allows Manitoba Hydro to account for both symmetric and asymmetric rules, rule priorities, allocation policies, and execution sequences based on their specific needs.
“With OATI webREC in place, Manitoba Hydro possesses a solution to overcome the complications of REC management,” said Sasan Mokhtari, Ph.D., President and CEO of OATI. “Manitoba Hydro can now get the most from their REC portfolio and ensure all obligations are met.”
OATI provides innovative software solutions that simplify, streamline, and empower the operational tasks required in today’s energy commerce and Smart Grid. With more than 1,300 customers in North America, OATI successfully deploys large, complicated, and diverse mission-critical applications committed to industry standards and stringent NERC CIP guidelines.
OATI (www.oati.com) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota, with an office in Redwood City, California. For more information, please contact email@example.com.