The importance of smart grids and their related technologies is no longer theoretical. Despite the unprecedented heat wave scorching large swaths of the United States, utility companies have been able to prevent outages and handle the intense power demand throughout the lingering triple digit temperatures. Utility execs credit demand response with helping them navigate through the heat wave.
ENER-G Procurement’s new RiskManager software monitors wholesale market prices in real time, automatically tracking, recording and reporting market movements as they happen to support decision making. ENER-G’s analysts work closely with customers to develop a personalised purchasing and risk management strategy and a detailed implementation programme. RiskManager then automatically prompts for action, based on this strategy, helping the analysts to fine-tune each transaction within the constraints of the pre-defined risk limits.