APX, a provider of transaction processing services for the electric power industry, has announced that it has completed the development of an Internet-based generation information system (GIS) for the New England Power Pool (NEPOOL). This system will help to efficiently verify retail electric supplier compliance with various green power regulations in New England.
The system is the first of its type in the U.S. and is designed to account for the attributes of all of the electricity generation settled in a control area. The system brings the convenience of Web-based applications to reporting the amount of nonrenewable and renewable power production and the amount of certain pollutant emissions.
“NEPOOL, ISO New England Inc., and representatives of state energy and environmental regulatory agencies throughout New England together created the concept for this system,” said Dennis Duffy, chair of the NEPOOL GIS advisory committee and vice president, Energy Management, Inc. “Our goal was to devise a system that would most effectively meet the needs of our members, as well as the regulators and residents in our region.”
Operated by APX as a service, the system will begin operating in July to produce certificates reflecting the fuel source, emission, and labor characteristics of the power settled within the NEPOOL control area, an electric system encompassing most of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Approximately 300 generators, power traders, and retail electric suppliers representing 125 million megawatt hours of electricity annually are expected to use the system. Training will be conducted in May.
With the system, load-serving entities can efficiently account for and report their compliance with state environmental standards that encourage increased renewable energy production and limit the production of certain emissions. Standards set by individual New England states include: minimum renewable power purchase levels for retailers; disclosure regulations that require electric retailers to describe the fuel source and other characteristics of the power they sell; and maximum levels of pollutant emissions. Generators can account for fuel types and emissions, and transfer to retailers electronic certificates that verify fuel types, emissions, and other characteristics.
Each company can access its account statements and other information on an Internet portal, saving time in record keeping and compliance report preparation for the appropriate state agencies. As a result, many compliance reports can be prepared in a matter of minutes, rather than hours.