Skipping Stone Launches ACCESSretail
Philadelphia-based Skipping Stone Inc., an energy industry consulting firm, recently introduced ACCESSretail, a comprehensive suite of products and services designed specifically for the deregulated retail energy marketplace. Designed to assist energy retailers at every stage of development from inception through to maturity, ACCESSretail is unique in that the tools, templates, and technologies that make up the suite can be utilized individually or in a variety of combinations, depending on need.
Going Dutch: Reliant chooses Structure for trading solution
San Francisco-based Structure Consulting Group LLC, a technology and business solution provider to the energy industry, has been selected by Reliant Energy to provide an energy trading solution for the Dutch electricity market. Structure was contracted to enhance its existing Internet-ready nMarket business solution to support Reliant’s energy scheduling, dispatch and settlement processes. The agreement with Reliant signals the beginning of Structure Consulting Group’s entrance into European energy markets. Structure’s client list includes many of the independent system operators, including the California ISO, ERCOT and ISO New England, and wholesale power traders such as Coral Energy, Dynegy, Reliant, Southern Company Energy Marketing and Williams Energy Marketing and Trading and projects revenues in excess of $20 million in only its second full fiscal year.
Altra sets new online trading record
Houston-based Altra Energy Technologies Inc. set new record-breaking figures associated with Altrade, an independent online trading exchange for the energy industry. Altrade Power set an all-time monthly volume record in August of 18.9 million MWh, surpassing its previous record of 14.8 million MWh set in February. August also saw a record number of trades. The number of users on Altrade Power has increased by 25 percent since the beginning of the year, despite slower adoption rates for online trading among power traders as compared to traders of other commodities. Altra, together with its subsidiaries, operates Altrade and is a provider of electronic trading services, risk and transaction management solutions to the wholesale energy market.
Silicon’s newest energy management software version available
Alameda, Calif.-based Silicon Energy just announced the commercial availability of the latest version of its enterprise energy management software, EEM Suite version 2.0. This real-time, integrated Web-based system allows commercial customers, utilities and energy service providers to manage energy costs through enterprise-level energy cost analysis and procurement capabilities, accurate day-ahead (24-48 hour) forecasting and integrated bill management solutions.
TradeSpark group creates mega-e-marketplace
In October, eSpeed Inc. (NASDAQ: ESPD), an interactive electronic marketplace engine for business-to-business (B2B) e-commerce, signed an agreement with Coral Energy, Dominion (NYSE: D), Koch Energy Trading, Inc., TXU Energy Trading, a subsidiary of TXU (NYSE: TXU), Williams Energy Marketing and Trading Company, a subsidiary of Williams (NYSE: WMB), and Cantor Fitzgerald, to form TradeSpark LP. Dynegy Inc. (NYSE: DYN) will be a future member in the TradeSpark partnership, and will begin trading in the TradeSpark marketplace immediately. Entergy (NYSE: ETR) also plans immediate participation in the marketplace, and will become an investor in TradeSpark through Entergy-Koch LP, upon close of that venture later this year. The agreement will create electronic marketplaces for natural gas, electricity, coal, weather derivatives, nitrogen oxide and sulfur dioxide emission credits. TradeSpark is an electronic marketplace powered by the eSpeed trading system and will offer three possible points of access to one pool of liquidity-over the Internet, through eSpeed’s private network and through TradeSpark voice brokers.
AES selects new Internet platform for NY, NJ customers
Powerweb Technologies Inc. just announced an agreement with AES NewEnergy LLC, (www.newenergy.com) for the use of Powerweb’s Omni-Link, Internet Energy Platform (www.omni-link.net) for selected AES NewEnergy’s industrial and commercial retail customers in New York and New Jersey. Omni-Link, is a patented Internet navigation platform that will allow AES NewEnergy’s customers to control operation of on-site generation, monitor energy prices in “real-time”, curtail facility load, and transact energy and capacity back to the open marketplace from a single Internet gateway. With increased costs of wholesale electricity and wide fluctuations in spot market prices, the product allows AES NewEnergy’s energy trading floor to instantly interact through the Internet with their customers’ on-site generation and load management systems. Based on spot market prices, AES NewEnergy can automatically start-up customers’ distributed generation equipment and implement pre-planned demand-side management strategies. The energy that is then available can immediately be re-sold into the market at the spot market price. As a result, NewEnergy can lower the overall energy supply costs for their customers.
Conoco and HoustonStreet form joint venture
Global energy giant Conoco (NYSE:COC.A) and (NYSE:COC.B) and online energy trading vendor HoustonStreet Exchange have formed a joint venture to develop and market a Web-enabled version of Conoco’s automated mid- and back-office applications for the global energy market. Sapient (Nasdaq: SAPE), a creator of new-economy businesses, has been selected to assist in the early stages of this venture. The new, yet-to-be-named venture will develop technology based on Conoco’s Crude Oil Information Network (COIN) as well as other Conoco technologies created for refined products and the global energy market.
AMDAX.com selects USPower-Solutions for PowerUp Service
USPowerSolutions, a B2B Service Provider in e-commerce technology for the deregulated energy industry, announced that it has been selected by the leading electricity online auction AMDAX.com, to provide PowerUp over the Internet for the Southern California electric market. PowerUp automates all communication between ESPs, distribution companies, and meter service providers. It is a Web-based EDI/XML-enabled CIS portal to regulated distribution providers.
eBidenergy.com goes live with auctions, data hosting/analysis
Rochester, N. Y.-based ebidenergy.com, a facilitator of online energy procurement, data acquisition and data analysis for U.S.-based commercial and industrial businesses, just announced that its Web-based business is now operational at www.eBidenergy.com. The site integrates its automated consumption data collection and online energy auctions with analysis services, and the feature accepts commodity purchase requests for proposals to solicit real-time pricing from electric and natural gas suppliers throughout the country.
HoustonStreet Exchange goes European
Backed by a multi-million dollar investment from companies in the European energy sector, HoustonStreet Exchange announced it is has extended its Web-based, wholesale energy trading platform to Europe on Sept. 27. Electrabel, RWE and Vattenfall intend to play a leadership role in the rapidly deregulating European marketplace by helping to establish a liquid over-the-counter marketplace for trading energy commodities, and to integrate HoustonStreet into their overall e-commerce strategies. The company will roll out the platform to different European regions in stages, beginning with England and Wales, the Netherlands, Switzerland, Austria and Germany.
PECO’s UniGridEnergy puts the ‘on’ in online
Philadelphia-based UniGridEnergy, a joint venture between PECO Energy’s Exelon Capital Partners and ACE USA Power Products, has announced the development and launch of its online energy marketplace, UniGridEnergy.com. Created for commercial and industrial energy users and energy suppliers, this open, online energy marketplace will allow energy buyers and sellers to interact, executing energy transactions and have access to insurance and risk management products through the site.