OATI Supports Market Participants in Transition to CAISO EIM Market
May 04, 2016
Open Access Technology International, Inc. will host a third complimentary CAISO Energy Imbalance Market (EIM) workshop following the success of two previous EIM Workshops.
Minneapolis, MN: May 04, 2016 – OATI is pleased to announce an additional CAISO EIM Workshop June 01, 2016 in Sacramento, CA. OATI previously led successful EIM Workshops in Seattle, WA and Phoenix, AZ in March 2016, displaying experience and expertise in this market to nearly 100 attendees who learned about the challenges facing participants during transition to the EIM.
The CAISO EIM is a real-time market that provides reliability and renewable integration benefits by sharing and economically dispatching a wide variety of resources. With the most recent quarterly reports showing gross combined benefits for CAISO EIM market participants of more than $64.6 million, there’s no doubt that the EIM’s growth momentum won’t slow down anytime soon.
Renowned OATI CAISO EIM experts, including Dr. Farrokh Rahimi, Ph.D., Senior Vice President of Market Design and Consulting, and Mehdi Assadian, Principal Market Consultant, and our guest instructor, Dr. Jim Price, Senior Advisor, Market Development & Analysis, California ISO will present an in-depth analysis of potential benefits of participating in the EIM, helping attendees make sense of CAISO’s complex software application, integration requirements, as well as the changes and challenges involved in becoming a Participating Resource or an EIM Entity. Attendees can also earn three hours North American Electric Reliability Corporation (NERC) Continuing Education (CE) Hours.
In addition to knowledgeable EIM instructors, OATI has proven market experience with its NV Energy California ISO EIM Solution. This system has shown to increase potential market revenue, monitor charges, and ensure the highest level of accuracy and efficiency in dealing with the EIM market. The OATI webEIM solution completely integrates NV electronic tagging, scheduling, OASIS, and Energy Accounting systems to eliminate manual edits and submission of data to the CAISO EIM.
Gray Wright, formerly of NV Energy, was impressed with OATI’s ability to prepare NV Energy for the CAISO EIM.
“I want to thank the entire OATI team for such a successful Factory Acceptance Testing event,” said Wright. “This is the first time in my career that I have not had any variances in a Factory Acceptance Test. I was impressed with the instructors’ extensive EIM expertise and tagging knowledge, as well as OATI’s sophisticated data center.”
“OATI’s experience with the NV Energy Go-Live has given us real-world experience in the CAISO EIM,” said Dr. Rahimi. “This unique vantage point, along with the success of the first round of OATI EIM trainings, has created an overwhelming demand for more workshops. We are pleased to support Balancing Authorities (BAs) and Merchant Generators in navigating this complex market.”
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 1,600 customers in North America, OATI successfully deploys large, complicated, and diverse mission-critical applications committed to industry standards and stringent NERC CIP guidelines.
OATI 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.