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Metering Europe 2011
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Luxoft Market Management Systems (MMS)
A Market Management System is essential for effectively balancing the market process, while always maintaining very high standards for MMS quality. For many years, Luxoft has been developing a broad array of country-level MMS components, including day-ahead marketing, capacity auction, market clearance, and power transfer across boards. The Luxoft Energy team can complete any series of projects on time and on budget, making our company a professional, reliable, and recognized project vendor that helps customers reduce costs of developing a system and improving time-to-market launching of the final product.
Operating an energy market is the process of balancing interests and requirements of the market participants, operators, and regulations. An MMS is used by energy market Independent System Operators (ISO) and Transmission System Operators (TSO) worldwide to increase the reliability of the electric energy supply, improve operational efficiency, and ensure grid security. At the same time, MMS also helps to increase grid reliability, optimize business processes, and lower energy prices.
The main goal of a Market Management System is to produce the lowest clearing prices meeting all the physical constraints, market and regulations requirements, reliability, and security objectives.
To be efficient, an MMS must provide the following:
- Market clearing and scheduling of day-ahead, hour-ahead, and real-time markets
- Bid processing and a notification system that collects bids and validates and posts market clearing results
- LMP management for ex-ante and ex-post settlements
- A flexible rules engine to solve issues resulting from the complexity of bidding and the different requirements of market players
- A standardized data model
Luxoft’s objective is to lower the price of clearing the market and make everyday operations easier
- The MMS can manage congestion before a problem arises in real time, making market players interact in a simple and predictable way, while still taking into account all physical and security constraints. This requires a high level of integration both on participants’ sites and on the System Operator side, with the high speed of transactions and the ultimate reliability of using advanced technologies. Luxoft can become your trusted single-source technology provider.
- The MMS must provide a high-performance data management system for storing and analyzing market data, and a high level of customization is absolutely necessary. Luxoft is building analytical solutions and ETL systems to process millions of records online. We are building the data management environment on the base of market-leading technology providers and leveraging such high-end approaches as in-memory analytics and data warehousing.
- The MMS has to conform with the latest international standards and must be capable of operating in accordance with any new standard that may arise in a rapidly changing energy market.
Luxoft has extensive experience in adapting to various energy standards and protocols.- One of the important features an MMS must provide is a well-tuned, customizable, easy-to-adopt user interface for all market players. It has to be rich in features and universal to be able to run on any hardware already installed, along with standard software, without any additional administrative efforts required. Luxoft has been modernizing market-leading MMS systems for a long time, providing an innovative and flexible user-friendly, easy-to-understand graphic interface that is based on modern technologies and approaches. Deploying new interfaces developed by the Luxoft team helps customers reduce deployment times and save time on everyday operations.
A changing environment, new regulatory requirements, and new solutions deployed, often created by different vendors, require considerable effort from both MMS vendors and market participants. Many projects are currently in progress to modify existing systems, integrating deployed ones, all in the high-risk area of balancing the energy market, where there is a significant risk of error.
Luxoft has vast experience in developing Market Management Systems for independent operators.
Luxoft is the ideal technology partner for MMS Vendors
- Proven experience in software development and testing (energy market administration, day-ahead scheduling, real-time scheduling, balancing pricing)
- Extensive experience in developing energy applications
- Cutting-edge solutions adoption and deployment
- Strong partnership with key vendors, both worldwide and local
- Active participation in energy standards development
- Comprehensive end-to-end service offering, including hardware and software development
End-to-end solution delivery
- Full-cycle application development and support
- Architecture design and analysis
- Adaptors and connectors to legacy systems and metering systems development
- Reporting, analysis, and visualization tools integration
- In-depth knowledge of interoperability standards
- Full-cycle of hardware design, development, and maintenance
- Quality assurance and development processes
