ICF SO2 study forecast risk
ICF Consulting’s SO2 Emissions Market Outlook 2001 identified substantial upside risk for SO2 allowance prices due to coal market dynamics and probable cuts in the current emissions cap. ICF Consulting forecast these risks in its tenth annual comprehensive assessment of the near- and long-term SO2 allowance market.
Aquila launched Web-based risk manager
Aquila Inc. launched Risk180, a product providing full-service management of commodity transactions via the Web. Risk180 will be marketed to utilities, municipalities, energy aggregators and small energy marketers, as well as large industrial firms.
Trader bills with LODESTAR
AmerenEnergy, the trading subsidiary of Ameren Corp., will implement LODESTAR Corp.’s BillingExpert to manage the company’s increasingly complex electricity rate billing system for industrial and wholesale customers. BillingExpert is part of the LODESTAR Customer Choice Suite.
APX dabbles in ERCOT area
Automated Power Exchange Inc. (APX) launched the APX Qualified Scheduling Entity (QSE) Service and the APX ERCOT Market in the ERCOT’s new single control area. The APX services, with an initial total of nine power industry customers, are the only independent services of their type in the ERCOT ISO control area.
e-Acumen delivered to Pinnacle West
e-Acumen Inc. has nearly completed the first installation of AcuRisk at Pinnacle West Capital Corp., parent company of Arizona Public Service Co. A comprehensive risk management solution dedicated to energy, AcuRisk combines physical assets, financial instruments and retail operations with accurate, market-based measurement of earnings and portfolio optimization.
Financial institutions hesitant to trade energy
Banks will have to wait for the major players-energy firms-to bring the energy trading market on a par with the financial products markets, said a report from Meridien Research. A number of issues must be resolved before financial institutions move aggressively into this market including: open or low-cost distribution of raw data, development of standardized hedging products, greater credit reporting of energy-dependent firms, creation of centralized clearing and settlement systems and greater market-place competition.
Altra Power dominates Calif.
Altra Energy Technologies Inc. implemented its state-of-the-art energy transaction delivery management system for California’s largest energy player. Altra successfully installed Altra Power in one division of the California Department of Water Resources California Energy Resource Scheduling. Over 70 percent of energy companies in California use Altra’s software for scheduling.
Lagging industrial demand hurting gas use
Natural gas consumption is expected to decline 1.3 percent this year, compared to last, a government agency said, reflecting sharp reductions in industrial gas demand, particularly related to processes other than the production of electricity. The U.S. economic slowdown and the absence of any sustained and broad-based boost in fuel use from summer electricity demand have pushed up gas supplies, the U.S. Energy Information Administration said.
KWI grows client base
Alliant Energy Corp. purchased KWI’s kW3000 system for front to back office management of trading, scheduling and generation assets. Alliant Energy is the second major energy company in Wisconsin to purchase the kW3000 system for enterprise-wide risk management.
Web tools and market data for traders
Evolution Markets introduced a new Web site (www.evomarkets.com) with emissions and coal calculators and daily and historical environmental market data. The site assists companies managing emissions to determine credits they might have and how much they might be worth. For traders, analysts and risk managers, the site also offers daily market reports and includes pricing for derivative structures of some products.
AES NewEnergy faces ERCOT with Henwood
AES NewEnergy chose Henwood’s RACM software application to provide sub-hourly forecasting and scheduling in the newly opened ERCOT market. RACM, a retail load management and forecasting system, is a major component of Henwood’s EnerPrise Software applications that accommodates large volumes of customer and meter information, and updates energy forecasts based on weather changes while giving users a scheduling system that supports new retail electricity markets.