Innovative leader in Baltic power expands digitalisation Tallinn/Vienna/Budapest, May 14, 2019 – Eesti Energia, the largest energy producer in the Baltic countries, signed a contract with IP Systems Zrt together with VisoTech GmbH on delivery and 5-year support of a trading and optimisation solution. IP Systems and VisoTech – together with Decision Trees as subcontractor – are proud to be selected by one of the major players in the Baltic Sea region to deliver an innovative information system for electricity trading and production on the Nord Pool power exchange. Estonia’s electricity market is recognised as one of the most advanced and innovative in the European Union. Eesti Energia takes a leading role in introducing tools to improve its competitive position on the electricity market in the Baltic Sea basin. By automating a wide range of trading-related business processes, the solution will help to improve trading and production efficiency of the current 9.2 TWh (for example, Estonia’s annual consumption in 2018 was 8.7 TWh) portfolio and increase revenues. Thereby, the flexibility of conventional as well as renewable generation portfolios will be continuously optimised and automatically traded on the Nord Pool short term electricity markets. “Digitalisation is part of Eesti Energia’s business… continue reading
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Source: CTRM Center