BKW FMB Energy AG Goes Live On First Phase Of Allegro Energy Trading And Risk Management
Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that BKW FMB Energy AG (BKW) completed the first phase of implementation of the Allegro 8 platform to manage its emissions trading operations.
BKW is a utilities company with over one hundred years of experience in the sales and distribution of electricity serving one million people around 400 communities in Switzerland. It is one of the few major Swiss companies integrated in the European Grid and employs over 2,500 people. BKW has been continually expanding its trading operations in both the Swiss and European markets.
With the completion of the first phase of implementation and Allegro 8 in place to manage emissions, BKW continues the Allegro 8 deployment to cover natural gas, financial coal and oil, and power.
BKW required a system with flexibility to manage regulatory reporting requirements for renewable credits and emissions certificates, and to optimize trading operations for power and natural gas. Leveraging Allegro, BKW gains the ability to:
- Manage inventory through tracking emissions certificate allocations, bilateral trades, futures, and the surrender of certificates;
- Access consistent data across the enterprise for transparency into physical and financial positions for improved decision making; and
- Support company growth with a platform that can scale and adapt as business needs change.
“The main differentiator for Allegro is its flexibility and breadth of product functionality,” said Fritz Marti, BKW Head of Controlling and Back Office. “Using Allegro enables improved efficiencies around emissions management and trading operations across our business.”
Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 28 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities. Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global network of partners. www.allegrodev.com
Copyright Business Wire 2013