Previse Coral’s new Quantity Index Management

Introducing Previse Coral’s new Quantity Index Management


The Drag of Slow Trade Handling due to Quantity Uploads …

In the past, addressing the integration of trades and quantities was a challenge, often resembling a complex puzzle.

Now envision a future where trade and quantity management operate seamlessly, thus allowing for a more efficient and streamlined process:

Introducing Previse Coral’s new Quantity Index Management

The usability of pre-uploading your indices or shapes is now better than ever. The simplicity of referencing them on the trade allows the associated components to retrieve the quantity information directly and easily. Central to this evolution is an independent, upgraded object within the system, simplifying the storage of quantity time series data across diverse granularities.

The true innovation lies in the seamless linking of different indexes with different granularities. This not only reduces storage requirements but also enhances trading performance.

When customers request data, it can be provided at the granularity they prefer, offering flexibility in data presentation.

Data visualization takes centre stage. Detailed charts provide a intuitive overview of plans, forecasts, and actual production. Custom formulas give you the flexibility to customise your data as needed. Operations such as the addition of curves, multiplication by a fixed value or other calculations are made easy.

Quantity Index functionality has also been improved for the integration of end-of-day and real-time position reporting. Here, users can see both position-related quantities as well as standalone quantity index shapes. So, that means if there are changes in any of the quantity index shapes or formulas related to these shapes, reporting will show that.

Previse Coral’s Quantity Index is more than a mere functional enhancement: it’s a transformative tool that untangles complexities and inefficiencies. If you operate in the power and natural gas sector, you may come to see it as a game-changer.


ane.energy & Previse Systems 2023

ane.energy & Previse Systems look back at twelve months of successful cooperation!


A modern approach to energy trading

As a modern and very technology-savvy energy company, it was clear to ane.energy right from the start what the foundations of successful energy trading are – immediate availability of all data in assured quality and an automated flow of the same, integrated across all software systems used.

Modern software architecture, comprehensive functionality and efficient interfaces are some of the key reasons why ane.energy opted for the ETRM solution from Previse Systems.

Innovative software solution

Thanks to the data quality and automated processes in and with Previse Coral, ane.energy is now able to handle high-volume automated trading activities with ease. Another key strength of Previse Coral also benefits ane.energy here: the handling of renewable energies in energy trading, a particular strength of Previse Systems’ software. Ralf Höper, Managing Director of ane.energy, emphasises:

“The collaboration with Previse confirms our conviction that strategic partnerships promote growth and innovation. The decision to rely on ETRM Coral, which specialises in renewable energies, fits in perfectly with our technology-driven approach. This is already reflected in significant improvements in risk management.”

The beginning …

ane.energy began the implementation of Previse Coral with the migration of a large number of PPAs. With these types of instruments, functionality like cascading time series (daily, monthly, quarterly …) in conjunction with the “best available value” approach makes it a lot easier for traders to conduct their daily business – they enable efficient forecasts and precise market valuation. The continuous monitoring of capture costs and volume exposures in addition significantly reduces risks. Exposure risks can be recognised in real time and deal values can be mapped immediately.

… and the next steps

ane.energy will continue to expand the use of Previse Coral in the coming months, e.g. with the systemic integration of the many deals from short-term trading. In future, this will increase the number of transactions processed daily into the thousands.

Cooperation as the key to success

The ane.energy team emphasises its satisfaction with the decision not to go with a big player. The close contact with the Previse team, quick feedback loops and the ability to influence the development of the software in the right places in a timely manner made this “journey” much easier.

“Previse Systems’ flexible adaptation to our needs and the immediate updating of their roadmap have saved us many headaches. We really appreciate the fast dialogue and cooperation at eye level.” – Nils Hoffmann, Project Manager ane.energy


Energetech chooses Previse Systems as its new Energy Trading Platform

Previse Systems announced today that Energetech Trading DMCC, headquartered in Dubai, a fast-expanding energy trading house active on European gas, power and emissions markets, has contracted Previse Systems to supply the firm’s new energy trading solution.

Founded in 2020, Energetech started operations with power and gas spot trading. As the company’s activities and geographical presence expanded, it quickly became evident that a flexible and modern ETRM software was required.

Having thoroughly tested Previse Coral in a Proof-of-Concept (PoC) in Q1 and Q2, Energetech was convinced that it was the right choice for them – an important driver for this decision was the modern technology stack, its scalability and flexibility to easily expand the solution via the App Framework.

