REPORT TO COUNCIL
SUBJECT
Title
Action on Software Services Agreement with Power Market Consulting Inc. for OASISLive Subscription Used for California Independent System Operator (CAISO) Congestion Revenue Rights (CRR) Market Participation with Options to Renew for up to Five Additional Years
Report
COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure
BACKGROUND
As a participant in the CAISO CRR Market, utilizing the CAISO Open Access Same Time Information System ("OASIS"), the City of Santa Clara's Electric Utility, Silicon Valley Power (SVP), requires specialized software for:
* Developing market participating strategies using historical and forecasted market data,
* Managing large amount of market transactions data for record keeping and analytical purposes, and
* Creating file templates for uploading into the CAISO user interface as SVP participates in monthly and annual CRR markets.
Since 2009, SVP has used the OASISLive analytical and data management support system (Quantrix Modeler) provided by Power Market Consulting, Inc. (PMCI) for the City's participation in the CAISO CRR markets. The OASISLive system:
* Is tailored to meet CAISO's CRR market rules and the City's established business practices;
* Stores large amounts of public market data and proprietary information related to resource schedules, transmission contracts, and valuation analytics;
* Stores historical data over a long period of time;
* Includes capability for ad hoc CRR and energy market analysis so that users may run queries, perform various calculations using the pre-built matrices, and develop their own analytics using the available data; and
* Is available to staff and consultants from off-site locations
DISCUSSION
The OASISLive solution was originally developed to support the City's CRR market participation needs in 2009 and continues to evolve as the CAISO's CRR market rules change. There is a significant amount of City proprietary da...
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