EDINBURGH, 26th July 2019 – Global independent power producer InterGen, has announced the successful implementation of its new Energy Trading and Risk Management (ETRM) system, which will provide the company with enhanced trading, monitoring and reporting capabilities. After a thorough selection process throughout 2018, Contigo were chosen to deliver the system, which has been designed to optimise power trading in the UK. A joint team, including InterGen and Contigo with support throughout from Baringa Partners worked to ensure the most appropriate solution was selected to meet InterGen present and future requirements in an evolving energy market. This process included the design of a new business trading model that will allow InterGen to streamline and enhance their trading and risk management capabilities. The ETRM provides a full front to back office solution to allow the valuation and optimisation of the InterGen portfolio while providing additional controls, regulatory reporting and improved user experience. The joint team worked together over 10 months to design, develop and test the solution, which culminated in a successful go-live on Saturday 29th June 2019. The fully hosted Contigo enTrader system boasts strong real-time position management, key for InterGen in balancing the day to day positions of its… continue reading
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Source: CTRM Center