Previse Coral will initially be deployed to manage Energetech’s short term UK power trading – which has almost completely been delivered already as part of the PoC. In subsequent steps, a swift expansion into other European power and gas markets is planned.

Lead Consult will contribute multiple interfaces, among them trade import connectors to Trayport, ETPA, Prisma and JAO.

Guido La Rosa , Middle Office Lead at Energetech, said: “We’re proud to partner with Previse Systems and their exceptional team, driving energy trading transformation. Their advanced system technology empowers effortless customization in shaping our post-execution trading activities. From complex task fulfilment to streamlined energy workflows, Previse Systems enhances efficiency and unlocks new market opportunities.”

Joel Bellot, Engineering Lead at Energetech, said: “Previse Systems’ SaaS solution impressed us with the use of modern serverless technology. Their support was fast, and the platform is highly extensible. With cutting-edge tech integrated, Previse Systems is the company to watch in the energy space.”

Asbjørn Hansen, CEO at Previse Systems, said: “We are very proud to welcome our first customer from the Middle East!

During the PoC, we have had the chance to collaborate intensively with Energetech’s team, and we are impressed by their diligence, their competence, and of course their … energy! 😊  – for example, Energetech have already developed their first own App to take care of a specific automation requirement! We are confident that our App Framework with provide robust tools for Energetech to drive real-time operations and decision making.

We look forward to support and facilitate Energetech’s growth journey into new energy markets.”

About Energetech

We operate across borders in an ever-changing market, continually thinking on our feet. By using smart technology, we can predict and act on market volatility in a way that challenges traditional energy trading practices, through forecasting opportunities and creating risk mitigating, robust, high value strategies.

The strategies and technology we deploy to make the best deals out there are deeply complex and require a stellar team, with expertise in a broad range of disciplines. Our employees make up the Energetech family, where the best talent from around the world come together to provide world-class energy trading. However, what binds us together is one very simple purpose: to reinvent the way energy flows through global markets. That’s why our greatest asset is our people.

Mobilizing the energy market is a responsibility we don’t take lightly. It’s our raison d’être. At Energetech, we’re committed to trading energy in a way that keeps energy supplies secure, affordable and carbon-efficient.

About Lead Consult

LEAD Consult is a dynamic, customer-oriented company, specialized in providing software solutions as well as business and IT consulting services in the energy and financial sectors. Our deep industry knowledge together with excellent skills in management consulting, technology and innovation allows us to challenge the conventional thinking and deliver exceptional results that have a lasting impact on businesses and companies worldwide.

For more information, visit https://www.leadconsult.eu/.

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.


Ørsted selects Previse Systems to supply new Energy Trading Management System

Previse Systems announced today that Ørsted has selected Previse Systems as the supplier of its new Energy Trading Management (ETM) system.

Ørsted was looking for a cloud-based Software-as-a-Service (SaaS) solution – a highly standardized system to replace the core deal capture and deal lifecycle capabilities of the legacy on-premise ETRM solution. Ørsted was seeking an ETM solution with speedy time-to-market for standard products. It was key for Ørsted that the selected solution would be both lightweight and highly interoperable with Ørsted’s business and IT landscape.

As Ørsted’s new ETM solution, Previse Coral will be utilized for deal capture, deal-lifecycle workflow and back-office processes for gas and power trading supporting a high degree of automation. While power and gas are the primary traded commodities, Ørsted also intends to use the system for the hedging of various metals and fuels within Ørsted’s business.

The scope of the implementation of Previse Coral will cover Ørsted’s main trading activities in the United Kingdom, the Netherlands, Germany and Denmark, as well as in some adjacent markets. Besides standard instruments, the solution may be expanded to also cover PPA structures, swing contracts, storages and options.

In the delivery of Ørsted’s Future ETM, Previse Systems will collaborate closely with partners such as Lead Consult, who will supply several elements of the overall solution as Apps and also add expertise to the implementation team.

Asbjørn Hansen, Managing Director at Previse Systems, said:

“We are extremely excited to sign up one of the world’s most significant players in renewable energy! Bringing on yet another large energy trading company onto our platform underlines the strength of our product, our technology and our concepts, driven by the competence and dedication of our team and our partners.

