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Risk Associated with Older Technology

Adrian Bullock, Contigo managing director warns that many energy businesses are operating with a higher level of risk than is necessary, because important systems do not use the latest technology.

He likens the situation in some to “driving a Heavy Goods Vehicle down the motorway and only looking out at the road ahead every few hours” and has released a simple check-list to help businesses judge whether their ETRM system is based on modern technology.

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Risk Associated with Older Technology

Meeting your REMIT Obligations

Under the new REMIT regulation, which came into force on October 7th 2015, energy trading companies and large energy consumers will need to report all standard trades and orders to trade in the European wholesale power and gas markets to ACER, via a RRM (Registered Reporting Mechanism).  There are various RRMs available, such as Trayport, EFETNet and RegisTR.  “Standard” trades cover those executed on exchanges such as EEX and ICE, and the majority of trades executed electronically through brokers.

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Meeting your REMIT Obligations

Major Growth as New Clients Choose Contigo

Contigo has grown its client base significantly, since it launched enTrader® in 2009, and is also moving more clients onto its Cloud based service. Its clients are energy businesses across Europe, including; Ecotricity, NGF Nature Energy, Energy Team, Extra Energy & Centrica. In the last 12 months the company has won 12 new clients, all with major system deployments, in the UK, Switzerland, Denmark and Germany, including NGF and MET International. 

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Major Growth as New Clients Choose Contigo
   

Our Solutions

enTrader®

European Energy Trading & Risk Management Software.

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enVoy

Integrated energy nomination and scheduling platform.

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enPrice

Scalable multi-market and commodity retail pricing software.

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You are in good company.

Prior to using enTrader, we had been using spread sheets, and made the decision to move to an ETRM system to improve our energy trading. We chose enTrader because of its ease and speed of implementation, its flexibility and because it offered the best value. Read full case study >>

Mikkel Kynde
Portfolio Manager

We are delighted to be working with Contigo and utilising enTrader and enVoy to evolve our Trading processes. They offer a way for us to remain a cutting edge and flexible arm of a leading energy supplier without the problems and unnecessary complexities of some of the more cumbersome ETRM solutions. Read full case study >>

Ben Gatley
Head of Trading

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Find out more about Contigo

Markets and Sectors

Contigo provide both cloud-based and on-site energy trading solutions across generation, wholesale and retail businesses.

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About Contigo

Contigo is dedicated to working with its clients to deliver software solutions to all points in the energy value chain.

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Meet the Team

The team at Contigo have a strong background in energy utilities and trading, find out about some of them…

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