PCI Selected by Iberdrola México to Provide End-to-End Market Participation and Trading Platform for the Mexico Wholesale Electricity Market (MEM)

NORMAN, Okla.–(BUSINESS WIRE)–Power Costs, Inc. (PCI) announced today, that Iberdrola México, the
first and the largest private energy producer in the country, has
selected PCI’s industry leading platform for market participation and
trading for all its entities in the Mexico Wholesale Electricity Market
(MEM). PCI will be implementing its integrated solution for Iberdrola
México to streamline its operation through one common trading portal.

Iberdrola México’s IT Manager, Edgar Cruz Granados, noted, “After
rigorous selection process and upon evaluating other options in the
market, we found PCI’s solution to be the most comprehensive that could
be deployed to cover our immediate and future business needs.”

With this selection, PCI further expands its leadership in the market
that now includes all types of MEM participants that cover more than 85%
of generation capacity in Mexico. PCI software solutions for MEM are
used by various types of market participants including Generation and
Trading entities as well as by Qualified Suppliers.

“Our continued successful delivery of mission critical software since
the initial stage of short-term market run by Centro Nacional de Control
de Energía (CENACE) have given us the ability to implement end-to-end
solutions for large and complex portfolios,” said Javier Martin, Vice
President at PCI. “Iberdrola México’s trust is a big milestone for us
and we look forward to the start of a long-term relationship.”

About Power Costs, Inc. (PCI)
PCI is the leading provider of
generation supply management software, superior customer support and
value-added services for energy focused companies. Founded in 1992 by
Dr. Fred Lee, PCI continues to refine and develop new software solutions
that meet the ever-evolving needs of its clients which include
investor-owned, municipal and cooperative utilities, independent power
producers as well as energy marketing and trading organizations. More
than half of all the power generated in the United States is optimized
using PCI software solutions and over 60% of the Fortune 500 Energy and
Utility firms in the U.S. are PCI clients. PCI is a privately held
company based in Norman, Oklahoma with offices in Houston, Texas,
Raleigh, North Carolina and Mexico City, Mexico. To learn more about
PCI, please visit www.powercosts.com.

About Iberdrola México
Since the late 1990s, Iberdrola
México has continuously increased its investments and activities in
Mexico, which is considered a strategic country for the company’s
internationalization. Thus far, Iberdrola México has created a capacity
of 6,000 megawatts (MW) in the country through seven combined cycle and
cogeneration power plants and 360 MW in five wind farms, whose
production can provide service to a population of 20 million Mexicans.
Mexico is a key strategic country in the internationalization of
Iberdrola. The company expects to have a capacity of close to 10,000 MW
by 2020. Iberdrola employs more than 700 people in Mexico, offering them
a broad training program that takes up 3–4% of work hours. To learn more
about Iberdrola México, please visit http://www.iberdrolamex.com/.

Contacts

Power Costs, Inc. (PCI)
Shailesh Mishra, +1-405-747-0877
[email protected]