TCS partners with AEMO to transform Energy Market in Australia

26 Jul 2022 , 02:42 PM

Tata Consultancy Services (TCS) has helped Australian Energy Market Operator (AEMO), design and implement a futuristic solution that powers the Five-Minute Settlement (5MS) Program, creating a more efficient energy market in the country with better out comes for energy producers, distributors and consumers as well.

AEMO is an independent organization that manages all electricity and gas systems and markets across Australia. It is responsible for the settlement of the National Electricity Market which connects the grids of eastern and southern Australian states to create a wholesale energy market for them.

TCS has worked with AEMO to design and deliver a cloud-based platform-, leveraging DevOps, automated testing, and agile practices. The intelligent platform imparts data ingestion, calculation, and reporting capabilities. 

“The successful implementation of 5MS, WDR and customer switching has created better outcomes in the consumer market especially in Australia. The 5MS enables better price signal for investment in fast response and flexible technologies,” commented Daniel Westerman, CEO, AEMO.

At around 2:40 PM, Tata Consultancy Services was trading at Rs3,120.10 per share down by Rs47.2 or 1.49% from its previous closing of Rs3,167.30 per share on the BSE.