AET, a European public electric utility company, has gone live with Aligne for energy trading and risk management (ETRM). Aligne helps streamline the trade lifecycle for AET’s power business, and provides centralized risk monitoring.
AET selected Aligne because of its fully integrated front-, middle- and back-office and bi-directional interface with 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.”
Leslie Barbagallo, chief operating officer of SunGard’s energy and commodities business unit, said, “We are pleased that European electric utility companies such as AET continue to select Aligne for their ETRM needs. Our solution will help AET increase operational efficiency and improve profitability by automating the trade lifecycle and centrally managing risk.”
