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Repower Goes Live on further Milestone of Allegro Energy Trading and Risk Management solution

Major Swiss Utilities Company Extends Power Trading with Allegro 8 to Milan Subsidiary 

Allegro Development Corporation today announced that its customer, Repower, has completed another implementation milestone of the Allegro 8 platform. Supported by CGI and Allegro, Repower has successfully rolled out Allegro ETRM to its Milan trading hub.

Repower is a power utility company headquartered in Poschiavo, Switzerland, with trading offices in Poschiavo, Milan, and Prague. Repower is active in power, gas and emissions trading across large parts of Europe. The company operates along the entire power lifecycle, from trading, production, transmission and distribution to sales. With power plants in Switzerland, Italy and Germany, Repower trades electricity throughout Europe and supplies energy to thousands of customers, both directly and through electricity resellers. In 2012, Repower sold physically more than 16 terawatt hours (TWh) of electricity, whilst trading accounted for around three fifths of this, and supply and sales for two fifths.

After a successful implementation, Repower can now manage their entire Italian power trading operations in Allegro 8. Repower will continue to work with CGI and Allegro to extend the Allegro platform to their natural gas trading operations, as well as their CEE power trading operations from their trading floor in Prague.

With multiple locations and trading floors, Repower required a central repository for all trades and associated data, a single database across all activities with necessary security measures throughout giving their executives a holistic view of the entire business. Repower’s plans for growth meant that they needed a solution that would future-proof their business; the Allegro 8 platform provides the flexibility and scalability to do just that.

Leveraging Allegro, Repower gains the ability to:

  • Optimal management of physical power movements
  • Visibility into master data, including prices, contracts and counterparty details
  • Robust risk management tools and visibility into P&L
  • Ability to manage credit risk and set credit limits
  • The ability to apply effective hedging strategies

“The main differentiator for Allegro is the completeness of the solution and the efficiency it brings to our operations. The availability and accessibility of information satisfies the most demanding managers” said Riccardo Pianesi, Repower Head of Middle Office for the Milan Trading office.