First Registered Entity in Mexican Energy Market Selects OATI’s CTRM Solution
Leading software solutions company to leverage decades of experience to support e3’s success as they navigate the technical complexity of new market.
Minneapolis, MN: October 26, 2015 – Open Access Technology International, Inc. (OATI) announced today that it will provide its comprehensive webCTRM solution to Estrategia Energía Eléctrica (e3), the first entity to register as a service provider in the new Mexican Energy Market (MEM).
e3 will function as an interface for both generation and load entities looking to access the new market. e3 will use OATI webCTRM and the webMercado Eléctrico market solution to manage generation offers, demand-bids, and bilateral transactions, with a complete settlements engine.
“The changes and collateral effects of the Mexican Reforms have created a perfect storm which need to be passed before reaching the promised calmed blue sea of the New Electricity Market,” said Francisco Fuentes, Director General of e3. “e3 has selected the OATI platform to provide our experienced team with the most reliable and advanced tools to navigate and procure our customers with the unique combination of experience and high-tech.”
Mr. Gustavo Salvador, Founding Partner and Member of Advisory Board of e3 added, “I think the most important point to e3, is that with OATI, we are going to have a proven software solution in power market operations, which represents for our company a very strong competitive advantage in the wholesale energy market of Mexico, beginning its operation in January 2016.”
As the preeminent North American market solutions provider, OATI will use its well-known technical expertise to provide existing and future users of webCTRM and webMercado Eléctrico with significant advantages in this emerging market. OATI provides market solutions for all existing North American energy markets and is the market solutions leader, with more than 70 market customers across the continent.
OATI is committed to the success of the new Mexican Energy Market and will remain engaged through both phases of this project and beyond. OATI’s integrated software solutions will support the success of e3 as well as other service providers as the market, and its ensuing complexity, grow.
“OATI is eager to employ our decades of experience as this new market emerges,” said Dr. Sasan Mokhtari, President & CEO of OATI. “We are confident about, and committed to, the success of e3 and the entire market. We want to thank this leader for putting their trust in us and selecting our solution.”
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 1,800 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.