EnDimensions Presents Forum on Digital Transformation for Utility Group Andesco in Colombia

EnDimensions was pleased to sponsor a forum at Andesco in Cartagena, Colombia where Dr. Jeff Chapman, EnDimensions president and CEO, presented the audience the latest in the topic of digital transformation in the energy domain.

Colombia was among the very first deregulated energy markets to be launched in 1996, and EnDimensions has partnered with the Colombian energy market operator XM to provide our EnSuite© financial Settlements solution to ready them for upcoming transitions in their market structure. We are always happy to share our knowledge, build connections and provide support in the countries where we operate, and conferences such as Andesco are welcome opportunities to interact and build relationships with stakeholders in the market.

EnDimensions Proudly Sponsors APEx 2016, International Gathering of Energy Market Operators

Medellin, Colombia, October 12, 2016

EnDimensions participated as an active sponsor of the annual convention of the Association of Power Exchanges (APEx), an international organization of energy market operators from around the world. Hosted by the Colombian market operator XM Compañía de Expertos en Mercados S.A. E.S.P, the 2016 APEx Conference held in Medellin, Colombia provided an opportunity for senior representatives from power markets around the world to share experiences, discuss common issues and compare notes.

PJM CEO Andy Ott’s keynote address introduced a number of issues including integration of distributed and renewable energy resources and the impact of distribution-level microgrids that became common threads of discussion among many presenters and attendees. These issues create challenges as ISOs and RTOs look to develop new market mechanisms to reduce carbon dioxide, foster reliability and encourage investment while managing an exponential increase in market complexity and data volume. More products, more market participants and tight real-time market intervals are inexorably increasing the amount of data that must be processed to keep the market running. These factors have the potential to create a perfect storm that stresses operational and back office systems to their limits.

Markets outside of Europe and North America are confronted with many of the same issues, as a number of existing and prospective energy markets see double-digit near-term growth in energy demand. Expanding economies and growing per-capita power utilization fuel the need and determination to innovate in response to the local and global demands of the 21st century. Many common themes apply but each market is also unique in some aspects.

Ivanova Ancheta, Director of Guatemala’s National Commission of Energy, spoke of the long, successful effort to meld six Central American power systems together to forge an international energy market. Sixteen years after signing a regional treaty framework, the Regional Energy Market began full operations in 2013. Cecilia Maya, CFO of Colombia’s XM, provided an overview of XM’s progress in managing credit risk to avoid cascading financial failures during El Nino events, when sustained drought reduces hydroelectric output and can cause elevated power prices over long periods of time. During such events, the failure of one organization to pay its obligations can cause cascading failure as unpaid creditors also founder, resulting in a widespread crisis. The Colombian market has built-in mechanisms to limit the financial risk of each participant and a funding mechanism to mitigate the impact of high energy prices.

Both internationally and in the U.S., ISOs and RTOs are looking ahead to create vibrant markets that encourage investment in environmentally friendly technologies, enhance reliability and reduce emissions by leveraging distributed generation, demand response and microgrids. In so doing they look to also provide cost reduction and long term value to consumers. As part of that effort, ISOs and RTOs must evaluate whether their existing software and hardware infrastructure will be able to support growing and changing markets over the next five to ten years. EnDimensions LLC is working hand-in-hand with market operators to support this transition. With innovative products geared specifically for market operators, EnDimensions provides the next generation of large scale back-office management systems for post-processing, settlements, billing, reporting and analytics to reduce costs and keep our power markets humming for years to come.

For further information, please refer to http://www.endimensions.com.

650-286-4239

info@endimensions.com

EnDimensions SELECTED BY COLOMBIAN MARKET OPERATOR XM TO PROVIDE SETTLEMENTS, BILLING & INVOICING

Press

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San Mateo, CA, October 14, 2016

EnDimensions is supplying EnSuite® Financials, Settlements, Billing and Invoicing  Modules to Colombia’s national energy market operator.XM Compañía de Expertos en Mercados S.A. E.S.P as part of XM’s long-term plan to update and expand their market operations infrastructure to respond to the rapid pace of change and growth in Colombia’s  markets. EnDimensions will partner with multinational energy giant Siemens AG to provide a tightly integrated package with Siemens’ Spectrum Power Energy Market Management (EMM) Platform. The EMM system will provide a web interface for market participants to register assets and long term contracts with the Colombian energy market, while the EnSuite solution will perform all settlements, billing, invoicing, reporting, financial analytics and risk monitoring functions.

XM, Compañía de Expertos en Mercados S.A. E.S.P. operates the National Interconnected System (SIN), the Colombian Wholesale Energy Market (MEM) as well as short-term International Electricity Transactions with Ecuador (TIE). XM also provides grid operation and reliability services. No newcomer to deregulation, Colombia has an active and growing energy market that transacted over 66,549 GWh of energy in the year 2015, with a net effective installed generation capacity of 16,420 MW, according to XM’s 2015 annual report. Slightly more than 60% of Colombia’s energy is supplied by large hydroelectric resources, augmented by approximately 30% production from fossil fuels.

Dr. Cecilia Maya Ochoa, CFO and Market Operations Director at XM, said “After a thorough analysis of the different options the market offers for an EMMS, we found in the solution provided by the consortium Siemens – EnDimensions a robust and flexible system as is required today for an efficient and reliable management of power markets. We are positive that with the support of this solution we will be able to face the challenges ahead for market operation.”

EnDimensions CEO Dr. Jeff Chapman said “We are very pleased as a group to have shown excellent results through XM’s very rigorous vetting process, and we expect that XM and the Colombian energy market will be exemplars of robust infrastructure and sound market design to other markets across South America and the world,”

For further information about the EnSuite® family of products, please refer to http://www.endimensions.com.

650-286-4239

info@endimensions.com