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The Company
Established in 1999, Good Energy was the first UK energy supplier to offer 100 per cent renewable electricity to the nation’s households. It supplies renewable power to over 30,000 domestic and commercial customers, with the addition of gas to a further 6,700 domestic customers.
The Challenge
Good Energy was looking for a solution to manage its Energy Contract Volume Notifications (ECVN).
The Solution
Good Energy was so impressed with Contigo’s straight-through automated ECVN nominations and the UK gas and power trading capabilities they opted to purchase both; enTrader, our energy trading and risk portfolio management software; and enVoy, a communications and regulatory notifications platform.
The Implementation
enTrader allows energy traders to manage and compare multiple positions including demand, supply and traded views of data. Trades can also be managed in a half-hourly granularity for power and daily for gas, although both can be customised to suit. The product suite also allows for position snapshots, audit trails, search and filter capabilities which are increasingly important for regulatory compliance.
The Results
The team at Good Energy highlighted a number of enTrader’s built-in features as being most impressive, including the suite’s ability to be customised to connect with any existing third party software; supported Application Programme Interface, allowing the client to develop their own customisation code without needing to return to Energy One; and inclusion of custom attributes which allows users to add client-specific data to the system on a project-by-project basis.
By implementing [Energy One’s] products, we benefit from wide ranging inbuilt and user configurable workflow functionality for trade lifecycle management. This delivers an immediate improvement to our operation and will ultimately ensure that the trading function is running as efficiently and effectively as possible, to the benefit of our customers. Working with [Energy One] has been an almost unique software solution experience, with their can-do attitude, realistic project management, wealth of relevant industry experience and close working relationship. Their products are built from the core system up typically using straightforward inbuilt functions to meet the requirements of the users and the added customisation is something that you just don’t see in traditional off-the-shelf trading solutions.”
Nick Haines, Head of Trading at Good Energy
Explore our Solutions
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enTrader®
enTrader® is an award-winning ETRM solution designed for UK and European energy market participants.
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enVoy
enVoy is an accredited ECVN, EDT and EDL communication tool for the UK power market.
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