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Swiss company to use Volue platforms for auction bidding and intraday trading Software provider Volue has won multiple contracts with Repower, under which the Swiss energy outfit will use the former’s Ancitra, Auction Bidding and Volue Algo Trader Power platforms. The software will support Repower’s flexible hydropower plants for auction bidding, continuous intraday trading on EPEX, and for ancillary service bidding to the Swiss TSO Swissgrid. The deal illustrates the continued growth of Volue across Europe, it said. Its software suite is now being used to cover comprehensive production planning and automation processes across the continent, delivering software solutions for different companies operating within varying markets, the company added. Repower operates along the entire electricity value chain, from generation and trading to distribution and sales. It manages an electricity grid with a total length of around 3000km, making it the largest distribution grid operator in the canton of Grisons (Switzerland). The company has more than 650 employees across Switzerland and Italy, with an energy production portfolio comprising hydro (pictured), wind, solar and thermal, as well as long-term contracts with nuclear holding companies. “The use of Ancitra, Volue Algo Trader Power and Auction Bidding will support Repower to enhance automation, streamline activity, and take full advantage of power plant flexibility in multiple markets, reshaping operational activity in the process,” said Volue chief executive Trond Straume. He added: “This deal perfectly illustrates that due to the continuous rise of liquidity and volatility in short term markets, even experienced market leaders like Repower identify Volue as the perfect software partner to automate processes and extract the full value of their flexibility.” Repower’s head of trading, origination and IT Dario Castagnoli added: “Volue will enable us to fully leverage our flexible asset park, enhancing Repower’s participation in continuous trading and balancing markets, and streamline our bidding process.” |
