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BG Group Deploys Triple Point for Power and Gas Trading and Risk Management

Triple Point Technology, the leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities, announced today that BG Energy Merchants, LLC (BGEM), a wholly owned subsidiary of BG Group plc (BG), has selected Triple Point Commodity XL™ for Power and Gas. The fully integrated solution enables BG’s North American power trading organization to manage physical and financial trading, risk and scheduling in northeast US power markets including PJM and ISO-NE.

BG Group is a global natural gas business, active on five continents in 26 countries. It is a leading player in the global energy market. “Rapid deployment and ease of integration were very important to BGEM. Triple Point’s advanced, open architecture gives us the flexibility and scalability we needed to enter the northeast power markets now, while giving us plenty of room for future growth,” said Matt Schatzman, President, BGEM.

BGEM is using Triple Point’s sophisticated risk analytics to model its gas-fired power plants on the spark spread – the net margin between the wholesale market price of power and the cost involved in generating it, including natural gas inputs. This gives BGEM executives and other decision-makers the real-time business intelligence required to optimize profitability from generation assets.

“Time to market and ease of integration were critical to BG and they asked for a very aggressive implementation time frame,” said Brad Hamlin, Triple Point’s vice president of client operations for the Americas. “The Quick Start™ program was designed specifically to get clients from contract signing to full production in a short period and we have a proven track record of getting customers up and running in less than 16 weeks, with several customers fully implemented in a 6 to 8 week period.”

Triple Point Commodity XL allows participants in global physical and derivative commodity markets to gain unprecedented control over their trading operations. It enables straight-through processing from pricing and trade execution to physical scheduling and financial settlement. The system’s risk management and modeling functions enable clients to monitor, measure and control all aspects of risk in a real-time environment, thereby maximizing returns from commodity portfolios.

Other modules selected by BGEM include Power Scheduling ‘Visual Cockpit’™ and the recently announced Commodity XL Xchange™. Xchange extends Triple Point’s real-time, straight-through processing from exchange trade execution to all Commodity XL functions, including risk management, scheduling and back office processes. After rigorous testing and verification, Commodity XL Xchange has achieved certification from both ICE and NYMEX (New York Mercantile Exchange), ensuring the seamless transmission of accurate, real-time trade information from the exchanges directly into the Commodity XL system.