HOUSTON, Sept. 4, 2001 — AES NewEnergy, America’s largest energy services provider, has chosen Henwood’s RACMâ„- software application to provide sub-hourly forecasting and scheduling in the newly-opened ERCOT market.
RACM, a retail load management and forecasting system, is a major component of Henwood’s EnerPriseâ„- Software applications that accommodates large volumes of customer and meter information, and updates energy forecasts based on weather changes while giving users a scheduling system that supports the new retail electricity markets. RACM also generates sub-hourly forecasts of customer loads for position and pricing analysis, scheduling, and settlement purposes.
“As NewEnergy has already been using RACM in our Boston offices for managing retail load in over 30 utility areas throughout the United States, we were confident that it would be an excellent match for our ERCOT needs,” explained Stan Smith of AES NewEnergy. “ERCOT’s unique characteristics posed a real challenge while preparing for the market to open, but Henwood came through with flying colors, delivering the system right on time and implementing a high quality product that proactively meets our ERCOT retail load needs.”
“RACM’s emergence as ERCOT’s forecasting and scheduling software of choice exemplifies Henwood’s commitment to develop and provide the technology needed to make ERCOT’s deregulation efforts the most successful in the country,” explained Mark Henwood, President and CEO. “We are excited to partner with AES NewEnergy on these retail access initiatives and will continue to strive to be the technology company of the ERCOT market.”
AES NewEnergy will use RACM to forecast day-ahead schedules and longer-term forecasts for their retail operations in Texas.
About Henwood: Henwood offers power generators, marketers, and retailers integrated software solutions, power market advisory services, and innovative on-line data applications to meet the challenges of the restructured energy markets throughout North America, AustralAsia, and Europe.
For more information, visit www.henwoodenergy.com.
AES NewEnergy is America’s retail electricity provider, serving commercial and industrial customers in competitive markets throughout the country.
AES NewEnergy is a subsidiary of The AES Corporation, a global power company comprised of competitive generation, distribution and retail businesses around the world. Visit www.newenergy.com .