We see Ørsted as a global leader in renewable energy. We believe that our expanding partnership will further strengthen our platform and our capabilities in the support of renewable power traders, as well as companies with complex cross-commodity portfolios.

We look forward to supporting Ørsted on their journey from their old on-premise legacy solution to a fully cloud-based and automated ETRM platform designed for the future.”

About Ørsted

The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate Change A List as a global leader on climate action and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in Denmark, Ørsted employs approx. 8,000 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group’s revenue was DKK 132.3 billion (EUR 17.8 billion).

About Lead Consult

LEAD Consult is a dynamic, customer-oriented company, specialized in providing software solutions as well as business and IT consulting services in the energy and financial sectors. Our deep industry knowledge together with excellent skills in management consulting, technology and innovation allows us to challenge the conventional thinking and deliver exceptional results that have a lasting impact on businesses and companies worldwide.

For more information, visit https://www.leadconsult.eu/.

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.


Nexus Energía selects Previse Systems’ ETRM Solution

Previse Systems is pleased to announce that Nexus Energía, a key player in the Spanish renewable energy market, has selected Previse Coral as their new ETRM platform.

With an impressive track record of building a successful trading operation, Nexus Energía needed a robust IT infrastructure to support the future growth envisioned, and also support its ambitions in the area of trading renewable energy. After a thorough look at the ETRM market, Nexus Energía’s saw its requirements and expectations fulfilled by the Previse Coral platform – and subsequently validated this in an in-depth Proof of Concept.

The main decision factors in favour of Previse Systems included the capability to implement easily and fast, the fast time to market for future areas of expansion, as well as the market understanding and competence of the vendor.

Previse Coral will be deployed at Nexus Energía to manage trading operations in European Union Allowances (EUAs), Power (incl. PPAs), Natural Gas and Guarantees of Origin (GoOs).

“During the intensive collaboration with the Previse Systems team during the Proof of Concept, we were convinced both by the software’s functional scope and coverage as well as the advantages that the applied technology stack offers,” said César Rodríguez Llorca, corporate director of energy management at Nexus Energía, “we are confident that this is the right solution for Nexus Energía to drive future growth, with the ability to adapt and expand the system fast and efficiently.”

“We are thrilled that Nexus Energía has chosen Previse Systems to deliver its new ETRM solution,” said Asbjørn Hansen, CEO of Previse Systems, “we see this as a further validation of our concepts and the importance of the innovations our modern technology stack brings to the ETRM industry. Also, our first Spanish customer is an important milestone for us, and we are looking forward to reconnecting with our network in Spain and to expanding the Previse Systems footprint on the Iberian Peninsula.”

The scope of the implementation includes price import interfaces from EEX, ICE, OMIP and MEFF, as well as a Trayport trade import interface by Previse Systems’ partner LEAD Consult.

Minsait, a leading consulting and system integration company in the energy and utilities sector, will provide project management support to Nexus Energía.

About Nexus Energía

Nexus Energía is a leading group in the commercialization of electricity and natural gas, representing producers in the market with international presence in Portugal and Mexico. Founded in 2000 by a dozen local companies from all over Spain with a long tradition in electricity distribution, the company supplies electricity and natural gas to more than 21,000 business supply points and more than 39,100 domestic supply points. With a team of more than 200 employees, Grupo Nexus Energía manages 16 TWh and had a turnover of more than 2,000 million euros in the last financial year.

The company was a pioneer in promoting green energy and today is a leader in the representation of renewable energy producers, with more than 18,100 plants represented. The company is committed to promoting energy sustainability and involving its customers in the change towards a new energy model, promoting the consumption of renewable energies and self-consumption. Grupo Nexus Energía works to bring energy to people and companies easily and empower them to make a conscious and efficient consumption.

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.


Energie Wasser Bern selects Previse Systems’ ETRM platform

Energie Wasser Bern (“ewb”), the city utility of the Swiss capital Bern, has chosen the Previse Coral ETRM platform to support its ambitions in the field of energy trading!

Faced by the profound change the energy sector has been undergoing for years, ewb recognised the central role played by technology in exploiting opportunities and managing risks. When embarking on the process to select a new core ETRM solution, the main aim was to put a tool in place that would allow to flexibly adapt to constantly changing market conditions and related requirements arising from the business. High standards of performance, IT security and user-friendliness were expected to be met, and equally easy integration into the existing energy trading system landscape.

