Berlin, 26 September 2019 – PSI Energy Markets GmbH has completed the implementation of an energy trading system based on PSImarket for the Stadtwerke Duisburg Energiehandel GmbH (SWDU EH). The system has been successfully implemented and replaces the previous solution.
Based on the PSImarket standard modules, contract and portfolio management, schedule registration and nomination, connection to the Trayport trading platform, import of all standard market price quotations and billing were applied, as well as electronic confirmation matching (eCM) and the submission of regulatory reports (REMIT).
The migration of master data from the legacy system was ensured in a user-friendly and efficient way by the standard tools for data import and export available in PSImarket. In addition to the already completed contract data migration, SWDU EH also relies on the web service interface in PSImarket for the further integration of the trading system. After the speedy implementation of the test system, the systems went live according to plan and with parallel operation of the systems.
The energy trading system is the core of the existing system and process landscape for the energy trading subsidiary and is therefore of outstanding strategic importance.
"PSImarket is ideally suited to map further processes close to the core processes in the future. By integrating the web service interface into our existing process chains, we have already been able to significantly increase the degree of automation and will also be able to establish highly scalable process structures in the future," sums up Lars Sünderkamp, project manager at SWDU EH, completely satisfied.
As a flexible and innovative energy trading and service company, Stadtwerke Duisburg Energiehandel is a service partner for municipal utilities and redistributors in Germany. The wholly-owned subsidiary of Stadtwerke Duisburg AG optimises and markets the shareholder's CHP power plant portfolio and EEG plants. In addition, it acts for the group as a central market access point for electricity, gas and CO2 and provides balancing group management services and portfolio management for other customers.
Based on its own software products, the PSI Group develops and integrates complete solutions for optimizing the flow of energy and materials for utilities (energy networks, energy trading, public transport) and industry (mining, metals production, automotive, mechanical engineering, logistics). PSI was founded in 1969 and employs almost 2,000 persons worldwide.