Further growth in the Nordics for Contigo

We are proud to announce that HOFOR, the largest utility in Denmark, has  selected  enTrader®  to manage its Nordic power  trading  activities.  HOFOR supplies services to  the  wholesale markets, including power generation, as well as deliveries to end users. With growing complexity and changing regulations within the Nordic energy market, HOFOR identified a need to replace its existing in-house trading system. The Copenhagen based utility evaluated our energy trading and risk management (ETRM) system enTrader as the solution that best met its overall requirements for managing its energy portfolio, which includes Nordic power, coal, carbon emissions and FX.

Our sophisticated software suite, enTrader is a full end-to-end ETRM solution, delivering automated trade capture, position management, risk management, credit management and  regulatory  reporting  capabilities. HOFOR will also be taking advantage of the rapid implementation and out-of-the-box functionalities, in addition to an improved governance framework for control and auditability.

The flexible API  will  provide  HOFOR  with  the  ability  to  seamlessly  integrate  between  its  trading systems and other critical business systems, reducing operational risk  and  removing  manual processes. The modern architecture of Contigo’s ETRM solution provides HOFOR with confidence that it has a flexible and scalable solution that will be able to meet all its requirements both now and in the future.

Head of Business Development Tim Rogers says, “We are delighted to be increasing market share in Scandinavia. Bringing HOFOR into our portfolio  clearly  demonstrates  our  capabilities  in  managing Nordic power. Contigo now provides a strong power and gas ETRM solution for any Nordic energy market participant and we are looking forward to growing our client base here further”.

HOFOR comments “HOFOR is very pleased with the ETRM solution that Contigo offers. The system is intuitive, flexible and offers a strong foundation for HOFOR’s efforts to continuously strengthen its risk management and end-to-end business processes. We are looking forward to working with Contigo to facilitate a rapid implementation and to put enTrader to good use as soon as possible. We are confident that Contigo’s competent team will help ensure that”