HOUSTON--(BUSINESS WIRE)--Genscape, the leading provider of energy market data and analytics, today announces the launch of its new ERCOT PowerBuyer service at the Gulf Coast Power Association’s Spring Conference. This innovative service provides Texas retailers and other power buyers a powerful tool to reduce their wholesale power costs and manage risk.
Genscape’s PowerBuyer customers receive daily reports which pinpoint hours in tomorrow’s ERCOT’s Real-Time market which offer a combination of cost savings and low upside risk vs the Day Ahead market. By using PowerBuyer as part of a disciplined buying strategy, customers can reduce their average power costs by up to 14.5%. “Volatility is a fact of life in the ERCOT market,” says Kyle Bessette – head of Genscape’s ERCOT analyst team. “With PowerBuyer, we enable our customers to harness the market’s volatility to reduce their costs and avoid risk.”
Genscape monitors over 50 of the largest power plants in Texas, and has been the leading provider of market intelligence to the ERCOT market since its nodal transition, supported by an experienced team of developers, analysts and meteorologists. The same rigorous analysis and modeling is behind the PowerBuyer service, which includes a market summary of drivers such as demand, wind generation, outages and congestion.
“I’ve been buying and selling power for 10 years, and this is the first time I have any real visibility into the Real Time market,” said Martin Downey, Senior VP of TriEagle Energy. “Genscape’s PowerBuyer is easy to use and consistently identifies low-risk opportunities. It is helping us to reduce our costs. – I wish I had this years ago!”
For more information on Genscape’s Power RT services, please contact info@genscape.com or (877) 251-5303.