Tags: C/ETRM, Commodity Market, energy industry, Energy Market, ETRM software, Pioneer Solutions
Whether it is the energy or the commodity market, they reflect a 21st century business climate of on-going and fast change. Low prices and new regulations are main reasons for the latest turmoil. Your current playbook does not help protect your current business, nor does it succeed in getting you into new ones.
It’s Albert Einstein’s definition of insanity: doing the same thing over and over again and expecting different results. Just ask all of those famous companies that missed the next wave, like Kodak and most recently Nokia. Don’t become a “Kodak Moment:” Change your Playbook with a modern C/ETRM system.
Tags: C/ETRM, energy industry, ETRM, ETRM software, Pioneer Solutions, Porfolio Management, Profitability, risk management
In the low-margin business of a retail energy supplier, the timely procurement of sufficient wholesale supply at the best possible price and risk level is critical to its profitability. To answer fundamental questions about supply & demand, portfolio performance, valuations, and profit & loss, requires an integrated system that handles the business processes from supply contracts to settlement, and where the retail sales book is linked to the wholesale sourcing book to facilitate in-depth monitoring and assessment of positions and exposures. Are you able to Parse your Portfolio for Profitability?
Tags: C/ETRM, energy industry, energy regulation, Energy Trading and Risk Management-ETRM, ETRM, ETRM software, Europe, Pioneer Solutions, Power, REMIT, TRMTracker
Wholesale energy markets have never been easy and when global deregulation started over 20 years ago, energy trading became more complex giving rise to information technology solutions to address the risks with energy trading: Energy Trading and Risk Management (ETRM) systems.
It was essentially the first message that the use of ETRM systems was the prudent way to help market participants manage complex risk scenarios and effectively trade and manage energy transactions from trade capture to delivery and settlement. Following several years of economic hardship due to the 2008 global financial crises, market participants now face an environment of ever-emerging rules, the effects of renewable energy and competitive pressures.
It is with an effective ETRM system that market participants can respond to three main challenges: Increasing complexity and workload, contain operating cost, and regulatory requirements.
Tags: C/ETRM, Customer Service, ETRM, ETRM software, Pioneer Solutions, service
As C/ETRM systems advance, delivering the latest technical innovations supporting commodity trading, the successful software vendor will practice what Steve Jobs so famously said: “You’ve got to start with the customer experience and work back toward the technology – not the other way around.”
With C/ETRM systems being such a substantial investment, customers can ill afford failure. Realizing their C/ETRM vision for increased efficiency, cost-effectiveness and happy productive employees, calls for a comprehensive engagement approach that ensures success and delivers a superior customer experience. Prospective customers therefore will be interested to learn from C/ETRM vendors: Is your C/ETRM solution Not Just Capturing Deals, but also the Customer?
Tags: ETRM, ETRM software, Pioneer News, settlementtracker
Progress always involves risk: you can’t steal second base and keep your foot on first. Decision-makers not willing to get out of their comfort zone will choose a solution based on the old adage “you can’t go wrong with IBM.”
A misguided attempt to secure their jobs. Decision-makers interested in real progress and getting ahead are what management consultant Geoffrey Moore calls “early adopters” and “pragmatists in pain.” They go with disruptors who have a better mousetrap to solve problems that can’t be solved with established products.
Tags: C/ETRM, energy industry, ETRM software, REC software, RECTracker, REMIT, risk management, Risk management software
Market demand for renewable energy continues to grow due to governmental programs, increasing corporate initiatives as well as households voluntarily choosing to purchase ‘green’ energy. Consequently, the volumes of Renewable Energy Certificates (RECs) guaranteeing that the electricity was produced from a renewable energy resource are swelling.
Apart from the management challenge of tracking RECs and monitoring exposure, those types of certificates that are tradable carry a value and must be settled and reported. This calls for automation of the end-to-end process, from generation to expiration or retirement. Pioneer’s RECTracker provides a robust solution from inventory planning to accounting. Time to ‘renew’ your RECs/GOs management system?
Tags: C/ETRM, commodity trading & risk management-CTRM, Energy Trading Risk Management, ETRM software, FARRMS, Pioneer Solutions, risk management, TRMTracker
Pioneer Solutions was originally formed to provide effective next generation software for the financial and regulatory commodity and energy markets. The nature of our company has always been commercial driven data management.
Tags: energy industry, ETRM software, GreenCo Solutions, North Carolina, Pioneer Solutions, REC portfolio management, REC software, RECs, RECTracker, Renewable Energy Credits
Pioneer Solutions is pleased to announce that North Carolina’s GreenCo Solutions has purchased the RECTracker software and will begin the implementation process immediately.
GreenCo Solutions manages compliance with the North Carolina Renewable Energy and Energy Efficiency Portfolio Standard (REPS) on behalf of 22 North Carolina electric cooperatives. GreenCo selected Pioneer Solutions’ RECTracker due to its ability to satisfy their unique business requirements.
Tags: Compliance software, Compliance solutions, Dodd-Frank Act, ETRM software, Pioneer Solutions
Prior to the election a few months ago, it seemed as if everything that had been developing in the world of Dodd-Frank was put on hold. Now, with the election and inauguration behind us and our country anticipating the next four years, those in the financial industry are realizing that this also means another four years of Dodd-Frank.
The last few years have meant several lawsuits, delayed deadlines and unending controversy surrounding the Dodd-Frank act and the regulations that loom. Some rulemaking requirements have been set while many others have missed deadlines or have yet to even be decided. While many government agencies have already adopted Dodd-Frank and are reportedly more or less happy with the outcome, other organizations remain far less certain. about the switch.
Tags: E-world 2013, EMEA, energy events, energy industry, ETRM software, Etrm vendor, Europe, Germany, Pioneer announcments news and events, Pioneer Solutions
Pioneer Solutions would like to invite you to join us at E-world Energy and Water 2013 during February 5-7, in Essen, Germany. Stop by our booth and find one of our knowledgeable professionals, George Bradshaw, at the event available to answer questions. Fill out a quick questionnaire to receive a free goody and also ask about a no obligation demo of our comprehensive suite of ETRM solutions. Or just come by to say hi.
Pioneer’s booth will be located in Hall 4 Stand 4-110.