Allegro expands ETRM functionality for global power markets

Source: Allegro Development Corp.

Allegro Development Corporation, the leading provider of energy trading and risk management (ETRM) software, announced today the release of Power 8.1, a component of the Allegro 8 platform that streamlines and optimizes power trading and operations. The expanded functionality includes European power scheduling enhancements, valuation and load shape enhancements, improvements to trading, balancing, and eTag capabilities, and further system performance improvements with grid computing.

Allegro provides power utilities, producers, marketers, schedulers, wholesale and retail energy companies a comprehensive system to manage the entire power lifecycle, from the capture of physical, financial, transmission and capacity trades, to planning, forecasting, scheduling, and tagging through the settlement and actualization processes.

“Allegro continues to innovate to meet the changing needs of the global power markets,” said Evan Cox, Allegro’s Chief Technology Officer. “The Allegro 8 platform now consists of 40 distinct components that are tightly integrated, and we’re proud to have delivered more than a dozen upgraded or new components since 2009, including Power 8.1. Our component based approach means that customers can add new components more quickly and with less disruption to their organizations. It also means that they can realize the business benefits of new capabilities sooner.”

Allegro’s Power 8.1 software offers market participants:

• Support for European power scheduling, providing native support for EIC coding, modeling Balance Groups, Control Area balancing, and the European Transmission Auction process 

• Automated pool balancing, direct and indirect bookouts, and simplified access to eTag data 

• Real-time updates to P&L, volumes, risk metrics, exposures, and other key indicators 

• Holistic view of the energy portfolio as swaps, options, and structured transactions are captured and valued 

• Ability to capture financial trades, including options, as well as physical commodity and/or load-shaped trades, transmission, and capacity 

• Automated capture of pricing data from external sources for improved decision making 

• More granular sub-hourly time periods for trading, pricing, scheduling, and settlement

Power 8.1 follows the release of Natural Gas 8.1 earlier this week also a component of the Allegro 8 platform which provides real-time position visibility and tools to manage natural gas scheduling and storage. 

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