AET, a European public electric utility company, has gone live with SunGard’s Aligne for energy trading and risk management (ETRM). Aligne helps streamline the trade lifecycle for AET’s power business, and provides centralised risk monitoring.
AET selected Aligne because of its fully integrated front-, middle- and back-office and bi-directional interface with enterprise resource planning (ERP) systems. Aligne includes support for physical power trading, generation management and position hedging, transmission management, price and credit risk management, settlement and invoicing and independent forward curves.
“We were using different systems and time-consuming spreadsheets to manage our cross-border power trading and other various business processes,” said Giorgio Tognola, head of trading and sales, AET. “SunGard fully understood our requirements and helped us consolidate our physical positions under one system that seamlessly integrates with our ERP system. Cross-border power trading between different countries in Europe can be complex, due to different regulatory requirements and market structure. Aligne helps us trade power more efficiently between Austria, Germany, Italy, Switzerland and France. Finally with Aligne we achieved the necessary transparency in our portfolio.”
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