MINNEAPOLIS — March 17, 2010 —
OATI and a group of utilities, IPPs, merchants, transmission providers, and balancing authorities in the Western Interconnection have agreed to develop the Intra-Hour Transaction Accelerator Platform (I-TAP) concept, an electronic platform designed to partially automate the identification and scheduling of bilateral energy trades. “This is great news for anyone who is involved in energy transactions in the Western Interconnection, especially renewable energy producers” said Kristi Wallis, Columbia Grid Coordinator and Joint Initiative Co-Facilitator. “It has the added benefit of facilitating the completion of intra-hour transmission reservations, scheduling and tagging.”
OATI will provide the solution via the webExchange (U.S. Patent Pending) platform. “OATI is excited to work with a group of regional participants interested in advancing the integration of renewable resources into the power grid in a truly advanced and cooperative manner. The efforts exhibited by the Joint Initiative Team show a strong desire to creatively manage the complexities of intra-hour trading and scheduling within WECC” states OATI Vice President Jerry Dempsey.
Participation in the initial rollout of I-TAP is not limited and other parties can join in the effort by contacting OATI, Kristi Wallis (ColumbiaGrid) at 206-726-1699, or Charlie Reinhold (WestConnect) at 480-215-0299.
The anticipated timeline calls for release of the solution to the industry in late 2010.
The Joint Initiative is an effort facilitated by Columbia Grid, Northern Tier Transmission Group (NTTG) and WestConnect to develop high value market solutions through collaborative efforts.
OATI (www.oati.com) provides state-of-the-art Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, Compliance, Smart Grid, and Settlement Systems for the energy industry. OATI webTrader, webTrans, webSmartEnergy, webCompliance, and webTag product lines provide the tools for seamless participation across energy markets to generation, trading, and transmission companies. OATI serves in excess of 700 client companies in the North America energy industry.
For more information please contact sales@oati.net.