Pattern Energy Selects OATI webTrader for RTO Trading and Settlements
May 18, 2020 at 16:30 PM EDT
Open Access Technology International, Inc. (OATI) announces Pattern Energy selected the OATI webTrader energy trading and shadow settlement system to increase trading and settlement operation efficiency.
MINNEAPOLIS (PRWEB) May 18, 2020
OATI is pleased to announce that Pattern Energy Group LP (Pattern Energy), a leading U.S.-based independent renewable energy company, has selected the OATI webTrader to effectively manage all aspects of trading and settlements in multiple ISOs as well as Bilateral Power Markets.
OATI webTrader™ provides Pattern Energy a comprehensive bid-to-bill Trading and Shadow Settlement Solution. OATI webTrader™ CAISO, ERCOT, and PJM Market Solutions allow Pattern Energy to streamline operations in all three energy markets. OATI market solutions are best in class front-to-back office enterprise solutions for physical and financial trading with functionality for all ISO transaction types. The system provides Pattern Energy with the functionality needed to quickly optimize and transact ISO market positions and accurately reconcile ISO settlements. An additional benefit of the webTrader™ system is the seamless integration with OATI e-Tagging and the OASIS systems. These benefits enable Pattern Energy to greatly increase its participation in the ISOs and bilateral markets while decreasing the resources and time needed to manage this business sector.
“As Pattern Energy’s needs to manage merchant assets, transmission, and scheduling increase, we are excited to have OATI as a partner to help bring our business forward in an efficient way,” said Chad Ringley, Director of Energy Management at Pattern Energy.
“We are extremely pleased to have Pattern Energy join the family of customers at OATI, and look forward to getting this into production operations soon. It’s customers like Pattern Energy who help drive the business of energy forward” says OATI President and CEO, Dr. Sasan Mokhtari, Ph.D.
OATI (http://www.oati.com) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, Distribution, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota. For more information, please contact email@example.com.
About Pattern Energy
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