SAS, the leader in business intelligence, and RiskAdvisory, a division of SAS and leading provider of integrated risk solutions, today announced that ENMAX Energy Corporation, Alberta’s leading competitive electricity retailer, will implement software to support the utility company’s energy trading, forecasting and analytical functions at its wholesale and retail organizations.
“After extensive comparisons, ENMAX Energy chose SAS’ analytics workbench, based on the SAS Enterprise BI Server, for efficiency, speed, usability and the capacity to analyze and use the enormous amounts of data we generate daily,” said Davin Kivisto, Director of Forecasting and Portfolio Management, ENMAX Energy Corporation. “We picked their solution after a candid review with the RiskAdvisory and SAS energy specialists. We believe that SAS’ analytics and business intelligence tools will propel us to the next level.”
According to Kivisto, ENMAX conducted research on the software and found SAS to be easily audited and edited to enable transparency, convenience and usefulness across the organization’s various business units.
“The software will facilitate better margin-at-risk analysis for the entire organization because we will be able to factor the effects of planned and unplanned outages, financial transactions, fuel price fluctuations and other variables and then take strategic actions to mitigate the most unfavorable situations,” Kivisto said. “We also know that we can count on the expertise of the SAS service team to address our energy industry-specific questions. That sets them apart.”
“Utility industry companies like ENMAX Energy confront daily challenges that are unlike those of any other industry,” said Louis Caron, Energy Risk Specialist, SAS. “ENMAX Energy’s adoption of analytics provides further evidence of the sea of change brought about by deregulation, while emphasizing the importance of powerful analytical software to support the trading and risk management functions. We look forward to supporting ENMAX as it takes on the challenges of volatile energy markets and stiffer competition.”