Hitachi ABB Power Grids' flagship data solution provides detailed market data and intelligence to give you insights into how the market is operating and what this means for your assets within the market.
The scalable SaaS solution for operating in the new Irish wholesale electricity market.
nMarket is Hitachi ABB Power Grids' tried and tested wholesale electricity market participation solution, relied upon by over 40 customers worldwide to take advantage of trading opportunities while staying compliant with market rules.
Full I-SEM market participation functionality
Regardless of the size of your company, nMarket covers all your I-SEM needs including bidding and settlements for the Day-ahead and Intraday markets supporting the Euphemia order types, Balancing Market participation including submission of Physical Notifications, Capacity Market reliability options settlements, and support for settling FTRs. nMarket I-SEM also automatically downloads all market reports published by the various I-SEM market operators, which our customers use to define bidding strategies that give them a competitive advantage.
nMarket is provided as a cloud based Software-as-a-Service solution which includes: IT infrastructure, application management, backups, and disaster recovery – leaving you to focus on your day job instead of on running your IT landscape.
Always up-to-date solution
Hitachi ABB Power Grids proactively follows the market and participates in market meetings and consultations. When markets change, ABB takes care of designing, building, and deploying market updates into your solution, so that you can be confident that you are always compliant and ready to participate. Market updates are included in the annual subscription cost giving you predictable annual costs regardless of the number of market updates.
Great usability and flexibility
nMarket has a user-friendly modern web based interface. Excel like interaction means that it requires very little training to get going, and the different ways of getting data in/out (manual, file import and APIs) allow you to make full use of nMarket as a system of record for all data related to your participation in the I-SEM market.
nMarket’s configurable reporting and dashboarding module allows you to create reports using data from both the market as well as other systems. Real-time updates let you turn your data into actionable intelligence, pointing you to what you need to focus on next. As reports can be created by users in a matter of minutes you will no longer need expensive custom development to be able to see the data the way you need to.
Hitachi ABB Power Grids' I-SEM solution comes with a dynamic, configurable reporting framework that allows you to produce dashboards and reports based on market data held in nMarket and when required to combine it with data held in other systems. The solution allows users to configure their own reports using the data that matters to them and to view it all in one place, regardless of the various IT systems in which it may reside. Our I-SEM customers use this module to turn their data into actionable intelligence. User-defined reports and dashboards allow you to quickly pinpoint the most relevant information about your market participation and use this to decide what you need to focus on next.
Pre-configured non-customized standard solution with easy implementation for full market participant scope
Brings Trading & Settlement Code compliance for Bidding & Settlements, with low-cost fast on-boarding project to meet market deadlines.
Bid Manager (nMarket add-on module)
The nMarket Bid Manager module allows you to create Bid/Offers and Physical Notifications for the various energy markets in I-SEM. Through configuring Strategies and Tactics, Bid Manager enables you to have different bidding approaches based not only on fundamental data but also adders and multipliers that allow you to change the bid prices computed. Bids can be reviewed and edited before being passed to nMarket for submission.
Credit Cover (nMarket add-on module)
The nMarket Credit Cover module allows you to monitor, view and project your financial collateral responsibility across the different markets. Credit management in I-SEM involves a large number of complex calculations and data items, each depending on factors such as the market, settlement currency, jurisdiction, calendars. Using the market data and where relevant settlement calculation results already present in nMarket, as well as additional nMarket data items specifically needed for credit management, nMarket Credit Cover allows you to systematically perform both credit cover monitoring as well as carry out projections to shed light on your future credit obligations and assess your past performance.
Accelerate your success: Discover the full range of solutions to support your operations in the Irish wholesale electricity market
The Hitachi ABB Power Grids Reference Case offers a long-term outlook on electricity market prices and fundamental drivers for I-SEM as well as other European, North American and Asia-Pacific markets. The Hitachi ABB Power Grids Reference Case is developed twice per year by Hitachi ABB Power Grids' energy market advisory experts using the latest market data and PROMOD market simulation software.
PROMOD models the commercial and technical characteristics of generation plants, renewables and transmission grid, and simulates their economic operation in an electricity market. Used in both European markets and other regions of the world, the core results include forecast of the market prices, generation, and transmission flows and congestion. PROMOD can also be used for studies on renewable integration, asset evaluation, environmental regulation, demand response, energy efficiency, outage management, curtailment risk and production.
A short-term forecasting tool able to provide demand or price forecasts based on advanced neural network algorithm.
A Unit Commitment and Economic Dispatch solution for your power generation portfolio. Its output can be used to feed into a bid management tool to inform bidding into the I-SEM market.
The Hitachi ABB Power Grids' Energy Market Advisory team provides power market expertise and consulting services to market participants, banks, utilities, regulators, transmission system and market operators, consumers and consultancies.
- Market forecasts: power prices, fuels, emissions, generation, capacity, load
- Generation portfolio and renewable integration analysis
- Transmission/Interconnector studies and revenue forecasting
- Asset valuation, investment analysis, and strategy development
- Independent benchmarking and verification of a client’s results
- Assessment of regional and international energy markets for Europe, Middle East, Africa, North America, and Asia-Pacific
- Regulatory Support and Testimony
- Staff augmentation