As a result of a thorough evaluation, ewb established that Previse Coral performed significantly better than other products with regards to functional and technical system criteria, as well as capabilities of adaptation to current requirements as well as co-development in areas important to ewb. Also, the software was convincing in terms of user-friendliness.

Previse Coral will be deployed at ewb to comprehensively manage trading operations in electricity, natural gas, renewables and CO2 emissions. The scope of the implementation includes contributions by Previse Systems’ partners: e·Flow, the nomination and scheduling tool e·Opt Solutions, multiple interfaces delivered by Lead Consult and an automatic balancing App from Sparkspire.

”With Previse Coral, we see great potential to improve our processes in energy trading and portfolio management”, said Marc Maurer, application manager at ewb. “We are convinced that it is the modern software architecture and openness of the platform will greatly contribute to making our system landscape future-proof .”

“At Previse Systems, we are very excited about having been chosen by Energie Wasser Bern”, Marc Zumstein, head of sales at Previse Systems, said.

“It underlines the advantages our technology offers in today’s energy trading – adaptability and performance, together with easy connectivity and a high degree of intuitive usability. We are equally thrilled about welcoming our first customer in Switzerland, our “home” jurisdiction.

We look forward to the collaboration and a successful long-term partnership to support the continuing success of ewb!”

 

About Energie Wasser Bern

Energie Wasser Bern is the electricity, water, natural gas, waste recycling and heat supply company of the city of Bern in Switzerland. The activities of ewb mainly include the areas of electricity supply, water supply, natural gas supply, district heating supply, offers in the field of mobility (driving with natural gas and electromobility), the construction of the Bern fiber optic network and waste recycling.

As an electricity supplier, ewb supplies 70’000 private households in the city of Bern as well as 8’000 small and medium-sized companies and 100 large customers in the area of Bern with a total of about 1’000 GWh of electricity per year. Of a total of about 1’500 GWh of electricity generation from own assets and attributed from co-owned assets, 60% originate from renewable sources.

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.


ane.energy selects Previse Systems’ ETRM platform

The energy trading company ane.energy, based in northern Germany, has chosen the Previse Coral ETRM platform as the core application to support trading activities and ensure robust infrastructure scalability for future growth.

ane.energy – the only direct marketer of German wind power entirely owned by electricity producers  – is renowned for its out-of-the-box thinking, innovative product ideas and high affinity for efficient digitalisation.

Previse Coral will be initially deployed to comprehensively manage ane.energy’s portfolio of long-term power purchase agreement (PPAs). In a next step, the plan is also to migrate short-term power trading as well as the guarantees of origin (GoO) portfolio into the system.

ane.energy sees the open App Framework / SDK as an important differentiator that will facilitate the swift deployment of proprietary functional elements – in a first step, it is planned to adjust existing interfaces as connectors to Previse Coral in the form of Apps.

”The last two years we have seen a rapidly growing demand of our green long and mid-term PPAs, both physical and financial, in the market”, said Ralf Höper, managing director at ane.energy. “Hence, we decided to establish an ETRM system that fulfils our ambitious needs in managing the embedded risks and gain additional portfolio value from actively optimising the dynamic hedging-positions.

We are confident that the Previse Coral tech stack in combination with the flexible infrastructure is the best fundament to support our future activities.”

“I am very proud of another innovative and technology-driven company with a strong focus on renewable energy choosing Previse Systems”, Asbjørn Hansen, Managing Director at Previse Systems, said.

“The ane.energy team has an agile and dynamic mindset very similar to our own, and I am sure our partnership will help facilitate the green energy transition. Being able to accurately model renewable assets, manage GoO and PPA contracts and at the same time provide scalable solutions for high frequency trading are all key elements for ane.energy – and core competencies of our software.

We look forward to the collaboration and to becoming a supporting element for the continuing success of ane.energy!”

About ane.energy

A network for renewables – free, independent and really green – that was the founding idea of ane.energy. We have made plant operators shareholders and have integrated wind, photovoltaics and biomass from all over Germany into our portfolio. This made us the last independent direct marketer.

We have remained true to our founding idea – independent and green. We are committed to the marketability of renewable energies and think out of the box. This makes us innovative, fast and digital – without neglecting coffee together or having fun at work.

We like to cooperate: with shareholders, operators and in projects with small companies as well as with the top dogs in the industry. We keep the goal in mind: efficient, sustainable energy production and marketing.

