ATLANTA, Ga., Feb. 21, 2002 — NewEnergy Associates announced that Utility Choice Electric has selected its RetailOfficeà¢â€ž- application suite to perform forecasting, pricing analysis, supply management, and shadow settlement functions for its retail business in Texas.
This innovative product allows Utility Choice to simply “point and click” their way to more efficient management of day-to-day operations, securing their position as a low cost and reliable provider of electricity for commercial and industrial businesses.
Utility Choice will operate NewEnergy RetailOffice over the Internet via NewEnergy Associates’ ASP service, NewEnergyOffice.net. Through NewEnergyOffice.net, NewEnergy Associates provides secure application hosting and infrastructure services that complement its software and consulting business.
“We selected NewEnergy Associates as a partner because they clearly understood our business needs as an energy supplier,” stated Penny Hankins, President and CEO with Utility Choice Electric. “Our goal was to implement a system that could be up and running rapidly for our business today and grow at the same rate as our business.”
RetailOffice is the latest in solution for gas and electric providers competing for new customers (residential, small commercial and large C&I), in active, high-volume competitive markets. NewEnergy RetailOffice enables companies, both large and small, to automate and manage gas and electric load forecasting, scheduling, and shadow settlement functions securely and efficiently over the Internet. Its scalable architecture allows it to support energy companies with just a few, or as many as several million customers. In addition, functionality such as position reporting, pricing analysis, complex billing, and gross margin reporting gives companies additional tools to succeed in their particular markets.
Utility Choice Electric is a privately-owned and certified Retail Electric Provider in the state of Texas. Headquartered in Houston, Utility Choice is committed to providing their residential, commercial, and industrial customers with a reliable and competitively priced supply of electricity and related services.
New Energy Associates, LLC is a provider of decision support and operational management software and consulting services to the energy industry. Headquartered in Atlanta, Georgia, NewEnergy has specialized in the development and support of integrated, state-of-the-art business applications and consulting services for 25 years. NewEnergy currently supports over 400 software installations at more than 200 national and international electric and natural gas energy companies.