Ignitis Polska go live with Igloo Cloud ETRM for European power and gas trading
London – UK, 25 Feb 2021
Igloo Trading Solutions, a leading provider of smarter ETRM solutions for the European energy market, announced today that Ignitis Polska have gone live with its cloud ETRM platform, for European power and gas trading.
Ignitis Polska is part of Ignitis Group, one of the largest energy groups in the Baltics, and is active in wholesale and retail energy markets.
Igloo automates and streamlines Ignitis Polska’s financial and physical trading operations with out of the box connectivity and STP to multiple exchanges and trading platforms, including Trayport TT, NASDAQ, NordPool. Igloo also supports Polish power and gas trading on TGE and automates regulatory reporting via the Equias eRR service. Real time position and P&L, price curve management and automated DMA reconciliation provide high levels of control and insight needed to trade successfully in modern power and gas markets.
As with all Igloo implementations, the project was delivered fully remotely.
Diana Kazakevic, CEO and Chair of the Board of Ignitis Polska noted: “Igloo’s ability to connect seamlessly to multiple exchanges and trading platforms combined with high levels of automation were key in the decision to select their Cloud ETRM solution.”
ABOUT Ignitis Polska
Ignitis Polska is part of Ignitis group which is one of the largest energy groups in the Baltic region. The Group operates in its home markets – Lithuania, Latvia, Estonia, Poland and Finland – as well as evaluates opportunities in other countries on the energy transition path.
Ignitis Polska is creating an energy-sector business culture of responsible and sustainable growth within the Polish market since 2017. The company has entered wholesale electricity and gas markets of Poland and has joined the Nasdaq Commodities OMX market operating in Scandinavia. Also, in July 2020 Ignitis Polska became an electricity and gas supplier for business customers, actively participating in the Polish retail markets. In 2021 it started trading in the Dutch gas trading platform TTF.
Igloo is an energy trading and risk management platform engineered to meet the needs of traders operating in today’s energy markets. Igloo Trading Solutions, the developer of Igloo, is a leading provider of cutting-edge products and solutions for traders in these markets. With substantial experience in trading and technology at some of Europe’s largest energy trading organisations, the team behind Igloo have developed the platform with the conviction that ETRM can be done simpler, better and more cost effectively.
FOR MORE INFORMATION
Igloo – visit www.iglootradingsolutions.com
Ignitis Group – visit www.ignitisgrupe.lt