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Excelergy® MarketRunner™
Excelergy® MarketRunner™ is an interactive
platform that enables market operators to manage the competitive bidding
for real-time and day-ahead markets for commodities and ancillary
services. Excelergy MarketRunner matches bids and offers to determine
the economic equilibrium of supply and demand in these markets, and
executes each market individually (by time interval, such as hourly).
Excelergy MarketRunner system factors in generation and transmission
constraints and ensures financial guarantees prior to awarding bids/offers
in any given market.
For market operators in the energy/utility industry, Excelergy MarketRunner manages and executes physical markets for power (day-ahead and spot markets) and ancillary services (reserve and balancing markets) to facilitate competition and lower energy prices while maintaining a reliable and stable power grid. This first-of-its-kind platform manages the power bidding process among generators, distributors, importers, wholesalers and eligible customers, establishes the market-clearing price, schedules the delivery of power, and settles market operations.
Why Excelergy MarketRunner
Configured with an open, object-oriented, Web-architected, native XML technology platform, Excelergy MarketRunner is extremely flexible and can easily be configured to meet any local requirements, including local language, currencies, tariffs and market rules. This configuration is designed to scale through hardware performance and expansion rather than the much more risky and costly software build-out and redesign.
Well-defined APIs (application programming interfaces), along with effective use of open standards and W3C (World Wide Web Consortium) technologies, ensure seamless integration with legacy or other third-party applications. Unparalleled flexibility provides easy configuration and reconfiguration. This design approach dramatically speeds deployment, significantly reduces implementation costs, accelerates entry into new markets and mitigates future risk as markets and business rules continue to change and evolve.
Excelergy MarketRunner is configured using the latest XML architecture and security features, making it the industry's most comprehensive technology platform to facilitate open, competitive commodity exchanges for market participants. It offers an ideal Web portal gateway between the power exchange and market participants. This makes it simpler for users, with a single view and single sign-on. The result is optimal market transparency with clear price signals and dispatch based upon market rules and real-time auctions. |
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Return on Investment from Excelergy MarketRunner
In 2002, Excelergy MarketRunner was rapidly and successfully deployed at Rome-based Gestore del Mercato Elettrico (GME), the government-endorsed Italian power exchange operator, in less than six months. Since other implementations of this size and scope (e.g. ERCOT and PJM in the United States) can take up to three times longer - and cost three to ten times more - it is estimated that the on-time and on-budget deployment will accelerate more than 1 billion euros of cost-savings for Italian power consumers. |
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Excelergy MarketRunner Testimonial
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"Excelergy's products were chosen for four reasons. We needed a flexible, scalable engine for the millions of transactions that will be exchanged in this unique marketplace, a secure online portal for market participants to access on demand, a powerful physical scheduling system for efficient production planning, and an accurate settlement system to manage the billing among market participants."
Fabio Chiusa
Marketing Director
Elsag |
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Excelergy® MarketRunner™ Features
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| Bidding |
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Enables comprehensive management of bids submitted for energy and ancillary services |
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Provides data validation and business rule checks, such as credit limits |
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Supports two-sided (supply & demand) auctions |
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| Pricing |
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Enables zonal market pricing |
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Supports hub-specific pricing algorithm
development |
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Incorporates congestion management into the pricing algorithm |
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| Settlement |
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Enables real-time settlement and dispute management |
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Manages invoicing and payment receipts |
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| Communications |
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Allows market operator to use a single application for all transactions |
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Includes rules-based transaction routing, encryption, transformations and acknowledgements
based upon market requirements |
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Supports transaction and business level validation |
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Creates, accepts, validates and sends transactions such as offers, bids, schedules, generation dispatches, notifications and settlements between market participants and market operators |
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Supports high volume XML-based transactions |
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Ensures high availability for transaction management |
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Delivers transparent communications |
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Automates information exchange |
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Supports a wide range of data formats and protocols including XML, EDI, FTP,
HTTP(S), GISB EDM and digital certificates |
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