Utilisoft Chosen by Centrica

Following a major tendering process to refresh its solutions portfolio, Centrica Energy has selected market leading software from Utilisoft to manage key market data to support and enable UK electricity trading.

Utilisoft’s solutions are the key elements required to trade UK power and integrate with the enterprise scale Energy Trading & Risk Management applications. Utilisoft’s linked modules selected are:

► GateKeeper, providing automated connectivity to Elexon and National Grid systems, and to the business applications within Centrica Energy;
► ENTRECA, providing reconciliation of the market and Centrica’s position; and
► ETSETTRA, providing analysis of the settlements reports.

Approximately 50% of the participants trading UK electricity currently use Utilisoft’s combination of software modules to comply with the market rules and manage the associated data. Utilisoft integrates directly with Energy Trading & Risk Management systems, manipulating trade data received from this source to meet the rules and structures of the BETTA market. This is typical of Utilisoft’s role in the market and provides a robust mechanism for market interaction.

Constantine Vaitsas, Head of Business Solutions and Atlas Transformation Director at Centrica Energy commented on the selection of Utilisoft: “We undertook a very thorough tendering process and received a number of high quality responses from a range of different vendors. We were particularly impressed with Utilisoft’s response and in line with our strategy of selecting ‘best of breed’ partners knew they were the vendor best able to meet our requirements. In particular we were impressed with the quality of their solution, its proven track record in the marketplace and the solution’s flexibility to grow and evolve with our business requirements. We are confident that Utilisoft will deliver their solution as promised.”

John Furness, Managing Director of Utilisoft, said: “We are delighted to be selected by Centrica and we look forward to working with them on this major project. This is a key contract which will enhance our reputation in the UK electricity trading market and underlines the fact that we are the number one choice for any organisation that wishes to operate in this area.”