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.


Taking Efficiency in Energy Trading to the Next Level – Norlys Energy Trading 🇩🇰

A Strong Validation of the Ecosystem Concept


In May 2021, Previse Systems and Fidectus have embarked on a partnership to connect Previse Coral with Fidectus’ GEN platform. The goal of course was and is to enable seamless post trade processing and full back-office automation, including electronic Confirmation (eCM) and Settlement Management (eSM).

The pilot customer, Norlys Energy Trading A/S, is very satisfied with the combined solution:

“The collaboration of Previse Systems and Fidectus and their plug-and-play integration allow us to have ETRM and eCM/eSM centralised in one solution, enabling full trade lifecycle automation in one unified workflow”, says Michelle Rønne, Head of Back Office at Norlys Energy Trading.

For Previse Systems, the collaboration with Fidectus represents a strong validation of the Ecosystem concept – the combination of best-of-breed platforms and specialised applications using modern technology and communication standards.


A Previse Systems Success Story – Norlys Energy Trading 🇩🇰

Michelle Rønne, Head of Back Office at Norlys Energy Trading, talks about how Previse Systems make her life easier


Previse Systems rethink the way ETRM software is designed – they have built a software that actually supports today’s trading patterns” says Michelle Rønne, Head of Back Office at Norlys Energy Trading A/S.

“We have worked with other solutions in the past and those solutions are not geared to handle the number of trades we are doing today. Today’s solutions need to be designed for many small trades rather than a few big ones.

The Previse Coral solution is very data and event driven, so rather than spending human resources clicking around the system, the solution automates processes and allows us to only focus on exceptions.”

Michelle Rønne with Asbjørn Hansen

Michelle, thank you very much for taking the time to share some of your impressions and experiences with the Previse Coral software with us, and with other prospective customers of Previse Systems!

Michelle: I have already mentioned performance and automation. A further important point to note is definitely the flexibility of the solution, especially around defining workflows: we are able to configure the system around our processes instead of being limited to follow processes defined by the system. Previse Coral is incredibly generic here, it allows to fine-tune the workflows exactly as we need them, e.g. with features like the transition process and the partial locking of trades.

Can you elaborate a bit on that?

Historically my experience is that we end up spending a lot of time changing the tradebook or strategy on the trade. With the Previse partial locking we can decide exactly what back office needs to have locked for controlling and what is open for front office to change.

Does that also extend to settlement processes?

Well, Previse Coral is designed with a settle date and a clearing date which allows us to model all the special rules from the clearing houses along with the exchanges. We know when the trade can be controlled based on when it will be cleared. This allows us to automate those processes.

We all know how difficult it can be to ensure that all trades that need to be controlled and settled on a given day are handled, because of all of the special rules given by the clearing houses and exchanges. So instead of setting up a very complex filter or query (which is impossible to maintain) we can simply select by yesterday’s clearing and settle date and this gives us the definitive list of items to be processed.

Has event driven settlement automation supported you in optimizing your processes?

Yes, absolutely. Since settlement is the final process of the trade, the numbers are always affected by the data upstream and it happens that some of that data might be captured incorrectly. For example, the clearing broker could have a mistake on their side for the settlement date or a manually captured trade could be wrong. In such cases, we just correct the data on the trade and the settlement event engine triggers a re-settlement of the trade automatically – we can then just flip over to the Settlement screen after editing the trade, and the data is already updated and ready for settlement.

It’s amazing not to have to run a batch process or similar! You can just process the data much quicker than in other solutions I have worked with.


Previse Systems Kicks Off ETRM Educational Mini-Series

Today the first episode of the new educational series by the Insider’s Guide to Energy was released!

Listen in to Previse Systems’ Asbjørn Bjarke Hansen talk about current trends in the energy markets and the competitive edge of the right technology in today’s energy trading environment.

  • What are the main benefits of SaaS and built-for-cloud in this context?
  • How can an ecosystem create value, and how is the Coral Ecosystem structured and operated?
  • Why is high system performance a crucial driver in using an ETRM in today’s markets, and how does Previse Systems achieve its ambitious goals in this area?

This, and much more, in today’s first edition of the ETRM mini series! Alternatively, watch the video on Youtube (yes – that is a bottle of Grappa behind Asbjørn … 🙈).

Many thanks to our partners Fidectus and FORRS for making this happen!