DALLAS--(BUSINESS WIRE)--Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that BKW Energie AG (BKW) completed the second phase of implementation of the Allegro 8 platform. Allegro partnered with Opportune LLP to deploy the solution which will manage BKW’s natural gas, coal and oil trading operations.
“The main differentiator for Allegro is its flexibility and breadth of product functionality”
Opportune is an independent consultancy focused on the energy industry that serves clients throughout North America and Europe. Using extensive knowledge of all sectors within energy markets, Opportune provides comprehensive solutions for operational and financial challenges. Across energy segments practice areas include corporate finance, complex financial reporting, process and technology, strategy and organization, dispute resolution, enterprise risk, tax and outsourcing.
BKW is a utilities company with over one hundred years of experience in the sales and distribution of electricity serving one million people around 400 communities in Switzerland. It is one of the few major Swiss companies integrated in the European Grid and employs over 2,500 people. BKW has been continually expanding its trading operations in both the Swiss and European markets.
With successful completion of phase two of the implementation, BKW can now manage emissions, renewable certificates, natural gas, financial coal and oil in Allegro 8. BKW will continue to work with Opportune and Allegro to deploy power trading operations.
BKW required a system with flexibility to manage regulatory reporting requirements for renewable and emissions certificates, and to optimize trading operations for power and natural gas. Leveraging Allegro, BKW gains the ability to:
- Manage physical and financial trading including natural gas, coal and crude oil;
- Access consistent data across the enterprise for transparency into physical and financial positions for improved decision making; and
- Support company growth with a platform that can scale and adapt as business needs change.
“The main differentiator for Allegro is its flexibility and breadth of product functionality,” said Fritz Marti, BKW Head of Support & Steering. “Using Allegro enables improved efficiencies around our entire trading portfolio for multiple commodities across our business.”
Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 28 years of deep industry expertise, Allegro’s 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 agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global network of partners. www.allegrodev.com.
About Opportune LLP
Opportune is a consulting firm specializing in assisting energy clients with corporate finance, complex financial reporting, process and technology, strategy and organization, dispute resolution, enterprise risk, tax and outsourcing. For more information on Opportune LLP, visit www.opportune.com.