HOUSTON, June 27, 2002 — EC Power, an electronic Transaction Service Provider (TSP) for the State of Texas, recently announced two new transaction tracking tools designed for the competitive retail energy market.
CR/ecTRACSM and FullView/ecTRACSM enable Competitive Retailers to view and monitor transactions over the Internet via EC Power’s web based tools.
Specifically, the CR/ecTRACSM service offers competitive retailers complete processing for their transactions to and from the Energy Reliability Council of Texas (ERCOT).
FullView/ecTRACSM will incorporate ERCOT’s daily updates of transactions between market transmission and distribution companies, providing competitive retailers access to EC Power’s tracking database for their transaction’s status among ERCOT market participants.
“The use of our new CR/ecTRACSM and FullView/ecTRACSM services can greatly aid a Competitive Retailer participating in the deregulated Texas market in analyzing incomplete transactions,” said Hank Rush, Chairman of EC Power. “By identifying the market participant who last handled the transactions, a competitive retailer can reduce the number of man-hours required to analyze and correct the transactions.”
Since the opening of the Texas retail power market on January 1, 2002, EC Power has processed monthly transactions for approximately 1 million Texas retail customers, or 3-4 million transactions per month. This retail customer volume represents approximately 17% of the 5.7 million retail customer’s included in the Texas electric power industry deregulation.
With these services, a Texas Retailer can “ship” all its transactions through EC Power, and track the status of its transactions by ESI ID within the ERCOT network of market participants. In this way, EC Power helps deliver electronic “packages” to their intended recipients, and provides web-based tools to track those packages during their journey. EC Power works with a new or existing Texas Retailer to obtain ERCOT certification for transaction movement. The services interface with the Retailer’s customer information system (CIS) to pick up and handle the outbound and return inbound transactions from the Texas market participant trading partners.
About EC Power
In business since 1995 and based in Houston, EC Power has a long history in the fast moving e-commerce markets, facilitating business-to-business transaction movements in a rapid and cost-effective manner. The company has significant experience in managing large-volume EDI hubs within the energy industry, and a proven track record of delivering reliable and timely electronic transaction management services to energy companies.
EC Power’s experience extends far beyond the Texas market with connections to over 50 utilities in 14 deregulated states. Our national experience in the electric, gas, and oil industries provide clients with sound, secure and cost effective solutions. For more information, visit our web site at www.ec-power.com .