July 16, 2002 — Transaction processing services provider APX announced Monday that it has created 30 million electricity generation “certificates” since July 1 when the New England Power Pool (NEPOOL) Generation Information System (GIS) became operational.
Operated by APX, the NEPOOL Generation Information System helps to verify retail electric supplier compliance with various green power and environmental regulations in New England.
For each megawatt hour of power, the system creates a certificate, or an electronic tag, that describes characteristics, such as: when, where, and who produced the power; the type of fuel source used; and the amount and type of certain pollutant emissions released.
The Web-based system at www.nepoolgis.com records the production details of all types of electricity generation in the NEPOOL control area. It is the first system of its kind in the United States.
The new system now is used by approximately 100 generators, power traders, and retail electric suppliers in the NEPOOL control area, which encompasses Connecticut, Massachusetts, New Hampshire, Rhode Island, Vermont, and most of Maine.
Retail electric suppliers, or load-serving entities, use the information from the certificates to report compliance with requirements that, for example, encourage increased renewable energy production and limit the release of certain emissions. Requirements set by individual New England states include: minimum renewable power purchase levels for retailers; retailer disclosure of fuel source and other characteristics of the power they sell; and maximum levels of pollutant emissions.
The 30 million certificates created in the first two weeks of system operation are for power produced from January through March 2002.
Each company accesses its account statements and other information on an Internet portal, saving time in record keeping and in preparing compliance reports for the appropriate state agencies. As a result, many compliance reports can be prepared in a matter of minutes, rather than hours.
Said Gary Zielanski, APX director, Northeast market development, “The companies and organizations participating in this important program are leading the nation in reporting the details of all types of power production, both conventional and renewable.”
The Federal Energy Regulatory Commission has identified the NEPOOL Generation Information System protocols as a best practice for U.S. regional transmission organizations.
APX, which has a five-year contract with NEPOOL for the Generation Information System, has developed renewable energy credit systems that serve California, Illinois, Ohio, and Texas, giving the company unmatched expertise.
NEPOOL is a voluntary association of more than 200 participants in the New England bulk power system. NEPOOL has contracted with ISO New England Inc. to operate and administer the New England transmission system and wholesale power markets in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. More information is available at www.iso-ne.com.
About APX Inc.:
An independent transaction processing agent for wholesale electric power markets, APX processes more than 500 million megawatt hours per year for approximately 200 client companies in North America and Europe. Services include trading platforms and brokerages, scheduling, clearing, settlement, generation information, and demand response. A privately held company, APX has its main office in Santa Clara, Calif., and regional offices in: Houston, Texas; London, England; Long Beach, Calif.; Middletown, Conn.; Oslo, Norway; and Stavanger, Norway. More information is available at www.apx.com.