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PCI Selected by Iberdrola México to Provide End-to-End Market Participation and Trading Platform for the Mexico Wholesale Electricity Market (MEM)Power Costs, Inc. (PCI (News - Alert)) 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 (News - Alert), Vice President at PCI. "Iberdrola México's trust is big milesone for us, we look forward to start of a long-term relationship."
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