Trellis Energy Enables NAESB 3.0 Compliance for Natural Gas Pipelines
Trellis Energy has announced that the company’s Trellis 6.0 is the first natural gas transaction management solution 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. 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.
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.
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