Utilisoftâs solutions are the key elements required to trade UK power and integrate with the enterprise scale Energy Trading & Risk Management applications. Utilisoftâs linked modules selected are:
âº GateKeeper, providing automated connectivity to Elexon and National Grid systems, and to the business applications within Centrica Energy;
âº ENTRECA, providing reconciliation of the market and Centricaâs position; and
âº ETSETTRA, providing analysis of the settlements reports.
Approximately 50% of the participants trading UK electricity currently use Utilisoftâs combination of software modules to comply with the market rules and manage the associated data. Utilisoft integrates directly with Energy Trading & Risk Management systems, manipulating trade data received from this source to meet the rules and structures of the BETTA market. This is typical of Utilisoftâs role in the market and provides a robust mechanism for market interaction.
Constantine Vaitsas, Head of Business Solutions and Atlas Transformation Director at Centrica Energy commented on the selection of Utilisoft: âWe undertook a very thorough tendering process and received a number of high quality responses from a range of different vendors. We were particularly impressed with Utilisoftâs response and in line with our strategy of selecting âbest of breedâ partners knew they were the vendor best able to meet our requirements. In particular we were impressed with the quality of their solution, its proven track record in the marketplace and the solutionâs flexibility to grow and evolve with our business requirements. We are confident that Utilisoft will deliver their solution as promised.â
John Furness, Managing Director of Utilisoft, said: âWe are delighted to be selected by Centrica and we look forward to working with them on this major project. This is a key contract which will enhance our reputation in the UK electricity trading market and underlines the fact that we are the number one choice for any organisation that wishes to operate in this area.â