MVV Trading GmbH selects Brady to handle its power scheduling in the UK

London - 16 October 2013

Brady plc (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that MVV Trading GmbH has selected Brady Power Scheduling solution to manage its power scheduling activities in the UK.

MVV Trading GmbH is a subsidiary of the publicly listed MVV Energie Group (Mannheim), one of Germany’s leading energy companies, providing customers with a reliable source of electricity, district heating, gas and water, as well as offering a wide range of green electricity and biogas products. MVV Trading GmbH became the joint energy trading company of MVV Energie AG, Stadtwerke Kiel AG, Energieversorgung Offenbach AG and Stadtwerke Ingolstadt GmbH, as well as the party responsible for the combined risk management of the Group. Through the forging of partnerships and pooling competencies, the company is able to create a basis for efficient, inexpensive and sustainable energy procurement. As the central trading unit, MVV Trading handles and optimises group-wide sales procurement in line with customer and shareholder requirements.

As part of MVV Energy’s energy expansion campaign in the UK, which includes the building of a biomass power plant southeast of London, following the work that has already begun building an energy from waste plant in the southwest of England, MVV Energy will be rolling out Brady’s Power Scheduling solution to handle its scheduling requirements in the UK market.

Adolf Plentz, Head of Portfolio Management & Power Trading of MVV Trading GmbH, commented on the selection process: “Brady’s unique position in being able to handle more European markets within a single solution than any other solution on the market convinced us that this solution is perfectly attuned to our growth strategy of acting within the British market. Brady’s functionality and ease of use mean that we will be able to ensure a seamless transition for our scheduling business requirements as our business evolves in the UK as well as into other geographic regions”.

Gavin Lavelle, CEO of Brady plc, commented: “We are proud to support MVV Trading, a company that recognises a clean energy expansion plan as well as the need for traditional power supplies, with our robust and flexible solution, which is perfect for companies requiring the ability to be able to perform scheduling within and between a wide range of European markets”. Continuing he said: “This is the second German company that has selected our solution to handle its power scheduling requirements in the UK in the past couple of months and as the previous company is already actively using the solution, we are confident that MVV Energy will very quickly see the benefits of the solution”.

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