market management system (mms) comprehensive tools for

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Market Management System (MMS) Comprehensive tools for reliable grid operations and fully competitive markets

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Page 1: Market Management System (MMS) Comprehensive tools for

Market Management System (MMS) Comprehensive tools for reliable grid operations and fully competitive markets

Page 2: Market Management System (MMS) Comprehensive tools for

2 | Market Management System (MMS)

The most advanced and comprehensive market management solution for modern electricity markets

Enable efficient market and system operations worldwideMarket and system operators worldwide are responsible for reliable grid operations and efficient administration of open and competitive wholesale electricity markets. This involves mission-critical control of the transmission network and efficient markets, in order to maximize the social welfare of the end-customer.

Market Management System (MMS) includes a set of advanced applications and a modern IT infrastructure that supports a wide range of market related functions performed by market/system operators worldwide. MMS provides market clearing and congestion management for nodal and zonal markets for forward, day-ahead, week-ahead, intraday and real-time/balancing timeframes.

Pricing and efficiency

Are you able to realize the benefits of efficient markets that

enable feasible market schedules, accurate price signals,

lower dispatch costs and zero market power? Can you

avoid transferring costs to consumers—while potentially

achieving billions in savings to maximize social welfare for

your consumers?

Renewables integration and demand response

Are you able to fully integrate renewable resources into

forward and real-time markets to respond quickly to surplus

or deficit conditions? Are you able to efficiently incorporate

demand-side participation in markets?

Market evolution

Can you support regional market integration across both

highly AC-meshed and/or HVDC connected grids to avoid

inefficiencies and added costs? Does your market maintain

adequate capacity and reserves? With growing availability of

data, does your market have improved situational awareness

across the system?

System reliability, resilience and maintenance

Can you maintain seamless and reliable market operations

that achieve near-zero interruptions and reduce lifecycle

costs?

Automate processes

Can you develop effective and repeatable processes across

market-related functions to enable operator and IT staff to

make better informed decisions?

Challenges

MMS Features:

Advanced Applications:– Day Ahead, intraday, real-time balancing and forwards for

zonal and nodal markets.– Security Constrained Unit Commitment and Economic

Dispatch field-proven methodologies– Co-optimization of energy, ancillary services, virtuals and

transmission rights– Smart Grid features such as demand response, storage

and renewables– Multi-interval optimization, fully automatic and secured

solution post-contingency corrective scheduling, phase angle regulator optimization, cross-border integration and demand forecasting

– Modeling for ramping, CCGT plants, hydro/pumped storage, jointly owned units and others

– Thousands of N-1 and N-x contingencies, special transmission protection schemes, graded switching between DC (incl. non-linear) and AC solutions for reliable market clearing

– ILFC for loop flow coordination and mitigation, OMS for generation and transmission outage management, TRACE for flow based coupling full network model with CIM/XML and MTS for market training simulation integrated with Dispatch Training Simulator (DTS)

Market trading:– Energy, ancillary services, transmission rights, capacity

and virtual– Participant registration, market rule administration, real-time

publishing, dispatch messaging– ENTSO-E Systems and protocols, enterprise integration/

system services, market surveillance, meter data acquisition, commercial reconciliation - settlements, prudential risk, accounting and billing

MMS provides the flexibility and scalability required by market/system operators around the world. The system is built on an open architecture and industry standards, and is designed to support a wide range of market designs and environments. It includes advanced modelling and MIP/LR optimization methodologies to meet stringent performance criteria demanded by the largest and most sophisticated markets globally. MMS readily adapts to ever-evolving market rules and business practices with minimal rework and near zero downtime. Innovative MMS solutions from ABB have been implemented worldwide for maximum operational flexibility and economic benefit for our customers and their stakeholders.

Page 3: Market Management System (MMS) Comprehensive tools for

Market Management System (MMS) | 3

In many cases, MMS provides IT solutions where none had previously existed. This spirit of innovation has produced a number of firsts in the industry.

This includes pioneering work by ABB, such as incorporating phase shifters within dispatch and scheduling optimization, as well as co-optimization of energy, ancillary services and financial transmission rights in bid-based market clearing. Most recently, this has included advancements in preventive optimization to yield lower scheduling and dispatch costs.

Superior track recordFor over 18 years, ABB has established itself as the leading supplier of complex, mission-critical solutions for the restructured electricity industry. Every MMS project we have taken on has been implemented on-time. Our track record, coupled with superior technology and commitment to R&D, continues to make ABB the partner of choice for market and system operators worldwide.

Accurate pricing and efficiency

– Accurate price signals for generation, load and demand response

– Improves system reliability and increases operation efficiency

– Market convergence for integration across borders and different

market timeframes

– Lower dispatch and scheduling costs

Innovative and flexible technology

– Pioneers ground breaking innovation worldwide by embodying best

available technologies

– Adopts international standards such as ENTSO-E, FERC, NERC

and IEC to provide a foundation for sustained progress

– Incorporates MIP and Hybrid solvers for accuracy and performance

– Manages renewables integration and demand response to enhance

market efficiency

Best value to meet current and future needs

– Modular/open system design

– Flexibility to adapt to new rules and operational needs

– Supports incremental growth/investment as and when necessary

– Offers lowest total cost of ownership (TCO) through scalability

and flexibility

Excellence in execution — “ABB delivers”

– Exceptional experience and on-time-delivery track record

– Selected by leading ISOs around the globe

– Maximizes knowledge transfer

Key Benefits

About ABBABB provides industry leading software and deep domain expertise to help the world’s most asset intensive industries such as energy, utilities and mining solve their biggest challenges, from plant level, to regional network scale, to global fleet-wide operations.

