HOUSTON, Texas, Nov. 8, 2001 — The Structure Group recently completed installation of its nMarketâ„- energy trading software product for AES NewEnergy in time for AES NewEnergy’s participation in the ERCOT electricity market.
“Structure’s nMarketâ„- ERCOT product was the best choice to integrate with our present trade capture system and has allowed us to streamline our business processes. By implementing Structure’s product, we have more time to focus on the market and serving customers,” AES NewEnergy scheduling manager Kim Johnson said.
AES NewEnergy required a short turnaround time on the installation, which Structure was able to meet.
“We were looking for a scheduling and settlement solution that would allow us to be up and running in ERCOT quickly. The Structure consultants were able to help us meet our goals by providing us with prompt service and an excellent installation of the product,” Johnson said.
Structure introduced nMarketâ„- in 2000. The product assists energy organizations with the bidding, scheduling, dispatch and settlement of energy trades and ancillary services in regional power markets. Power marketers who participate in the ERCOT, California, New England, New York, PJM and Ontario markets are currently using the product. AES NewEnergy is the 10th company to install nMarketâ„- for the ERCOT market. Approximately 85 percent of the competitive generation in Texas is either bid, scheduled or settled through nMarketâ„- ERCOT.
About AES NewEnergy
AES NewEnergy is America’s retail electricity provider, serving commercial and industrial customers in competitive markets throughout the country. The company offers businesses energy-related products and services. AES NewEnergy is a subsidiary of The AES Corporation, a global power company comprised of competitive generation, distribution and retail businesses around the world. More information on AES NewEnergy’s products and services can be found at www.newenergy.com.
About The Structure Group
The Structure Group is a provider of energy trading business solutions and consulting services to market participants in North America and Europe. For more information about The Structure Group, visit www.thestructuregroup.com.