Feb. 12, 2014 14:00 UTC

KELAG Selects Allegro for Energy Trading and Risk Management

Austrian Utility to Manage Power, Natural Gas and Certificates Trading with Allegro 8

LONDON--(BUSINESS WIRE)-- Allegro Development Corporation, a leading provider of energy trading risk management (ETRM) software, announced today that KELAG – Kärntner Elektrizitäts-Aktiengesellschaft has decided to implement the Allegro 8 platform to manage its power, natural gas and certificates trading operations at its corporate headquarters in Klagenfurt, Austria and at its Slovenian subsidiary Interenergo in Ljubljana.

KELAG required a fully integrated system to replace its legacy IT infrastructure to streamline operations, tighten controls and increase efficiencies across the enterprise for power generation, retail and trading business processes.

“KELAG needed a robust and proven platform as a foundation to manage all of the business activities around energy trading and risk management, as well as a reliable partner through the implementation and beyond,” said Dr. Alfred Fürst, Risk Controlling at KELAG. “We expect Allegro to deliver strong support for all areas of energy trading, operations, and risk management. With Allegro, KELAG is looking forward to a partnership to facilitate our current activities in energy trading, and to confidently address future requirements.”

The KELAG group is one of the leading energy service providers in Austria. Subsidiaries of the group are actively engaged in the fields of electricity, district heating and natural gas. As a large energy producer, KELAG belongs to an elite group of Austrian companies generating power from water. KELAG and its subsidiaries have pursued the strategic goals of growth and innovation on the basis of renewable energy in Austria and abroad.

About Allegro

Allegro is a leading provider of commodity value chain and risk management (CVCRM) software for power and gas utilities, refiners, producers, traders and commodity consumers. With more than 30 years of deep industry expertise, Allegro provides real-time intelligence and decision-making capabilities, from the source of the commodity (ground), through transportation, to the commodity consumer. Allegro’s software provides the global intelligence companies need to manage physical and financial positions, and to optimize their assets and portfolios using tools that quantify and mitigate risks. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney and Zurich, along with a global network of partners. For further information please contact Claire Peel at +44 (0)2073824341.

Contacts

Allegro Development Corporation
Samantha Johnston, 214-237-8149
media@allegrodev.com


Source: Allegro Development Corporation