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ENEGEN is ready for opening the wholesale market for prosumers in UK

ENEGEN Power Systems is a UK-based company that offers a diverse range of software tools designed for the UK wholesale and balancing markets. These tools encompass a spectrum of capabilities, from general purpose software capable of replacing cumbersome spreadsheets, to comprehensive solutions tailored specifically for the UK balancing mechanism and nomination tools. Additionally, ENEGEN have recently introduced its innovative ATOM solution, aimed at commercially optimizing critical processes within utility organizations related to intraday balancing and trading.

ATOM plays a pivotal role as a central hub in managing tasks such as production data import from SCADA, balancing market activities, wholesale intraday market operations, taking also into account long-term contracts coming out of the ETRM system. This tool is truly unique in the market and addresses the growing complexity of intraday and day-ahead activities for traders. Real-time optimization, utilizing renewable production data, real-time market prices, and trading portfolios, is further enhanced by seamless integration with EPEX SPOT, ELEXON, and the Balancing mechanism.

Despite the advantages likely offered by ATOM, the most popular solution within ENEGEN’s portfolio remains GENSTAR4. This tool is designed for scheduling, balancing, and market communication, catering to both behind-the-meter and in-front-of-the-meter balancing.  This preference may change due to expected regulatory changes. The necessary legislation allowing VLPs and AMVLPs (Virtual Lead Parties and Asset Metering VLPs) to participate in wholesale market trading is not yet in effect, though it is expected to come into play in the next few months. Presently, VLPs can engage in the balancing mechanism and balancing services and capacity market, but not in the wholesale market.

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Participation in the wholesale market will empower VLPs to leverage their flexibility more efficiently, pushing the need for software tools to optimize this newfound flexibility. ENEGEN is well-prepared for this imminent market shift and anticipates a high demand for software solutions like ATOM and Quasar. Quasar represents a new SaaS solution for real-time access to UK Balancing Mechanism market information. Quasar automatically retrieves and consolidates Balancing Mechanism market data, presenting it in a user-friendly visual format and associated tabular lists. Pertinent data and forecasts can be accessed either via API or through downloads, facilitating their integration into trading algorithms or optimization systems like ATOM.

The opening of the wholesale market for VLPs is a significant development for the UK industry, set to intensify competition among market participants and among the behind-the-meter software solutions that those participants will require. Software companies like ENEGEN are fully prepared to rise to this challenge.