OpenLink Chosen by Romande Energie for Energy Trading and Risk Management
OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate and financial services industries, announced today that Romande Energie has chosen its energy trading risk management, optimization, and regulatory reporting solution.
Romande Energie, a Switzerland-based energy provider, was seeking to replace its existing portfolio management and trading system, which had been in place for more than six years. OpenLink was chosen for its flexibility, market know-how, ability to cover all business requirements, and proven track record in delivering successful solutions to the mid-tier energy sector. The decision was made following a thorough review of alternative systems.
The solution will enable Romande Energie to keep on top of market changes and of increasingly stringent regulatory demands for transparent reporting. The selection also includes potential future enhancements such as the optimization module for future physical asset portfolio optimization, producing highly more efficient scheduling based on the inter-dependencies of each asset.
Christian Frère, Director of the Energy Business Unit at Romande Energie said: “A big factor in the selection was the ease in which the solution can fit into our existing infrastructure, as was meeting future regulatory reporting requirements. On top of this, we needed a partner that truly understood our business. With a dedication to the energy trading space spanning many years – OpenLink was the clear stand out vendor of choice.”
Roland Jones, Managing Director of the IRM Division at OpenLink said: “Mid-tier energy providers find themselves in a fascinating period as Europe progresses towards a single energy market. Companies like Romande Energie have quickly understood the importance of having a system that takes care of energy trading, risk management and reporting in an integrated way as the Swiss renewable energy market continues to grow.”
Romande Energie is the latest in a long line of recent energy wins for OpenLink across Europe, including Lampiris in Belgium, EDS in the Republic of Macedonia, and EP Trading based in Prague.