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.
Agder Energi Nett and Powel have developed new technology to meet the future DSO role. The electrification of society and an increased share of renewable energy in the power system makes it more difficult for grid companies to operate efficiently.