Kelag Group, one of the leading energy service providers in Austria, has selected SunGard’s Aligne to manage its power and gas trading, physical operations and risk management in the Austrian, German and South Eastern European markets. The solution will help Kelag implement streamlined operations for greater control and efficiency of their extensive generation, retail and trading group portfolios.
SunGard was selected because of its deep understanding of the physical markets and its portfolio management capabilities for a vertically integrated business such as Kelag. SunGard also impressed Kelag with its ability to translate their expertise into elegant solutions for trading, portfolio and risk management organizations through the Aligne platform.
Aligne is a multi-commodity solution suite, which integrates trading, risk management, scheduling and operations, regulatory compliance, settlement, accounting, and management information on to a single platform.
Kelag will use Aligne to gain a real-time view of its physical positions in each market and to undertake portfolio management across its generation, retail and trading groups. Aligne will also provide management reporting, market risk and credit risk management and advanced reporting and analytics. In addition, the solution will facilitate the physical scheduling of gas and power positions in each market, helping Kelag to better manage risk and overcome the challenges of operating in a global environment.