This section describes new features and functionality included in this release of Oracle Utilities Market Settlements Management, including:

This section describes the new and enhanced aggregation features in this release, including:

The configurable aggregation engine of Oracle Utilities Market Settlements Management Cloud Service allows you to aggregate complex data sets such as meter data by market participants. An example of aggregated meter data is the total consumption by a supplier for an initial settlement period. You configure the engine with a user-friendly interface, which removes the need for programming or creating SQL queries. Aggregation are performed based on the when, what, where, and how defined by the engine. This decreases your project implementation costs and timelines.

To enable this feature, refer to the Dynamic Aggregation section in the Oracle Utilities Market Settlements Management Administrative User Guide for more information.

This section describes the new and enhanced forecast features in this release, including:

Oracle Utilities Market Settlements Management Cloud Service provides you with load modeling algorithms to create usage forecasts and backcasts. Forecasting is a technique that uses historical data and weather predictions as inputs to make informed estimates about future usage. Forecasting is utilized for preliminary settlement when actual usage data is not available. Backcasting is a similar process but instead of predicting future usage backcasting is used to create or update “forecast” using actual weather data (or other variables). For example, backcasting can be used to recreate yesterday’s estimates using today’s actual temperature data. Backcasting is often used when actual meter reads are not yet available for initial settlement processes.

The load models include the proxy day and load profiles described below:

To enable this feature, refer to the Defining Settlement Options section in the Oracle Utilities Market Settlements Management Administrative User Guide for more information.

This section describes the new and enhanced dynamic aggregation features in this release, including:

The Settlement unit of Oracle Utilities Market Settlements Management Cloud Service allows you to define the "lowest common denominator" set of aggregation dimensions for your settlements processes. A common dimension is the Rate and Profile Class, which acts as a proxy for customer types and usage patterns. The Settlement unit dimensions change depending on the business entity and their function in the market.

Settlement units define factor values, like loss and usage, based on a combination of dimensions. For example, an aggregation measuring component that aggregates data based on a specific dimension combinations could apply a “loss” factor value from the associated settlement unit as part of initial settlement. These values can change for different settlement processes (for example, day ahead vs. initial vs final).

To enable this feature, refer to the Settlement Units section in the Oracle Utilities Market Settlements Management Administrative User Guide for more information.

This section describes the new and enhanced dynamic aggregation features in this release, including:

In the Oracle Utilities Market Settlements Management user interface, you can use a large library of standardized rules to summarize and transform usage for settlement calculations without the need for programming,

The following rules are the most important:

To enable this feature, refer to the Settlement Calculations section in the Oracle Utilities Market Settlements Management Administrative User Guide for more information.

This section describes the new and enhanced dynamic aggregation features in this release, including:

The Process Flow portal provides step-by-step guides to execute and view settlement business processes. As settlement process steps differ across markets and market participants, the portal enables you to customize portal flow steps for your implementation so that the user is presented with the right actions or information they need to review at every step. This provides a user interface with step-by-step dialogs to ensure completion of the processes.

To enable this feature, refer to the Process Flows section in the Oracle Utilities Market Settlements Management Administrative User Guide for more information.

This section describes the new and enhanced estimation features in this release, including:

You can check the health of the system or monitor the state of the environment through accessing the different dimensions of meter data, such as the count of Initial Measurement Data records by:

You can collect a set of data points over time to track the health of environment regularly and take appropriate actions. The tool also enables you to export data or results in Microsoft Excel or in printed formatted.

To enable this feature, refer to the Configuring the Meter Health Check Dashboard section of the Oracle Utilities Market Settlements Management Administrative User Guide for more information.

You can identify and remove unnecessary Initial Measurement Data (IMDs) in "non-final" status with a self-service tool that enables you to filter IMDs by date range, business object, business object status, and device configuration. This allows you to perform quick data cleanup and reduces manual record deletion.

No steps are required to enable this feature.