UK based Contigo continues growth within the EU

20 March 2013

Contigo, an industry leading provider of energy trading, portfolio management (ETRM) and logistics software has successfully represented the UK as first time exhibitors to E-World, Europe’s largest energy and water trade show. The exhibition which was held in Essen, Germany, is part of the firm’s continued growth into the international market and could result in well over £1 million worth of new business.

The trade fair brought together over 600 exhibitors from 22 nations and attracted over 22,000 delegates from the international energy and water industry. This record number of visitors bucks the trend of slow economic growth currently observed across the EU.

Contigo exhibited alongside business partners HAKOM, an Austrian market leader in Energy Data Management (EDM) and metalogic, a German based specialist in innovative energy forecasting and prediction software. The three companies unveiled a brand new combined approach to forecasting, managing and trading energy portfolios. By utilising this complete solution a client is able to increase revenues, reduce operational risk and improve overall trading efficiency.

This software platform is a combination of mP Energy® by metalogic, enTrader by Contigo and TSM by HAKOM. mP Energy® is a leading forecast program designed to deliver quick and accurate predictions through an innovative user-friendly interface. The sophisticated engine rapidly processes large amounts of input data (such as prices, weather information, consumption etc.) through powerful calculation methods. Industry benchmarks have proven the mP Energy® forecasting solution to far exceed similar products on the market, in terms of both accuracy and speed. The demand and generation forecasts produced by mP Energy® are then loaded into enTrader to utilise the ETRM software’s comprehensive Trading and Portfolio Management capabilities.

enTrader, developed by Contigo, is then used in the comparison of this forecast to other positions currently held, such as a firm traded position. The user is then able to make improved trading decisions based on the analysis of the portfolio view and mP Energy’s® forecast. enTrader is a highly flexible solution that can be used in the creation, settlement and processing of all trades in multiple commodities and markets.

Finally, HAKOM’s TSM product provides the framework for these two systems to interact and perform as a complete solution. It delivers powerful data management, manipulation and aggregation; a vital component when storing and exchanging vast amounts of forecast and trade data.

David Calmonson, Sales Manager of Contigo commented “I have attended the show on a number of occasions as a delegate but this is the first time that we have exhibited at E-world energy & water. Throughout the three days our stand was consistently busy and we were very pleased with the levels of interest in the enTrader Product Suite and our combined solution alongside HAKOM and metalogic.”

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