A leading provider of natural gas transaction management solutions, Trellis Energy, has recently announced that the latest version of the Trellis 6.0 platform is the first to become 100% compliant with the North American Energy Standards Board (NAESB) wholesale gas quadrant standards version 3.0.NAESB is an industry forum that develops standards to ensure a secure and accountable marketplace for wholesale and retail natural gas and electricity.While all interstate pipelines were to comply with the revised standards from 1 April, until the release of Trellis 6.0, there was no commercially available gas transaction management solution that was fully compliant with these.
Over the past year, Trellis has worked with a number of pipeline operators to develop a compliant platform. Initially implemented for a Federal Energy Regulatory Commission (FERC)-regulated pipeline in 1Q16, Trellis now offers the 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 synchronise all interstate gas pipelines. 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 of 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, FERC can assess significant fines, which can run into millions of dollars each day if an audit fails. Trellis 6.0 helps pipeline companies 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.
- 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 into the Trellis software. Transactions within the system are automatically converted into X12 EDI format for seamless workflow.
- Additional improvements across various modules, such as contracts, nominations, scheduling and allocations - The single platform command centre’s look and feel and usability are greatly improved in this latest version.
The solution has been proven at one of the largest pipelines in North America. With thousands of miles of pipelines running through North America, the smallest 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, companies didn't have to worry about any of this.
Adapted from press release by Anna Nicklin
Read the article online at: https://www.worldpipelines.com/regulations-and-standards/18082016/trellis-energy-enables-naesb-30-pipeline-compliance/