Trellis Energy has announced that the company’s Trellis 6.0 is the first natural gas transaction management solution to become 100 percent compliant with the North American Energy Standards Board (NAESB) Wholesale Gas Quadrant Standards version 3.0.
NAESB is an industry forum that develops standards that lead to a seamless, secure and accountable marketplace for wholesale and retail natural gas and electricity. While all interstate pipelines were to comply with the revised standards beginning on April 1, 2016, until the release of Trellis 6.0, there was no commercially available gas transaction management solution fully compliant with the latest NAESB standards. Among other changes, updates to the NAESB standard include a requirement that natural gas pipelines add an intraday nomination cycle to help synchronize all interstate gas pipelines. This means that pipelines will now have to confirm and schedule five times a day instead of four times previously.