21 October 2017
Register now

Kelag taps Allegro for energy trading and risk management

12 February 2014  |  1528 views  |  0 Source: Allegro Development Corporation

Allegro Development Corporation, a leading provider of energy trading risk management software (ETRM) software, announced today that KELAG - Kärntner Elektrizitäts-Aktiengesellschaft has decided to implement the Allegro 8 platform to manage its power, natural gas and certificates trading operations at its corporate headquarters in Klagenfurt, Austria and at its Slovenian subsidiary Interenergo in Ljubljana.

KELAG required a fully integrated system to replace its legacy IT infrastructure to streamline operations, tighten controls and increase efficiencies across the enterprise for power generation, retail and trading business processes.

"KELAG needed a robust and proven platform as a foundation to manage all of the business activities around energy trading and risk management, as well as a reliable partner through the implementation and beyond," said Dr. Alfred Fürst, Risk Controlling at KELAG. "We expect Allegro to deliver strong support for all areas of energy trading, operations, and risk management. With Allegro, KELAG is looking forward to a partnership to facilitate our current activities in energy trading, and to confidently address future requirements."

The KELAG group is one of the leading energy service providers in Austria. Subsidiaries of the group are actively engaged in the fields of electricity, district heating and natural gas. As a large energy producer, KELAG belongs to an elite group of Austrian companies generating power from water. KELAG and its subsidiaries have pursued the strategic goals of growth and innovation on the basis of renewable energy in Austria and abroad. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9470 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8831 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7945 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7508 views comments | 10 tweets | 22 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
7345 views comments | 16 tweets | 16 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job