“Allegro’s implementation approach was very sound and communication with Allegro was a key to our success. Project execution was very predictable, and Allegro did a good job throughout the project on staying current, which really helped us manage our budget. As a result, we have already experienced a vast improvement in transparency into our overall operations, and are extremely pleased with the consistent and supportable results we’re achieving.”

SourceGas

Allegro Expands ETRM Functionality for Global Power Markets

Supporting Power Market Participants Worldwide from Trade Capture to Settlement

DALLAS, TX, August 19, 2010 – Allegro Development Corporation, the leading provider of energy trading and risk management (ETRM) software, announced today the release of Power 8.1, a component of the Allegro 8 platform that streamlines and optimizes power trading and operations.  The expanded functionality includes European power scheduling enhancements, valuation and load shape enhancements, improvements to trading, balancing, and eTag capabilities, and further system performance improvements with grid computing.

Allegro provides power utilities, producers, marketers, schedulers, wholesale and retail energy companies a comprehensive system to manage the entire power lifecycle, from the capture of physical, financial, transmission and capacity trades, to planning, forecasting, scheduling, and tagging through the settlement and actualization processes.

“Allegro continues to innovate to meet the changing needs of the global power markets,” said Evan Cox, Allegro’s Chief Technology Officer.  “The Allegro 8 platform now consists of 40 distinct components that are tightly integrated, and we’re proud to have delivered more than a dozen upgraded or new components since 2009, including Power 8.1. Our component based approach means that customers can add new components more quickly and with less disruption to their organizations.  It also means that they can realize the business benefits of new capabilities sooner.”

Allegro’s Power 8.1 software offers market participants:

  • Support for European power scheduling, providing native support for EIC coding, modeling Balance Groups, Control Area balancing, and the European Transmission Auction process
  • Automated pool balancing, direct and indirect bookouts, and simplified access to eTag data
  • Real-time updates to P&L, volumes, risk metrics, exposures, and other key indicators
  • Holistic view of the energy portfolio as swaps, options, and structured transactions are captured and valued
  • Ability to capture financial trades, including options, as well as physical commodity and/or load-shaped trades, transmission, and capacity
  • Automated capture of pricing data from external sources for improved decision making
  • More granular sub-hourly time periods for trading, pricing, scheduling, and settlement

About Allegro Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.

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