European Energy Goes Live on Previse Coral

Zug, 10. March 2021: Previse Systems announced today that the initial implementation of Previse Coral at European Energy A/S has been successfully completed. Building on the ChorusLink Common Trade Repository, European Energy benefits from Previse Coral’s unique features supporting modern renewable energy markets to manage its portfolio of Power Purchase Agreements (PPA), electricity and certificate trades. The scope of Previse Coral includes: Trade capture for PPAs, guarantees of origin (GoO) and power trades Automated market price import using a Connector App supplied by Lead Consult Market price management, including an Extrapolation App to extend market curves beyond their published validity A Price Formula Builder App to build custom price formulas for trade or market prices Position management, valuation and reporting – including calculation of mark to market (MtM), profit and loss, MtM over time etc., with reports visualization in embedded Microsoft Power BI A fully automated end-of-day process Jonas Nihøj, Director of Energy Trading & PPA at European Energy, said: “We are very impressed with the speed of implementation and the innovative solution provided. Previse Coral has automated the management of our European power portfolio, guarantees of origin sales and PPAs (Power Purchase Agreements), where in many cases there is… continue reading

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