Powel Settlement supports players in the power sector with the process of compiling obligations (planned values, forecasts, metered values and bilateral trade) and calculating the imbalance. Using a calculation engine, it is possible to verify that the imbalance settlement from the imbalance settlement responsible (eSett OY in the Nordic region) is correct for the balance responsible party.
“To support the settlement process, we use a structure tool that registers the validity period of all the obligations for each balance responsible party. Based on the obligations, we use a calculation engine to calculate imbalances and other values that the customers need. This provides a better overview and saves time in the event of changes to obligations,” says Birger Morland, Product Manager at Powel.
The unique thing about Powel Settlement is that it is configurable.
The Swiss utility Romande Energie optimises a complex watercourse thanks to the software company Powel. In order to extract the entire value from Powel’s solution, Romande Energie is now extending the optimisation model with additional power plants.