24 February 2018
Visit www.capgemini.com/worldreports

Kelag taps Allegro for energy trading and risk management

12 February 2014  |  1549 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.ebaday.comvisit www.nextgenbanking.co.ukvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11836 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10336 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8599 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8120 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7797 views comments | 10 tweets | 14 linkedin

Featured job

Competitive
Hong Kong, Asia-Pacific

Find your next job