Network Manager Market Management System (MMS)

Description

MMS includes a set of advanced applications and a digital, service-oriented technology platform that supports various market-related functions performed by market/system operators, including Independent System Operators, Transmission System Operators, Market Operators, and Regional Transmission Organizations.

MMS optimizes market clearing and congestion management for nodal and zonal wholesale electricity markets – whether required for day-ahead or week-ahead, real-time, or at periods throughout the day. Hitachi Energy's market management solutions have enabled market operations for leading transmission and market operators around the globe, such as NYISO (New York), ERCOT (Texas), Eirgrid/SEMO (Ireland), TEPCO, Chuden, KEPCO (Japan), and IESO (Ontario, Canada).

The MMS solution enables market/system operators to administer their wholesale electricity markets and grids to meet their end-to-end market operations needs of efficiency, reliability, and security. With increasing democratization of energy, the MMS solution integrates and manages clean and flexible sources such as DERs, hybrid/co-located resources, renewables, and demand response to enable our customers’ goals of reaching net-zero emissions for 2030 and beyond. The MMS solution adapts to new market rules and operational needs by pioneering ground-breaking innovation, and it adopts international standards related to markets and cybersecurity set by FERC, NERC, ENTSO-E, ISO, and IEC.

Benefits

• The most advanced and comprehensive market management solution for modern electricity markets
• Comprehensive tools for optimal and reliable grid operations in competitive electricity markets
• Built on an open architecture based on industry standards, designed to support a wide range of market designs and environments
• Enables efficient market and system operations worldwide
• Advanced tools to manage reliability and flexibility, emerging technologies, price formation, T-D coordination, and new transmission lines integration
• Market information to support secure, internet-based market trading
• Market clearing in real-time and forward markets
• Market applications for scheduling optimization and network secure operations
• AI-based demand/renewable forecasting tools
• Outage scheduling for resource and network outage management
• Commercial operations such as settlements, prudential risk, accounting, and billing

Features

MMS is built on the latest technologies and open architecture, with built-in flexibility to support various market designs and environments.

It includes:
 

• Advanced applications:
  • Security-constrained unit commitment (SCUC), providing field-proven MIP and LR methodologies
  • Security-constrained economic dispatch (SCED)
  • Congestion management
  • Industry-leading R&D for AI/ML adoption into MMS
  • Integration of new ancillary services products, such as dynamic reserves and fast frequency response, into the bid-to-bill life cycle
  • Resource and full network modeling
  • Nodal, zonal and uniform price mechanisms
  • Emerging technology features like integrating DERs, hybrids/co-located, short/long-term storage, demand response, and renewables
  • HVDC modeling and islanding
• Market trading infrastructure:
  • Wholesale trading – energy, ancillary services, transmission rights, capacity
  • Participant registration
  • Market rule administration
  • Real-time publishing
  • Dispatch messaging
• Built-in cybersecurity measures adhering to the latest standards, such as IEC 62443, ISO 27001, and other recognized cybersecurity frameworks
• FERC, NERC, ENTSO-E, ISO, and IEC standards, orders, and protocols
• Service-oriented integration/system services
• AI-driven demand forecasting
• Market surveillance
• Meter data management
• Commercial reconciliation (settlements, prudential risk, accounting, billing, contract management)