Competitive Energy Markets Fuel Growth; Energy Services Group Currently in Production with Over Sixty Trading Partners.Business/Technology Editors PEMBROKE, Mass.--(BUSINESS WIRE)--Jan. 16, 2001 The rapidly expanding deregulated energy markets have created an immediate need for experts managing the complex data transactions in the ever-changing competitive environment - ESG's Conduit(TM) is meeting this challenge. As of January, 2001, Energy Services Group, (http://www.EnergyServicesGroup.net) the leading eCommerce and application service provider for the deregulated energy market, is supporting over sixty energy trading partners in thirteen states. As deregulated energy environments start to heat-up; entrants into this multi billion dollar market are scrambling to put the complex transaction and communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. in place to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. early entry into the deregulated energy markets. Jay LeDuc vice president of Energy Services Group said, "The Energy Services Group service model provides a proven, easy, and cost effective entry into deregulated energy markets. It's proven itself time and time again, from Maine to California. Testing and certification is required for each competitive supplier and is specific to each state's regulatory standards, we take our clients through the complex testing and certification process which is their first major step in new market entry and then operate their back offices on a daily basis. We offer our clients access to major deregulated energy markets in 60 territories across the country." ESG ESG Enterprise Strategy Group (Veritas) ESG Emergency Shelter Grant (Florida, USA) ESG Expeditionary Strike Group ESG Electronic Service Guide (used in DVB) provides critical eCommerce functionality for deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. participants by providing back office EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and trading partner management services to many of the nation's largest competitive suppliers and distributors of electricity and natural gas. Certified trading partners include the electric distribution companies: Allegheny Power, Bangor Hydro, Conectiv Power Delivery, FirstEnergy and GPU GPU: see secret police. (Graphics Processing Unit) A specialized logic chip devoted to rendering 2D or 3D images. Display adapters contain one or more GPUs for fast graphics rendering. Energy, JCP&L, Mass Electric, PECO PECO Países da Europa Central e Oriental (Portugal) PECO Philadelphia Electric Company PECO Public Education Capital Outlay PECO Pelagic Cormorant (phalacrocorax pelagicus) Energy, Penn Power, PEPCO PEPCO Potomac Electric Power Company (Washington, DC, USA) PEPCO Pakistan Electric Power Company PEPCO Professional Electric Products Company , PP&L, PSE&G, and Southern CA Edison. ESG currently supports data exchange processes in Pennsylvania, Delaware, Washington D.C., Massachusetts, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , Connecticut, Maine, Maryland, California, New Jersey, Virginia, Arizona, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , and Ohio. LeDuc says, " The next big one is Texas - we'll be ready when the markets opens and anticipate bringing several of our existing clients right along with us." "ESG's service model has matured in concert with the progress of deregulation," Nate Owen, ESG's president and founder, said. "We automated the first deregulated transaction in the Rhode Island pilot program back in 1997, and we have evolved our services to meet the demands of each competitive market as it develops and opens for retail competition. We have rigorously tested and proven our model, having gone through the experience of participating in emerging deregulated markets across the country." ESG provides eCommerce and EDI services in the outsource model, providing higher service levels at a lower cost and a lower risk than other, less flexible, business models. "By participating in ESG's energy trading communities, energy supply companies can mobilize our existing trading networks to take advantage of new market opportunities," Owen said. "It really does not make sense for energy companies to invest in the e-commerce infrastructure required to operate in competitive markets, especially in light of the rapidly changing regulatory environment, which has characterized the deregulation process across the nation," he explained. "Outsourcing with ESG lets the client concentrate on their core business and enables them to gain a competitive advantage in market entry." About Energy Services Group ESG, an Application Service Provider, provides data transaction services tailored to meet the specific requirements of participants in the deregulated natural gas and electricity markets. Utilizing state-of-the-art eCommerce platforms, processes and systems supported by experienced professionals, ESG enables its clients to successfully enter and compete in the rapidly evolving and complex deregulated energy markets. For more information contact: Energy Services Group Jay LeDuc Vice President Sales and Marketing 802-862-8753 jleduc@energyservicesgroup.net www.EnergyServicesGroup.net |
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