Issue
A prominent renewable energy owner and operator, the client actively trades, schedules, and settles over 7,800 MW of wind, solar, and storage assets across multiple ISO/RTO markets in North America.
The client relies on a daily trading position and P&L report generated each morning based on overnight updates from the Energy Trading and Risk Management (ETRM) system and stored in Data Bricks. Frequent processing delays often meant the report was unavailable until midday, hindering timely decision-making. The client requested a solution to ensure data availability by 7:00 AM on each trading day.
Solution
MidDel Consulting was engaged to assess, enhance, and implement improvements to the existing trading and P&L report generation process. Our consultants developed a streamlined approach incorporating the following key improvements to the Data Bricks ingestion process:
- Microsoft Data Factory Integration: Automated extraction of records from the ETRM utilizing Data Factory, enabling real-time data processing.
- Optimized Data Bricks Report Source: A separate, well-indexed daily table was created to store processed records, significantly improving retrieval performance.
- Historical Data Bricks Reporting Capability: Long-term storage of daily results, facilitating historical comparisons and trend analysis.
Result
The client realized substantial efficiency gains from the MidDel optimized process:
- 94% Reduction in Processing Time: Report generation time decreased from 110 minutes to just 7 minutes, allowing for near-instantaneous record processing.
- Early Report Availability: Reports are consistently ready by 6:30 AM exceeding the client expectation of having the report ready by 7:00 AM.
- Timely Decision-Making: Traders gained access to crucial position reports well before the start of the trading day.
- Historical Comparisons: For the first time, the client could compare position changes over different time frames, enhancing strategic decision-making.
Key Takeaways
- A report that arrives at midday is a report traders cannot use. Re-engineering the Data Bricks pipeline with Data Factory ingestion and an indexed daily table cut processing time 94% - from 110 minutes to 7 - and delivered the position and P&L report by 6:30 AM, ahead of the 7:00 AM need.
- Optimize the pipeline, not the report. Indexing the data source and isolating a dedicated daily table is what makes a time-critical trading report dependable before market open - a transferable fix for any desk waiting on overnight data.
Ready to do the same?
If your morning trading report shows up after the decisions are already made, MidDel re-engineers the pipeline to beat the open. Let's talk.
