TEA is pleased to announce that it has received a Highly Commended, Innovation of the Year award from EnergyRisk magazine.
(HOUSTON- May 15, 2013) TEA is pleased to announce that it has received a Highly Commended, Innovation of the Year award from EnergyRisk magazine. TEA's Hydroelectric Optimizer System was selected from over 300 entries for this distinction. TEA will be recognized at the 2013 EnergyRisk Awards Gala in Houston this week and will be featured in an article in the June 2013 issue of EnergyRiskMagazine.
This is TEA's second award for its revolutionary hydroelectric management software tool that allows utilities drawing hydroelectric power form the Columbia River Federal Hydro System to maximize the value of their Slice contracts while adhering to the parameters set by the Bonneville Power Administration. Energy planners and traders can run the application under hypothetical scenarios several times each hour to determine how the system can respond to a variety of energy usage plans and adjust their resource management decisions accordingly to ensure optimized, efficient power generation. Forward traders use the software to shape water from one day to the next, effectively capturing economic value as market and river conditions change, allowing resource planners to more accurately assess the state of the hydro system and determine the amount of Slice power that should be delivered to the electric system in conjunction with non-Slice generated power for each utility.
The Optimizer's superior accuracy and functionality drastically improve reliability when guiding river operations, and giving vital support to utilities looking to provide their rate-payers with stable, reliable, renewably-sourced power-- all at the lowest cost possible.
TEA is the strategic partner of choice for public power. Through the customized application of bilateral power trading, risk management, power supply management, RTO trading, and natural gas trading services, TEA is currently collaborating with over 44 public power utilities nationwide to help them optimize the value of their generation and load portfolio in wholesale energy markets in a manner that is consistent with each utility's unique risk tolerances. Established in 1997, TEA is headquartered in Jacksonville, Florida, with offices in Seattle (Bellevue), Washington, and Portland, Oregon.
RTO Market Management
Natural Gas Management
Bilateral Energy Trading
Power Supply Management
Chief Client Officer