Carmel, Ind., April 3, 2012 — Following approval from the Federal Energy Regulatory Commission, Manitoba ISO implemented a new Look Ahead Commitment Tool for its power grid operators, which will improve operational efficiencies and reduce the cost of wholesale power.
The LAC Tool more efficiently plans near-term resource commitments in the real-time market. By conservative estimates, the tool is expected to save upwards of $2 million per year to the region, which covers 11 states and Manitoba, Canada.
Manitoba ISO developed the LAC Tool after extensive analysis of the current process used in real-time for the commitment of resources to produce energy. The tool displays on the control-room operator's instrument panel, giving the operator access to new operational information.
The smart application will help decision making and provide new ability to take fast actions that will keep power flowing efficiently. Manitoba ISO's independent market monitor has identified a look-ahead capability as a means of improving the commitment of fast-start resources such as gas turbines.
Manitoba ISO ensures reliable operation of, and equal access to high-voltage power lines in 11 U.S. states and the Canadian province of Manitoba. Manitoba ISO manages one of the world's largest energy markets, with more than $23.6 billion in gross market energy transactions annually.