Tag: Czech Republic

2017 CTRM Software Sourcebook Released

Houston, TX, USA and Prague, Czech Republic, July 24th 2017. Commodity Technology Advisory LLC (ComTech Advisory), the leading analyst firm covering energy and commodity trading and risk management (E/CTRM) technologies, has released the 2017 Sourcebook of CTRM Suppliers and Software (CTRM Sourcebook). Featuring coverage of 35 products from 30 different vendors, the CTRM Sourcebook will be an invaluable tool for those seeking to build a long list of potential solutions in the E/CTRM Software arena. ComTech Advisory’s CTRM Sourcebook is designed to be a useful and usable resource to help those seeking information as to the capabilities and coverage of... continue reading

2017 CTRM Conference Unveiled

Commodity Technology Advisory LLC teams up with Synergy to Deliver 2017 CTRM Conference Houston, TX, USA and Czech Republic, July 20th 2017. Commodity Technology Advisory (ComTech), the leading analyst firm covering the energy and commodity trading and risk management (E/CTRM and Commodity Management) technologies markets, announces that it will be hosting the 4th annual CTRM Conference in Amsterdam on October 5th, 2015 in partnership with veteran Conference organizer, Synergy, and its E-Mart Energy and Utility Week events. The CTRM Conference, a unique 1-day event focused on the $1.6billion E/CTRM and CM software category, brings together end users, service practitioners, and... continue reading

ProCom Broadens its Focus on Europe

ProCom is a German company that offers both consultancy and IT tools throughout the energy value chain from production to trading. With over 100 employees, ProCom’s headquarter is in Aachen with one subsidiary in Berlin, Germany. Until recently, its focus has been on the German market, as is the case for most other German power industry consulting companies. In the last few years however, ProCom has started to broaden its focus aiming at both Europe-wide coverage and Asia. I recently spent some time talking with Richard Plum of ProCom about the company and its IT solutions and how they are... continue reading

ProCom and Deloitte cooperate to provide services for power plant optimization

Aachen, 27 June 2017 – From now on the global consulting company Deloitte and its offices in the Czech Republic and the Aachen-based company ProCom will be offering joint services for power plant optimization in the European Market. For operators of power plants, optimization means that their facilities can be used more economically and they as operators benefit from greater transparency over the operating status and financial success of their assets. The aim of optimization is to provide improved marketing of their flexibility in the long and medium-term electricity trading market or in the day-ahead and intra-day sector. The cooperation... continue reading

EEX to launch Central & Eastern European Power Futures in cooperation with the Power Exchange Central Europe (PXE)

EEX May 4th, 2017– EEX will enhance its power derivatives offering by listing Central & Eastern European markets on its platform in cooperation with Prague based Power Exchange Central Europe (PXE) on 15th June 2017. Currently, PXE offers power derivatives contracts for the Czech Republic, Hungary, Slovakia, Romania and Poland which will be migrated to EEX. The transfer of PXE products to the EEX T7 platform opens up new trading opportunities for both PXE and EEX members as they will gain access to the whole range of power derivatives products that is currently tradable on EEX and PXE. Furthermore, this... continue reading

Business trumps politics as utilities back EU deal with Gazprom

By Gederts Gelzis and Alissa de Carbonnel | RIGA/BRUSSELS Some big utilities in eastern Europe are backing a proposed EU antitrust settlement with Russian state gas exporter Gazprom, increasing the chances of a deal that is opposed by countries striving to loosen the Kremlin’s grip over their energy sectors. The provisional agreement, announced last month, would see Gazprom (GAZP.MM) avoid a fine of up to 10 percent of its global turnover over EU charges it abused its dominant market position and overcharged clients in eight eastern European nations. In return the Kremlin’s gas giant, which denies the charges, has offered... continue reading

Trains, Taxis and Dislocation Events

I spent the first part of this week at the SAP Commodity Management Forum in Heidelberg – of which – more next week. There were around 80 people attending and I was pleasantly surprised to find that group included a lot of old friends and colleagues. I was also quite honestly blown away by the number of attendees who told me how they visited this site and how useful they found it. Always good to know that this site is widely read and well thought of in the industry. Traveling from Brno where I live is always a bit of... continue reading

EVRAZ selects Brady to take its raw material purchasing to the next level

BRADY PROVIDES AN INDUSTRY SPECIFIC RECYCLING SOLUTION TO AUGMENT THE POWER OF A COMPANY’S EXISTING ERP SYSTEM (London)  Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, announced today that EVRAZ North America plc has selected the latest version of Brady’s Raw Material Management System, to fully optimize the purchasing process for its steel plant in Pueblo, Colorado. EVRAZ North America Plc is a fully owned subsidiary of EVRAZ (LSE:EVR), the leading global supplier of rails and one of the top steel producers in the world based on... continue reading

A Weekend Drive

This weekend, I took a quick trip out to a small Czech brewery in Dalesice. Czech beer is amongst the finest in the world and is certainly one of many good features about the country I currently reside in. What I hadn’t realized was that the drive would take me by two CEZ generating facilities. The first is a rather amazing site even from a distance with its massive cooling towers spewing so much water vapor in to the air it makes its own clouds. That facility is a nuclear reactor called Dukovny It comprises four pressurized-water reactors of the... continue reading

Is It Really All About The USD?

People that know me well will appreciate that I have little time for politicians and the general media. This last few weeks has confirmed my view regarding the media and politics both. Everyday, I comb the news articles about commodity prices, markets and technologies. It’s made for some interesting reading as the commodities crash gets commented on by a whole bunch of media types who plainly only recently learned how to spell the word. Today – or rather I suppose yesterday, we are led to believe it’s all about the Dollar. Even Mr. Paulsen had something to say about commodities... continue reading

Lack of transparency dims Polish wholesale power market-traders

WARSAW/PRAGUE (Reuters) by Agnieszka Barteczko and Michael Kahn – An uncertain regulatory landscape is crimping development of the Polish wholesale power market, with participants complaining about unpredictable wholesale prices and lack of transparency. This is partly reflected in limited availability of cross-border trading capacity, which traders say keeps wholesale domestic power prices high and boosts local utilities. “The Polish market is strongly regulated,” said Steffen Herkner, head of continental power trading at Vattenfall . “We in trading are bothered by that.” “If, for example, we are in the process of fundamental analysis and then a political component is added that... continue reading

Spreadsheets in Commodity Trading

Alarming New Commodity Technology Advisory LLC Report Released Houston, TX, USA and Prague, Czech Republic, February 6th 2015. A new study from Commodity Technology Advisory LLC (ComTech) finds that spreadsheets continue to be a pervasive tool used in commodity trading firms, despite their well-known shortcomings and high risk profile. This new research report sought to quantify the use and risk of spreadsheets in commodity trading, and the results indicate that more than 90% of the respondents to the research survey indicated they continue to utilize spreadsheets for some portion of their trading activities. “Despite the growing maturity of commercially available... continue reading

Prague power bourse launches ECC clearing for trades

The Prague-based Power Exchange Central Europe launched new settlement services through Germany’s European Commodity Clearing on Monday, a move officials said would cut costs for bourse members and lower margin limits. The deal announced last October gives ECC, a subsidiary of Leipzig-based European Energy Exchange, a foothold in the east European market and will help the Prague exchange increase volumes as it pushes to be the regional hub for power trading. “The new clearing solution will make trading cheaper for PXE members, as they will be able to transact higher transaction volumes with lower capital requirements,” PXE Chief Executive David... continue reading