What is the Portfolio Management System?
The PMS Portfolio Management System is an online portal developed by AEMO Australian Energy Market Operator to streamline the application processes for WDR Wholesale Demand Response and FCAS Frequency Controlled Ancillary Services. A service that balances, over short intervals (shorter than the dispatch interval), the power supplied by generating units and the power consumed by loads.. It provides a centralised, transparent, and efficient way for Market Participants to manage their service portfolios and NMI See Relevant Rules or Procedures classifications.
Through PMS, participants can:
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Submit and track WDR and FCAS applications.
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Request amendments to portfolios.
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Manage status changes to NMIs.
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View validation results and historical changes.
The advantages of using the PMS:
- It is an integrated single source of truth for WDR and FCAS contingency services.
- Provides greater visibility into the breakdown of aggregated services to AEMO and Participants.
- Reduces errors and re-work within the classification process.
- Provides AEMO with the ability to support new participant models involving aggregate services.