The value of the Advanced Market Management System (AMMS) based on FERC 2222 lies in its ability to facilitate the participation of distributed energy resources (DERs) in retail and wholesale energy markets. The Federal Energy Regulatory Commission (FERC) Order 2222 mandates that regional transmission organizations (RTOs) and independent system operators (ISOs) allow aggregated DERs to participate in the retail and wholesale energy markets on a level playing field with traditional generators. This creates new opportunities for energy companies and utilities to monetize their DER assets as flexible resources and provide grid services such as frequency regulation, capacity reserves, and energy balancing. IEMS’s AMMS provides the necessary tools for energy companies and utilities to participate in these markets and optimize their flexible resources portfolios in real-time. The system’s advanced analytics, forecasting, and bidding capabilities enable users to maximize their profits while ensuring the reliability and stability of the grid. With IEMS’s AMMS, energy companies and utilities can unlock the full potential of their DER assets and play a key role in the transition towards a more decentralized and sustainable energy system.
The IEMS AMMS uses artificial intelligence (AI) and machine learning (ML) algorithms to make predictions and also includes sophisticated risk management tools, such as scenario analysis and optimization, enabling energy companies and utilities to make data-driven decisions and minimize risk exposure. In addition, the AMMS is fully customizable and scalable, allowing energy companies and utilities to adapt to changing market conditions and requirements. With its robust set of features, the AMMS helps energy companies and utilities to improve their financial performance, reduce operational risks, and increase overall market efficiency.
IEMS AMMS key features are:
- DSO, PU or LDC software agent
- VPP, DR or EVSE software agent
- Cosmos Blockchain platform
- Smart contract for DSO-VPP energy/reserve trade
- Smart contract for DSO-EVSE energy/reserve trade
- Smart contract for EVSE and EV-fleet energy trade
- Smart contracts connection to AMI, IoT or Smart Meters
- Smart contracts’ logging/reporting to all stake holders
- E-wallet updates and monthly financial settlements reports
- Incentive and penalty-based price-tariffs for EVSE or VPP
Communication Interfaces:
- DNP3
- OpenADR
- IEEE2030.5
- OCPP
- ISO 15118
Data Format Compatibility:
- Common Information Model (CIM) Import/Export
Cybersecurity Features:
- Secure web portal with multifactor authentication (MFA)
- Encryption for data at rest and transition