Our enterprise software portfolio offers an unparalleled range of solutions for asset performance management, operations and workforce management, network control and energy portfolio management to help customers reach new levels of efficiency, reliability, safety and sustainability. We are constantly researching and incorporating the latest technology innovations in areas such as mobility, analytics and cloud computing.

We provide unmatched capabilities to integrate information technologies (IT) and operational technologies (OT) to provide complete solutions to our customers’ business problems.

Third PartySystems/

Applications

SharedServices

ADAPTER ADAPTER

High Speed System Bus

ABB Network Manager SCADA/EMS

SCADASystems

EMSAdvanced

Applications

ADAPTER AD APTER AD APTER AD APTER

ADAPTER ADAPTER ADAPTER ADAPTER ADAPTER ADAPTER

NetworkApplications

IntelligentAlarms

Processing

Internet

CRM/Outage

Scheduler

Day Ahead/Real-Time/

ForwardMarkets

AncillaryServicesMarkets

MMSAdvanced

Applications

Settlements/Accounting/

MDM

MARKETS - ABB Market Management System (MMS)

Web Services / Messaging Service Bu Ws eb Services / Messaging

Enterprise DataWarehouse

MarketMonitoring

InformationSystems

OtherSystems

Third PartySystems/

Applications

SharedServices

ADAPTER ADAPTER

High Speed System Bus

ABB Network Manager SCADA/EMS

SCADASystems

EMSAdvanced

Applications

ADAPTER AD APTER AD APTER AD APTER

ADAPTER ADAPTER ADAPTER ADAPTER ADAPTER ADAPTER

NetworkApplications

IntelligentAlarms

Processing

Internet

CRM/Outage

Scheduler

Day Ahead/Real-Time/

ForwardMarkets

AncillaryServicesMarkets

MMSAdvanced

Applications

Settlements/Accounting/

MDM

MARKETS - ABB Market Management System (MMS)

Web Services / Messaging Service Bu Ws eb Services / Messaging

Enterprise DataWarehouse

MarketMonitoring

InformationSystems

OtherSystems

Third PartySystems/

Applications

SharedServices

ADAPTER ADAPTER

High Speed System Bus

ABB Network Manager SCADA/EMS

SCADASystems

EMSAdvanced

Applications

ADAPTER AD APTER AD APTER AD APTER

ADAPTER ADAPTER ADAPTER ADAPTER ADAPTER ADAPTER

NetworkApplications

IntelligentAlarms

Processing

Internet

CRM/Outage

Scheduler

Day Ahead/Real-Time/

ForwardMarkets

AncillaryServicesMarkets

MMSAdvanced

Applications

Settlements/Accounting/

MDM

MARKETS - ABB Market Management System (MMS)

Web Services / Messaging Service Bu Ws eb Services / Messaging

Enterprise DataWarehouse

MarketMonitoring

InformationSystems

OtherSystems

4 | Market Management System (MMS)

Enable efficient market and system operations worldwideFor over 18 years, ABB has established itself as the leading supplier of complex, mission-critical solutions for the restructured electricity industry. Every MMS project we have taken on has been implemented on-time. Our track record, coupled with superior technology and commitment to R&D, continues to make ABB the partner of choice for market and system operators worldwide.

About ABBABB provides industry leading software and deep domain expertise to help the world’s most asset intensive industries such as energy, utilities and mining solve their biggest challenges, from plant level, to regional network scale, to global fleet-wide operations.

Our enterprise software portfolio offers an unparalleled range of solutions for asset performance management, operations and workforce management, network control and energy portfolio management to help customers reach new levels of efficiency, reliability, safety and sustainability. We are constantly researching and incorporating the latest technology innovations in areas such as mobility, analytics and cloud computing.

We provide unmatched capabilities to integrate information technologies (IT) and operational technologies (OT) to provide complete solutions to our customers’ business problems.

Accurate pricing and efficiency– Accurate price signals for generation, load and

demand response– Improves system reliability and increases operation

efficiency– Market convergence for integration across borders and

different market timeframes– Lower dispatch and scheduling costs

Innovative and flexible technology– Pioneers ground breaking innovation worldwide by

embodying best available technologies – Adopts international standards such as ENTSO-E,

FERC, NERC and IEC to provide a foundation for sustained progress

– Incorporates MIP and Hybrid solvers for accuracy and performance

– Manages renewables integration and demand response to enhance market efficiency

Best value to meet current and future needs– Modular/open system design– Flexibility to adapt to new rules and operational needs– Supports incremental growth/investment as and when

necessary– Offers lowest total cost of ownership (TCO) through

scalability and flexibility

Excellence in execution — “ABB delivers”– Exceptional experience and on-time-delivery track

record– Selected by leading ISOs around the globe– Maximizes knowledge transfer

Key Benefits

Page 4: Market Management System (MMS) Comprehensive tools for

Contact us

ABB Inc. International:+1.678.830.1020

North America Toll Free:1.800.868.0497

Europe, Middle East, Africa, India:+44 (0) 1483 794080 www.abb.com

The information contained in this document is for general information purposes only. While ABB strives to keep the information up to date and correct, it makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the information, products, services, or related graphics contained in the document for any purpose. Any reliance placed on such information is therefore strictly at your own risk. ABB reserves the right to discontinue any product or service at any time.

© Copyright 2015 ABB. All rights reserved.