Utilidex confirms contract with Flow Energy to provide power purchasing system.

Utilidex is pleased to announce it has extended its relationship with Flow Energy to supply its next generation power purchasing solution. Flow Energy already employs Utilidex | Energy Trading and Risk Management to trade and hedge gas, and has chosen to extend the product to include power purchasing as well. “We’re really excited by this development“ commented Aily Armour-Biggs, Director of Wholesale Trading at Utilidex , “Trading and buying energy is something our team knows a lot about, having built several trading systems before. This time round we wanted to take a very different approach and go beyond traditional deal capture and risk management and actually make the product intelligent. The kind of intelligence that is actually focussed on helping you buy energy better, not just simply capturing deals and measuring risk.” Utilidex’s Energy Trading | Power was selected over other established well known products in the market. Delivered via Microsoft’s Azure cloud, the product will go live in June 2015. “This is just the start for us” commented Richard Brys, CEO Utilidex, “We’ve got lots of exciting new product developments to come and more exciting customer projects to announce. As a leading FinTech company we’re in the new world … continue reading

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