Allegro announces enhanced functionality for natural gas trading, logistics

Source: Allegro Development Corp.

Allegro Development Corporation, the leading provider of energy trading and risk management (ETRM) software, announced today the release of Natural Gas 8.1, a component of the Allegro 8 platform that provides real-time position visibility and tools to manage natural gas scheduling and storage.

With Allegro’s comprehensive natural gas solution, traders, schedulers, and operations directors can confidently monitor natural gas positions, make more profitable business decisions, meet compliance regulations, and mitigate enterprise-wide risk.

Natural Gas 8.1 gives customers the ability to manage physical natural gas positions and movements, monitor daily imbalances, and avoid pipeline penalties and unnecessary losses. Enhanced position reporting capabilities allow users to review natural gas position quantities throughout the nomination cycle and enable schedulers to work more effectively with traders to ensure that each morning’s nominations are submitted in a timely matter.

Allegro’s natural gas functionality is fully integrated with trading, accounting, reporting, risk management, and regulatory compliance components of Allegro 8, which improves workflow efficiency and ensures that all departments across the enterprise have the most accurate, current information.

Natural Gas 8.1 provides the ability to:

• Maintain pipeline facility data including services and rates, record transportation capacity, and release transactions. 

• Customize Electronic Bulletin Board (EBB)-like views for simplified scheduling. 

• Create pipeline nominations on both pathed and non-pathed pipelines and capture scheduled quantities. 

• Record actual measured quantities and manage imbalance positions. 

• Create storage plans and manage storage transactions, incorporating Maximum Daily Quantities (MDQs) and storage ratchets or fill ratios. 

• Track Park and Loan (PAL) inventory balances and apply the associated costs during settlement. 

• Easily account for and settle pipeline contracts to ensure accurate settlement.

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