Market Interaction

Many utility companies operate in deregulated markets, or expect deregulation in the future. MECOMS™ is already being used in various types of deregulated gas and electricity markets, by suppliers, metering companies, grid operators, etc.

MECOMS™ is flexible in that it can both handle traditional integrated utilities, and deal with any market reform and business process management.

A key aspect in a de-regulated market is the interaction between all market parties and the associated business processes.

MECOMS™ Messaging manages these aspects by providing a solid data communication framework. It enables EDI or XML exchange of customer scenarios, master data and meter reading and invoice information. Localized blueprints are available, which translate local regulation into business logic (e.g. for NL, DE, UK, BE,...).

For grid operators, MECOMS™ Messaging facilitates registers, such as access register, meter register and meter data register, to enable a "single truth" for the market.

Complex market processes are fully integrated into workflows. For example, when a new customer is registered using the move-in wizard, the appropriate switching procedure is automatically taken care of.

Each country has different rules for settling the payment of fees between market parties, and how these should be charged to the end users. A wide set of flexible business rules enable continuous compliance with evolving market regulations.

The MECOMS™ Settlement module takes care of grid fees, allocation and reconciliation processes.

Using these communication methods, MECOMS™ Portfolio Management supports following processes:

• managing risks and the order position
• making deals on future exchanges and spot markets
• and consolidating all this in the financial position.