Tuesday, 7th February, 2012
Exact Match
Allegro Announces Enhanced Functionality for Natural Gas Trading & Logistics
17/Aug/2010
Allegro Development Corporation, the leading provider of energy trading and risk management (ETRM) software, announced today the release of
Natural Gas 8.1
, a component of the Allegro 8 platform that provides real-time position visibility and tools to manage natural gas scheduling and storage.
With Allegro’s comprehensive natural gas solution, traders, schedulers, and operations directors can confidently monitor natural gas positions, make more profitable business decisions, meet compliance regulations, and mitigate enterprise-wide risk.
Natural Gas 8.1 gives customers the ability to manage physical natural gas positions and movements, monitor daily imbalances, and avoid pipeline penalties and unnecessary losses. Enhanced position reporting capabilities allow users to review natural gas position quantities throughout the nomination cycle and enable schedulers to work more effectively with traders to ensure that each morning’s nominations are submitted in a timely matter.
Allegro’s natural gas functionality is fully integrated with trading, accounting, reporting,
risk management
, and regulatory compliance components of Allegro 8, which improves workflow efficiency and ensures that all departments across the enterprise have the most accurate, current information.
Natural Gas 8.1 provides the ability to:
- Maintain pipeline facility data including services and rates, record transportation capacity, and release transactions.
- Customize Electronic Bulletin Board (EBB)-like views for simplified scheduling.
- Create pipeline nominations on both pathed and non-pathed pipelines and capture scheduled quantities.
- Record actual measured quantities and manage imbalance positions.
- Create storage plans and manage storage transactions, incorporating Maximum Daily Quantities (MDQs) and storage ratchets or fill ratios.
- Track Park and Loan (PAL) inventory balances and apply the associated costs during settlement.
- Easily account for and settle pipeline contracts to ensure accurate settlement.
About Allegro Development
Allegro is a global leader in commodity trading and risk management solutions for power and gas utilities, refiners, producers, commodity traders, and commodity consumers. With more than 26 years of deep industry expertise, our 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 superior solutions to manage risk across gas, power, coal, crude, petroleum, agricultural, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Allegro has recently been recognized as the Energy Risk Software House of the Year and received The Energy Business Awards Gold Award for Excellence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore and Zurich, along with a global network of partners.
www.allegrodev.com
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