Settlement

MECOMS™ Settlement offers broad functionality to execute predefined interactions with other parties in a liberalized market.

The precise implementation of these modules is highly dependent on the market regulation. MECOMS™ provides localized business blueprints which include the necessary business logic of the specific regulation.

MECOMS™ Gridfee Settlement

The Gridfee Settlement engine matches the distribution costs of the grid operator with those on the customer invoices.

MECOMS™ Allocation

The Allocation module allocates network losses to different market parties, according to specific calculation formulas.

The module can be used by market regulators who need to impose fees or suppliers who want to calculate their own fees in advance.

MECOMS™ Reconciliation

The Reconciliation module takes care of the aftermath of the allocation processes. Discrepancies between predictions and actual values need to be solved.

This reconciliation process has important ramifications, as it influences not only transactions between market parties, but also provisions on customer invoices.