citiworks AG, a leading German energy trading and services company, has chosen Previse Systems as its partner for its future ETRM platform.
citiworks AG had initiated an EU-wide multi-stage tendering process for new ETRM software to replace its existing system with a modern, cloud-native SaaS solution that ensures high performance, particularly for real-time risk and position evaluations. The new system needed to meet citiworks AG’ functional requirements while offering the flexibility to quickly adapt to future changes. Additionally, seamless integration into citiworks AG’s IT ecosystem was crucial to maintaining a robust, modular architecture, ensuring a future-proof and adaptable infrastructure capable of responding efficiently to evolving market and regulatory demands.
citiworks AG chose Previse Systems for its next-generation ETRM solution. Previse Coral’s state-of-the-art architecture and serverless technology ensures high performance and scalability without infrastructure overhead. The open Coral Ecosystem framework ensures seamless integration into citiworks AG’s IT landscape while enabling flexible functional extensibility to accommodate future business needs, while Master Data as a Service simplifies data management and reduces costs. This combination of cutting-edge technology and adaptability made Previse Systems the ideal choice for citiworks’ evolving requirements.
The implementation will cover the entire scope of commodities traded by citiworks and is set to be delivered by the end of Q1 2026.
“In our search for a modern, high-performance ETRM system that can map our sometimes very complex processes and at the same time offers the flexibility to react quickly and efficiently to future changes and requirements, we opted for Previse Coral. We are convinced that with Previse Systems we have not only chosen the best professional and technological solution but have also found a reliable partner with whom we can look to the future with optimism”.
The new system will enable us to further automate our processes and expand citiworks’ strong position in the areas of flexibility marketing, PPA and real-time trading, as well as ensuring the continuous improvement of our technological capabilities in the future.”
Markus Nagel, IT Project-Steering at citiworks AG/ENTEGA AG
“We are delighted that citiworks has selected Previse Coral as their new ETRM solution. The evaluation process was characterized by efficient collaboration, which we now look forward to extending into the joint project ahead. We are confident that our combined efforts will lead to a successful implementation, and we look forward to a long-term partnership with citiworks, focused on growth and continued success.”
Marc Zumstein, CRO at Previse Systems
About citiworks
citiworks AG is an energy trading and energy services company. For more than 20 years, citiworks AG has been supporting customers from the field of energy suppliers, municipal utilities and network operators with its comprehensive range of services.
Benefit from citiworks AG’s many years of experience. We create flexible and reliable customised solutions with high process and handling quality that ideally complement your resources. The range of services offered by citiworks AG includes access to the energy exchanges and the OTC market to trade long, medium and short-term products, automated short-term trading to minimise balancing energy risk, support or takeover of balancing group and 24/7 schedule management, load and feed-in forecasting, portfolio management for procurement and generation, weekly market information, as well as PPA contracts or direct marketing of your EEG plants.
About Previse Systems
At Previse Systems, we fundamentally reshape the way Energy Trading and Risk Management (ETRM) software is designed, implemented and operated. We offer a highly performant SaaS solution for European electricity, natural gas and certificates trading – combining modern software architecture with the latest available tools and technology.
As a conceptual innovation, we build on the notion of “community”, with an infrastructure for energy companies to leverage synergies through collaboration in the IT domain. The goal of this is simple: better software, faster and at lower cost. We create software without any legacy burden. Our data structure follows accepted market standards, which drives easy and fast data migrations, and is also a core factor of strong system performance.
With Previse Systems, energy companies are well equipped to master the challenges of a fast-evolving environment.
About ENTEGA AG
ENTEGA AG is one of Germany’s leading energy and infrastructure service providers and one of the largest suppliers of green energy. ENTEGA AG has set itself the task of developing innovative and climate-friendly products and solutions that simplify everyday life and support sustainable living. ENTEGA AG and its subsidiaries thus enable modern services of general interest and make a lasting contribution to a sustainable living environment. Their tasks include renewable energy generation, the traditional supply of energy and water as well as the operation and construction of grids and energy-efficient large-scale plants. All companies in the ENTEGA Group have a standardised mission statement and corporate culture. They follow the principle of sustainability and take a holistic view of their tasks.