The Settlements module covers the settlement of the payments and charges levied by the Central Market. Calculation of imbalance settlement starts from the checking of meter readings followed by calculation of settlement payments relating to imbalances incurred where contracted output differs from actual generation. Thus, the settlement position can be actively monitored.
The following key functional areas are covered within this application:
As an enhancement to the Genstar4 Settlements module, additional functionality is provided to enable the user to investigate difference between the system calculated settlement charges and those reported on for invoicing in the Settlement reports received from the Settlement Administration Agent (SAA). This functionality is provided as a series of nested screens allowing the user to drilldown to settlement period and BM Unit level details.
The SAA Calendar and the Post Final Settlement Run Calendar can be imported into the Genstar4 database as .csv files.
For a selected settlement payment date, a comparison is made between the system calculated and SAA reported total charges, and the difference reported. This comparison is made for each settlement run and for all the days contributing to the invoice. The Invoice Charge is also reported on as the difference between the current and previous SAA run totals for reconciliation runs.
For any BSC Party, settlement day, run type and run number, the user can drill down to a summary of the underlying charge and volume data.
For each ‘Aggregate Party Day Charge’ (e.g. BM Unit Cashflow, Energy Imbalance Cashflow) the difference (% and absolute value) between the system calculated and Settlement reported values is reported on. This comparison is also provided for the ‘Account Data’ for Production and/or Consumption Accounts (configurable display) included in the Party charges.
For each settlement day selected in the Check Report Day Summary screen, a comparison is made, for each settlement period, of the system calculated and SAA reported values, plus difference, for each ‘Account Period Data’ item.
For each settlement day selected in the Check Report Day Summary screen, a comparison is made, for each settlement period, between the system calculated and SAA reported values (plus differences) for the ‘Aggregate Party Period Charges’ and ‘Account Period Data’ (Production and/or Consumption accounts). This information is displayed together with System Sell price and System Buy Price for the relevant period.
For the Settlement period and BM Unit selected in the Check Report Period BM Unit Detail screen, a tabular and graphical comparison is made of the system recorded and SAA reported BOA points. The display is user-configurable. For more information or to arrange an Genstar4 product demonstration, contact Dunstan Thomas.
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