Recently, Brady released a white paper outlining how their Energy Data Manager (EDM) interacts with ETRM systems and why EDM is a vital component of the modern energy ecosystem. I had the opportunity to discuss the white paper with Chris Regan, the Managing Director of Brady Technologies. Our discussion began by examining business cases, with the utility sector being the most typical. Utilities have traditionally relied on systems for managing meter data from production and customers, so EDM does not represent a new concept for them. Chris explained that there are significant differences between traditional meter data managers and modern EDMs, such as the one developed by Brady. Legacy meter data managers, often custom-built, lacked key functionalities like handling forecasts, managing multiple forecast versions, or supporting user-defined calculations. Brady’s EDM offers a more comprehensive and more holistic solution. It is agnostic to the type of time series it processes, supporting not only meter data aggregation but also price calculations, transfer pricing algorithms, and more. The ETRM serves as the primary repository for trades, providing risk calculations and back-office functions, but it doesn’t need to handle multiple time series in fine resolution, as this could affect its performance. Another advantage of… continue reading