Issue
The client owns one of the largest portfolios of renewable energy assets across North America.
An aging, bespoke ETRM for the client's REC and carbon trading business had to be replaced:
- The client selected Hitachi's emerging TRMTracker for trading, confirmations, operations, inventory modeling, and settlement.
- Complex REC delivery behavior, RPS qualifications, and PPAs had to be modeled correctly.
- The client needed experts to deliver a system producing a trustworthy REC position.
Solution
MidDel implemented TRMTracker to model the client's REC inventory and positions:
- Ran requirements workshops and verified operational and modeling capability with the vendor.
- Migrated legacy transactions and modeled REC-qualified assets and RPS qualification sets into a projected inventory.
- Captured complex PPAs - operational impacts, settlement behavior, ownership transfers, and revenue allocation - in the deal models.
Result
The client operated its large renewable portfolio on TRMTracker and produced, for the first time, a centralized daily position report spanning certified, issued, and projected REC inventory against all market obligations, with settlement data flowing to the ERP.
Key Takeaways
- Renewable portfolios need a single projected REC inventory, not a pile of spreadsheets. Modeling REC-qualified assets, RPS qualification sets, and forward inventory in TRMTracker gave the client one certified, issued, and projected position for the first time.
- PPA complexity is where REC systems are won or lost. Capturing operational impacts, settlement behavior, ownership transfers, and revenue allocation in the deal models is what makes position and settlement data trustworthy - transferable to any large REC owner replacing a bespoke system.
- An emerging vendor system succeeds on partnership and domain depth. Modeling complex PPAs, RPS qualification sets, and settlement-to-ERP flows - and working closely with the vendor to establish best practices - is what makes a maturing REC platform production-ready. Transferable to anyone implementing early-stage commodity software.
Ready to do the same?
Managing REC inventory and PPAs across a large renewable portfolio? MidDel models them into one system that produces a position you can trust. Let's talk.
