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nMarket Market Communications and Settlements

Field-tested transaction management for today’s wholesale markets. The nMarket Suite offers an integrated, bid-to-bill transaction management platform for bidding, position management, scheduling, dispatch, settlement and reporting. nMarket’s front-office modules provide an attractive price-performance option for simplifying physical scheduling, bidding, ISO communications and position management. nMarket’s back-office modules offer the energy industry’s most comprehensive platform for ISO/RTO settlement data capture, shadow settlement and dispute management. With front-office to back-office integration, you get all the efficiency, accuracy and superior audit trail of straight-through processing. nMarket’s design and standard APIs make it easy to integrate with internal or third-party systems and allow customers to deploy front-office or back-office functionality when and where you need it.

nMarket Suite is a market leading solution, providing functionality for the scheduling, bidding and settlement of generation and load.

Key features include:

  • Meeting the demands of constantly changing markets
  • Integrated, extensible toolset for maximum flexibility
  • Comprehensive bid-to-bill functionality
  • Load, store and report market and internally sourced meter data, market prices, market data, market volumes and market rates.
  • Transact in the markets via asset and energy offers, bilateral scheduling and contracts, bid management, virtual bidding and schedule management.
  • Support asset dispatch coordination and monitoring and unit operational parameter management.
  • Load and shadow market settlements, perform dispute management and invoice management.
  • Manage system users, security permissions, market participation, pricing nodes, asset ownership, data security and task scheduling.
  • Ability to allocate market settlements across multiple customers and business units.

nMarket Software as a Service (SaaS) and hosted solutions

Southwest Power Pool (SPP) and Midcontinent Independent System Operator (MISO) and Ireland (I-SEM) markets are available as a SaaS offering hosted by ABB on the Microsoft Azure cloud. Users can now access nMarket from any location, anytime. You save money on IT expense, licensing and migration expenses because you always have the most current version, newest technology and latest user enhancements.

Using a SaaS solution and cloud hosting include:

  • Reduced release activities
  • Always current ISO support changes
  • Automatic solution upgrades with no additional licensing expense
  • Reduced acceptance testing and training costs
  • Improved performance and scalability
  • High availability for system and load balancing
  • Easy Microsoft® Excel® imports and access to rich reporting for real time analytics
  • Enhanced access to multiple markets in one interface

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