EDF Reseau Distribution - ERD - Goes Live On KWI's K2 In Record Time; K2 Allows ERD To Achieve a High Level of Reliability and Performance in Covering French Energy Grid Losses.HOUSTON -- KWI KWI Kuwait, Kuwait - International (Airport Code) KWI Knowledge Worker Infrastructure KWI Konperensi Waligereja Indonesia KWI Kids with Issues (comedy troupe) , the leading provider of trading and risk management software for the global energy industry, today announced that EDF (algorithm) EDF - earliest deadline first. Reseau ré·seau or re·seau n. pl. réseaus or réseaux 1. A net or mesh foundation for lace. 2. Astronomy Distribution, the distribution network operator for Electricite de France, (EDF), the world's largest power utility, has gone live on K2 in record time. ERD made the decision to implement K2 in order to support a successful transition to the fully deregulated French energy market. ERD was created in 2004 tasked with purchasing electricity to cover the natural losses in the French distribution grid. Initially, a sophisticated spreadsheet solution was sufficient to support this process. However, the ever-increasing volume and sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of the transactions involved called for an integrated real-time trading platform. Moreover, this transition to an automated system had to be completed within a very short timeframe. KWI and the K2 system were able to meet ERD's requirements on both fronts. K2 is enabling ERD to automate its business processes and improve operational certainty by consolidating data into a single instance and providing control over, and visibility of, all its trades in real-time. The K2 platform is being used by ERD for short-term balancing and operations, deal capture, invoicing and settlement and Mark-to-Market and Value-at-Risk (VaR). The second phase of the implementation will focus on integrating the K2 platform more tightly with internal and external systems to increase straight-through-processing (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ). K2 has the ability to grow with the company as it becomes more skilled in dealing with its energy purchases in a deregulated market. "Our successful go-live on K2 within a tight timeframe is a major milestone in our short life," said Bruno Nitrosso, Head of the Power Losses Purchase Department, ERD. "This new platform will considerably increase the degree of control and reliability of our operations, enabling us to concentrate our time and effort on improving performance." "We are delighted that ERD opted for KWI to help prepare itself for this important milestone in the French energy market," commented David Bucknall, chief executive officer, KWI. "We are witnessing true momentum in the market for K2; this announcement with ERD marks the second customer to go live on our next-generation trading platform this month." "The strong partnership between the ERD and KWI teams has made this project such a huge success," said Jon Davies, vice president of product management, KWI. "K2 will help prepare ERD to actively participate in the deregulated French energy market and will act as a blueprint for other companies trading in France." About KWI KWI is a leading provider of trading and risk management software for the global energy industry. Developed specifically for global energy businesses, KWI's flagship product, K2, is a comprehensive suite of componentized, integrated applications for multi-commodity trading and risk management. KWI is an international software company with customers in North America, Europe and Asia, including BP, ATEL, Alliant Energy, Energi E2, MVM MVM Merck Veterinary Manual MVM Minute Virus of Mice MVM Market Value Margin MVM Matrix-Vector Multiplication MVM Most Valuable Member MVM MetroCard Vending Machine (NYC transit) MVM Maharishi Vidya Mandir , PacifiCorp, Puget Sound Energy Puget Sound Energy (PSE) is an energy company providing electrical power and natural gas in the Puget Sound region of the northwest United States. It serves electrical power to over 1 million customers in Island, Jefferson, King, Kitsap, Kittitas, Pierce, Skagit, Thurston, and , Tennessee Valley Authority Tennessee Valley Authority (TVA), independent U.S. government corporate agency, created in 1933 by act of Congress; it is responsible for the integrated development of the Tennessee River basin. , Ontario Power Generation Ontario Power Generation (OPG) is a public company whose shares are wholly owned by the Government of Ontario. It is responsible for approximately 70% of the electricity generation in the province of Ontario, Canada [1]. (OPG OPG Ontario Power Generation (Canada) OPG Osteoprotegerin OPG Online Policy Group OPG Oldroyd Publishing Group (UK) OPG Orthopantomography OPG Office of Projects and Grants ), and WPS See Windows Printing System and Workplace Shell. (unit) wps - (Obsolete) Words per second (mostly used for Telex and TWX transmission). Energy Services. More information available at www.kwi.com About ERD EDF Reseau Distribution (ERD) is the EDF distribution network operator. ERD is responsible for: --the global economy of the distribution business --defining and managing policies for operations, investment decisions and network asset development --negotiating and co-signing concession contracts and their extensions --guaranteeing non-discrimination of suppliers in network access and connections matters --relations with all energy regulatory authorities with regard to these missions ERD guarantees non-discriminatory access to the network for all users. According to the French law, EDF and the local electricity distributors are, each one in its own area of service, the distribution system operators in France. More information available at www.edfdistribution.fr |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion