7297 Technical Specifications rev 4-6-20
RFP # 7297 1
RFP # 7297
Scope of Work & Technical Specification for
Energy News, Credit Analytics
and Market Price Data
1. Introduction
This specification describes the requirements for utility quality energy news and market price
data to be purchased by The City of Denton for Denton Municipal Electric, (DME). The new
service(s) shall be used in the existing DME Administration Building located at 1659 Spencer
Road, Denton, Texas 76205.
2. Scope
DME is seeking proposals from qualified firms to provide comprehensive news and energy
industry insight, pricing information, and market data aggregation and integration services,
including market commentary, on North American energy markets, along with analytics and
credit risk management tools for the wholesale power market space. The respondent(s)
submission shall accurately describe their understanding of the objectives and scope of one or all of
the requested product(s) and service(s). The respondents shall clearly specify which service or
services they are bidding on and provide an outline of how the bidder will meet the requirements
of the scope of work/service(s) requested. The respondent(s) will not be penalize or awarded
higher, if the response is for one service or a combination of services, including all services. It is
anticipated that the scope of service(s) will include, at a minimum, the following:
a) Total Cost of any and all Subscription Service respondent intends to bid on (itemized with
grouping discount separately).
i. Daily electric fixed price and heat rate forward curves (for 120 months) with monthly
granularity for all ERCOT hubs and Zones by the following Time Of Use blocks:
i. On Peak (5x16)
ii. Weekend Peak & Holidays (2x16)
iii. Off Peak Nights (7x8)
ii. Daily natural gas forward curves (for 120 months) for locations in Texas and
Oklahoma with monthly, natural gas seasonal and electricity seasonal blocks,
calendar and quarterly granularity, with basis differential to NYMEX Henry Hub
futures as well as fixed prices
RFP # 7297 2
iii. Daily assessments of electricity at-the-money straddle implied volatility curves by
Put and Call at all ERCOT hubs, including On Peak call, put and straddle options, and
volatility Smile for ERCOT North Hub or Zone for volatility time period extending 120
months forward
iv. Daily natural gas implied volatility curves for NYMEX Henry Hub and locations in
Texas and Oklahoma for 120 months, with Henry Hub contracts marked with a
volatility smile and straddle option assessments.
v. Energy Market News including
i. Fundamental and analytical data showing what moves North American and
Texas energy markets
ii. Daily market commentary and generation unit outages
iii. Spot and forward market commentaries
iv. Transmission developments that impact power flows
v. Supply and demand dynamics
vi. Spark spreads
vi. Credit Risk Management tools, including
i. Tools to detect short-, medium- and long-term credit deterioration for rated
and unrated energy and utility companies, including municipal utilities.
ii. Portfolio management tools to analyze portfolio credit risk exposure levels
iii. Financial data covering capital structure, credit ratings, ownership and
business relationships of companies in the natural gas and electric power
industry
b) Delivery Options
i. Electronic data feed, email or through 3rd party provider
ii. Excel Add-In Tool