Contigo completes sale to renewable energy firm Good Energy

25 March 2013

Birmingham-based specialist energy software developer Contigo has completed the sale of its enTrader and enVoy solutions to UK renewable electricity supplier, Good Energy.

The South West based energy supplier was looking for a solution to manage its Energy Contract Volume Notifications (ECVN) and approached Contigo after being told about the ability of the enTrader Product Suite to handle ECVN notifications, following a recommendation from a trusted contact.

Established in 1999, Good Energy was the first UK energy supplier to offer 100 per cent renewable electricity to the nation’s households. It now supplies renewable power to over 30,000 domestic and commercial customers, with the addition of gas to a further 6,700 domestic customers.

Good Energy was so impressed with Contigo’s straight-through automated ECVN nominations and the UK gas and power trading capabilities (including contract and position management functionality and the ability to trade at a half hourly granularity) they opted to purchase both systems.

Nick Haines, Head of Trading at Good Energy, said: “By implementing Contigo’s products we will benefit from wide ranging inbuilt and user configurable workflow functionality for trade lifecycle management. This will deliver an immediate improvement to our operation and will ultimately ensure that the trading function is running as efficiently and effectively as possible, to the benefit of our customers.”

“Working with Contigo has been an almost unique software solution experience, with their can-do attitude, realistic project management, wealth of relevant industry experience and close working relationship. Their products are built from the core system up typically using straightforward inbuilt functions to meet the requirements of the users and the added customisation is something that you just don’t see in traditional off-the-shelf trading solutions.”

Contigo’s flagship enTrader product allows energy traders to manage and compare multiple positions including demand, supply and traded views of data. Trades can also be managed in a half-hourly granularity for power and daily for gas, although both can be customised to suit. The product suite also allows for position snapshots, audit trails, search and filter capabilities which are increasingly important for regulatory compliance.

David Calmonson, Sales Manager at Contigo, added: “Having been in business for over 13 years, Good Energy really is the UK’s leader in providing renewable electricity and we are obviously delighted to be working with them so closely in ensuring that the enTrader Suite meets their requirements.

“While we supply the majority of our products to traditional energy providers, the renewable sector is one that we have been keen to work alongside for some time and demonstrates the flexibility of the enTrader Suite in providing solutions for all suppliers, regardless of whether they are trading in traditional commodities such as coal and gas, or renewables.”

The team at Good Energy highlighted a number of enTrader’s built-in features as being most impressive, including the suite’s ability to be customised to connect with any existing third party software; supported Application Programme Interface, allowing the client to develop their own customisation code without needing to return to Contigo; and inclusion of custom attributes which allows users to add client-specific data to the system on a project-by-project basis.

Contigo is quickly becoming the provider of choice for many energy companies, with 17 per cent of all UK-produced energy (14,035 MW) now passing through Contigo’s flagship enTrader product suite.

Developed using Contigo’s extensive knowledge and experience within the E/CTRM industry, the enTrader suite focusses on ease of use, ease of implementation and cost effectiveness, creating an extremely attractive product that has garnered widespread interest from a broad range of energy operators.

The full suite includes enTrader, an enterprise-class energy trading, portfolio management and fuel logistics programme; enVoy, a communications and regulatory notifications platform; and energy retail supply cost modelling and analysis platform, enPrice.

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