Guzman Energy Selects OATI CTRM and RTO Trading and Settlement Solutions
MINNEAPOLIS (PRWEB) July 25, 2019 -- OATI is pleased to announce wholesale power provider Guzman Energy selected OATI’s commodity trading and risk management (CTRM) and web-based regional transmission organization (RTO) trading and shadow settlement system solutions to mitigate risk and effectively manage all aspects of trading and shadow settlements. Guzman Energy also utilizes the customizable OATI energy trading risk management (ETRM) solution to improve physical power scheduling.
OATI webCTRM™ offers the energy provider the ability to evaluate company exposure, minimize errors, and estimate mark-to-market and profit and loss in real-time. The OATI webTrader™ CAISO Market Solution allows Guzman Energy to streamline operations with California Independent System Operator (CAISO), as well as calculate shadow settlements to assess market charges.
“OATI provides a suite of systems and solutions that will help Guzman Energy continue to improve the energy services we provide to communities and strengthen the company’s core business,” said Chris Miller, Guzman Energy Chief Operating Officer. “We are excited to implement OATI’s systems in our work.”
“We are honored Guzman Energy consistently chooses to be supported by our solutions,” said Dr. Sasan Mokhtari, OATI President and CEO. “OATI webCTRM™ and the OATI webTrader™ CAISO Market Solution will ensure Guzman Energy has the functionalities required to thrive in the CAISO market.”
About Guzman Energy
Guzman Energy is a regional full-service wholesale power provider focused on the bilateral markets of the Western United States. Our focus and specialty are in providing market-based solutions to address our customers’ energy challenges with an emphasis on delivering reliable, clean and affordable power. Our platform is designed to lead a transformation from the legacy energy economy to the renewable and distributed age with customized solutions based on increased economic competitiveness and sustainability for the communities we serve.
Guzman Energy serves our communities through an expanding and diverse portfolio of generation resources. We have a strong balance sheet and are backed by a group of like-minded and well aligned institutional investors with a commitment to the new energy economy.
About OATI
OATI provides innovative solutions that simplify, streamline, and empower the operational tasks required in today’s energy commerce and Smart Grid. Serving more than 2,200 customers in North America, OATI successfully deploys and hosts diverse mission-critical solutions committed to industry standards and stringent security guidelines.
OATI (http://www.oati.com) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, Distribution, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota, with offices in California, Punjab, Telangana, and Singapore. For more information, please contact [email protected].
Jerry Dempsey, OATI, https://www.oati.com/, 763-201-2000, [email protected]
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