Igloo collaborate with Yuso and Romande Energie to deliver Swiss intraday power trading platform
London – UK, 24 Aug 2020
Igloo Trading Solutions, a leading provider of smarter ETRM solutions for the European energy markets, announced today that it had successfully partnered with Yuso the Belgium based aggregator in renewable energy markets and Romande Energie one of Switzerland’s leading utilities to deliver a cloud-based Swiss intraday power trading platform.
Yuso and Romande Energie identified a need to increase the liquidity and to simplify the trading process for of Swiss intraday power. By acting as a liquidity provider, Yuso provides Swiss market participants access to a convenient executable trading screen for intraday power.
Igloo leveraged its existing execution platform technology to connect with the single EU cross-zonal intraday electricity market (SIDC) and Intraday Capacity Services (ICS) to develop a unique solution that provides Swiss market participants a single view of the Swiss intraday market. The solution integrates with Yuso’s and Romande Energie’s internal systems to allow for ‘Straight-Through-Processing’ (STP) .
Romande Energie portfolio managers are now able to see quotes and click and trade on Swiss intraday power with automated deal capture, trade confirmation, nomination and settlement through Yuso’s existing services. The solution offers full trade status throughout the execution process, controls around partial fills and limit order management.
With the increasing share of renewable electricity generation, intraday portfolio management and trading will become more and more important in the Swiss market. Yuso and Romande Energie now seek to open the platform to other Swiss market participants, which, like Romande Energie, are seeking to access a liquid platform for Swiss intraday power with streamlined intraday trading processes.
Bart Pycke – Managing Director Yuso noted, “we were looking for a custom-built platform, to extend our existing service offering, that required speed and flexibility. We opted to partner with Igloo so that we could leverage their existing execution technology and technical and market expertise”
Axel Spahr – Senior portfolio manager at Romande Energie outlined that “the integrated service Yuso now offers us in terms of accessing liquidity in Swiss intraday market in one automated platform simplifies our trading operations.”
FOR MORE INFORMATION
For more information on the Swiss intraday trading platform service, please contact Yuso at email@example.com
Yuso integrates renewable and sustainable energy sources into the existing markets. By focusing on decentralized energy production, companies can manage their own energy consumption and injection in a flexible manner. Yuso’s goal is to accelerate the market integration of renewable production technologies. Yuso offers tailored Power Purchasing Agreements (PPA’s) to producers of renewable power with Solar-, Wind- or Biomass capacity connected to the distribution grid, based on the concept of a “virtual power plant” that groups a cluster of distributed generation installations.
ABOUT ROMANDE ENERGIE
Romande Energie Group is the leading supplier of electricity in Western Switzerland and a mainstay in the Swiss energy industry. It offers a wealth of sustainable solutions for the distribution and generation of electricity, and in energy services, energy efficiency and electromobility.
All its generation assets are driven by renewable sources of energy. Additionally, it is working hand in hand with customers, investors and employees to provide ever-better standards of living through innovative services and a commitment to corporate social responsibility. Romande Energie is dedicated, day in day out, to offering high-grade services and security of supply, just as customers expect, as well as supporting them in transitioning to more sustainable forms of energy.
For more information on Romande Energie Group, visit www.romande-energie.ch
Igloo is an energy trading and risk management platform engineered to meet the needs of traders operating in today’s European 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.
Contact Igloo at firstname.lastname@example.org or visit www.iglootradingsolutions.com