SAN FRANCISCO, Aug. 17, 2016 /PRNewswire/ -- Trellis Energy, the leading provider of natural gas transaction management solutions, today announced that the latest version of the platform (Trellis 6.0) is the first to become 100 percent compliant with the North American Energy Standards Board (NAESB) Wholesale Gas Quadrant Standards version 3.0.
NAESB is an industry forum that develops standards that lead to a seamless, secure and accountable marketplace for wholesale and retail natural gas and electricity. While all interstate pipelines were to comply with the revised standards beginning on April 1, 2016, until the release of Trellis 6.0, there was no commercially available gas transaction management solution fully compliant with the latest NAESB standards. Over the course of the last year, Trellis worked with a number of multinational pipeline operators to develop a compliant platform. Initially implemented for a FERC regulated pipeline in the first quarter of 2016, Trellis is now offering the industry-proven solution as part of the commercially available Trellis platform. Among other changes, updates to the NAESB standard include a requirement that natural gas pipelines add an intraday nomination cycle to help synchronize all interstate gas pipelines. This means that pipelines will now have to confirm and schedule five times a day instead of four times previously.
"This is not a trivial change, by any means," said Rakesh Agarwal, CEO and President, Trellis. "Natural gas pipelines run like a web across the entire country and are governed by complex regulations that differ between states. Adding in an additional nomination cycle has a direct impact and consequence on interconnecting pipeline processes for operators. With the successful implementation of this solution at some of the largest pipelines in the US, we are now able to offer this technology to all of our current and future customers. Trellis customers can simply deploy the latest version of our platform to immediately become compliant."
Currently, the Federal Energy Regulatory Commission (FERC) can assess significant fines, which can run into millions of dollars each day if an audit fails. Trellis 6.0 helps pipeline companies easily become compliant with the newest standards and avoid these fines by simply updating the rules governing the web-based platform. In addition to compliance with NAESB 3.0 standards, Trellis' 6.0 platform offers:
- An integrated Information Posting Website: Trellis 6.0 introduces an Informational Posting website unified within the single platform management console. All transactions flow from the platform directly to the NAESB compliant informational posting website. Companies will no longer need to build separate non-secure EBB websites, craft complex integrations, upload files or commit extra budget to ensure that the data on the required informational posting site correctly reflects the data from their internal systems; this is done automatically and seamlessly in the Trellis platform.
- A built-in Electronic Data Interchange (EDI) Platform: Integration with third-party systems and trading partners is made even easier with an EDI platform built right into the Trellis software. Transactions within the system are automatically converted into X12 EDI format for seamless workflow. Various data sets, including nominations, confirmations, notices, and capacity release fully support NAESB 3.0 compliance requirements. After deployment or update to Trellis 6.0, it is a simple configuration change for customers to add in new EDI partners.
- Additional improvements across various modules such as contracts, nominations, scheduling, and allocations. The single platform command center look and feel and usability are greatly improved in this latest version and updated events based email notifications and reporting enhancements make it much easier for internal and external users to complete their tasks efficiently.
The solution has been proven at one of the largest pipelines in North America, striving to adhere to the highest standards of safety and compliance. With thousands of miles of pipelines running through North America, the minutest changes in rules and regulations can mean millions of dollars and several months spent updating systems to become compliant. With the streamlined and cost-efficient Trellis platform, the company didn't have to worry about any of this. In just a few days the company was able to migrate to the latest version of the Trellis platform, roll over operations, become compliant with the latest standards and report that status to auditors and assessors.
Headquartered in San Francisco, Trellis Energy has already been selected by several leading energy companies including BP Pipeline, Chevron Pipeline, DTE Energy, Gaz Metro, NextEra Energy, ONE Gas, Pacific Gas & Electric and Tokyo Gas, among others.
For more information on Trellis Energy, visit http://www.trellisenergy.com
About Trellis Energy
Trellis Energy helps Gas, Oil and Electric energy companies move to the digital world by providing software and services to better manage and operate energy assets. Trellis Energy's flagship software solution integrates and optimizes enterprise-wide transactions under a single, easy-to-use business management software platform that provides the business, economic and technical benefits of a SaaS, private cloud and on-premise solution.
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SOURCE Trellis Energy