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 firstname.lastname@example.org.
ots Originaltext: The Structure Group Europe
The Structure Group Europe