The single electricity market (SEM) is a new wholesale trading arrangement based on the gross mandatory pool approach. Viridian rolled out NewEnergy’s comprehensive operations management system to ensure accuracy, reliability and efficiency in energy trading data management and messaging with the single market operator’s central systems.
NewEnergy worked in collaboration with IBM Global Business Services to manage and fully deploy the MarketManager software for Viridian, which is utilizing the software to manage SEM market messaging, energy trading data and related business processes. As a result, personnel across Viridian now have facilities to support efficient, reliable and auditable management of complex operations processes, across front-, middle- and back-office trading functions, according to NewEnergy.
Deane Price, general manager of NewEnergy and Global Energy Decisions, said: This implementation represents NewEnergy’s fourth system on the Island, a true testament to our solid customer relationships and our proven SEM system functionality. As our clients meet new challenges in the evolving Irish electricity market, as well as in markets across Europe, our solutions will continue to evolve to meet those challenges.
