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The Structure Group Europe

The Structure Group Assists Eneco To Deliver Enhanced European Trading Capability

London (ots)

The Structure Group, a premier international
consulting and software company providing solutions for the
deregulated energy industry, has partnered with Eneco
Energiehandelsbedrijf B.V, the trading entity of Holland's
third-largest energy distributor, to implement the Vedaris Contango
energy trading suite. The Structure Group also assisted Eneco in
establishing its new back-office operation.
"We've positioned ourselves well to increase our trading presence
in the major European power and gas markets and deployed a robust and
scalable trading platform for future growth," Lucien Wiegers, Eneco
head of trading, said.
Structure's remit was to reorganize and complete the testing and
implementation of Eneco's new energy trading system in order to meet
a very tight timeline for the systems to be in live use. Structure
also worked closely with traders, schedulers, risk managers, credit
managers and back-office personnel to help define business processes
around the new systems.
"The Structure Group has a reputation for delivery and deep energy
trading systems expertise, which made them an obvious choice to
partner with us. Structure takes a refreshingly pragmatic approach to
solution delivery, which was critical to this effort," Reinoud
Kimman, Eneco manager for supply and trading, said.
Eneco also engaged The Structure Group to provide industry
expertise in supporting the establishment of Eneco's first
back-office department. The Structure Group helped transition
counterparty credit risk assessment, invoicing, counterparty
confirmations and broker confirmations from a third party to allow
Eneco to successfully perform these functions in-house.
"Eneco is Structure's fifth major client in Benelux, and the
successful delivery of this project supports our growing reputation
in mainland Europe. We are very proud of the part that Structure
played in the success of this implementation. We developed a close
working relationship with Eneco and Vedaris, which allowed us to
achieve go-live and user acceptance of these new systems and
processes within a very short timeframe," Structure Group director
David Edwards said.
About The Structure Group
The Structure Group is a leading provider of energy trading
business solutions and consulting services to market participants and
system operators in Europe and North America. Established in 1998,
Structure has experience working with top-tier organizations in all
stages of the energy value chain. Structure offers expertise and has
strong credentials in ETRM solutions delivery, advanced risk
management, retail supply, generation, software solutions and
market/system operations. Structure's European client list includes
many of the major market participants in the UK and mainland Europe
such as BP, British Energy, Conoco UK, Electrabel, Eneco, Innogy,
Mirant Europe, Nuon, Powergen, Reliant Europe, Scottish Power,
SEEBOARD, TXU Europe, TXU Energi, and Williams Europe. For more
information about The Structure Group, visit
www.thestructuregroup.com or contact us directly at  media@scgo.com.

Contact:

Charlie Wright
The Structure Group Europe
Phone: +44/(0)1372/817716
mailto:charlie.wright@tsg-mail.com