E.ON Espana selects the Allegro 8 platform for Power and Natural Gas Position Control Management
LONDON, 8th April, 2015 – Allegro Development Corporation has announced today that E.ON has chosen the Allegro 8 platform to support its retail business in Spain. E.ON España will use Allegro’s enterprise class software to manage its power and natural gas positions, the complexities of the Spanish power market, the impending regulatory changes and the volatility of the energy trading market.
E.ON España, which distributes around 6.8 TWh to more than 650,000 customers, is looking for significant improvements in their portfolio visibility, which will lead to more effective decisions regarding price, counterparty and liquidity exposure management and hedging strategies.
The Allegro implementation will be led by Indra, chosen by E.ON España for their expertise and knowledge of the Spanish power and gas markets, as well as their knowledge of Allegro.
“With increasing complexity in local power and gas markets, shifting regulations and volatile energy trading markets, we needed a strategic partnership to help us support and automate the process related to energy management,” says Javier Anzola, General Director of Liberalized Markets at E.ON España. “This is why we chose to select Allegro’s software combined with Indra’s market knowledge and implementation expertise,” he continues.
Allegro will support E.ON España with the following benefits:
- The ability to manage its power and natural gas portfolios and respective changes in demand
- A fully integrated solution with E.ON’s demand forecasting and pricing tools, enabling a real-time view of the portfolio exposure for hedging purposes and compliance
- A scalable solution that captures supply and demand forecasts, hedges and price curves and provides settlement and risk management functionality with KPI reporting tools that can be accessed remotely via a web browser
About E.ON Spain
E.ON Spain is a company owned by Macquarie European Infrastructure Fund 4 (MEIF4) and Wren House Infrastructure (WHI) since 25th March 2015. The company expects to unveil its new brand during the second quarter of this year.
With a team of 1,150 professionals, E.ON Spain operates in the regulated power distribution markets in Spain and in the liberalized power generation and power and gas supply markets.
E.ON Spain distributes electricity through a grid spanning 32,000 kilometers and sells power to over 650,000 customers. The company also has 4,000 MW of conventional and renewable generation capacity across Spain and Portugal.
Allegro develops and markets integrated commodity management software providing position visibility, risk management, comprehensive controls and regulatory compliance. Allegro customers manage commodities from production to consumption, including oil and gas production, petroleum refining, agriculture and forestry, mining, chemicals, metals, food, transportation, commercial and utility sectors. Allegro software is tailored to the specific needs of each commodity, with a comprehensive set of features and functions to support profitable decisions. Allegro is headquartered in Dallas, with offices in Calgary, Dubai, Houston, Jakarta, London, Kuala Lumpur, Singapore, Sydney and Zurich.
For more information, please visit www.allegrodev.com or contact Samantha Johnston at firstname.lastname@example.org or +188.8.131.5249.