OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate, and financial services industries, today announced that Energy Delivery Solutions (EDS) has selected its power and gas solution, as rising demand and lower prices in South-East Europe requires improved cross-border power trading and scheduling. Balkans energy ministers agreed last month to set up a regional power market in 2016, covering several countries as they seek to meet rising demand, and increase the security of supply.
Energy Delivery Solutions is a leading electricity trading company in the Republic of Macedonia, with more than a 250 MW regional portfolio, providing some of the biggest industrial producers in the region with electricity.
OpenLink will provide EDS with a fully automated front to back solution enabling contract management, transfer price modelling, automated scheduling and nomination across foreign markets, settlement data generation and scenario modelling of margins across multiple entities, enabling quicker and more accurate trading decisions.
Harry Nota, Head of Energy, EMEA, OpenLink said: “EDS will benefit from functionality tailored to the specific compliance and regulations in the local market, while leveraging an industry best practice solution gained from our experience working with our tier one European energy client base. We are delighted to be a partner for change, building out our support for firms in the region.”
LjupÄo Najdov, Scheduling and IT Manager, EDS explained: “We ran a competitive selection process of both regional and worldwide solution providers, and selected OpenLink due to a number of factors including; functional strength, speed of implementation, professional approach, regional team, stability and competitive price. During the offering, OpenLink provided a quality analysis and very strong understanding of our current and future needs, giving us a confidence that they can implement an appropriate solution.”