Press Release

Openlink Panel Discussion Concludes: Optimization and Hedging Lead Energy Companies' List of Next-Generation Execution Requirement

Change in generation resources and demand response drive industry to seek new sources of revenue

New York – July 30, 2012 – Openlink Financial LLC (Openlink), a leading provider of commodity/energy trading and risk management (C/ETRM) software solutions, released findings following a recent energy industry event titled, "Executing to the Optimal Answers: Getting to the Next Level of Performance." Featured panelists included IDC Energy Insights Vice President Jill Feblowitz.    

Registrants noted their top concerns as: reducing the cost of legacy ETRM solutions and planning (36%); improving analytics and portfolio decision-making (32%); and integrating optimization and forecasting into their execution requirements (32%).

Feblowitz had these recommendations for participants during the event:

  • Refresh Hedging Strategies: Understand your company's corporate strategy and supporting objectives for hedging risk and complying with regulations.  These will evolve over time as markets change.
  • Review Aged Portfolio and Resource Management Solutions: Examine how your company currently uses information technology to support portfolio and resource management. Depending on the age of your existing hardware and software, it may be time to consider a replacement.
  • Consider Benefits of Integrated ETRM and Optimization: Companies that use legacy systems or spreadsheets have the opportunity to reduce the costs of supporting those systems by investing in a suite of applications that integrate energy trading and risk management applications with optimization and forecasting analytics. Even more important is the benefit that integrated suites offer in establishing consistency across the organization.
  • Up the Insight of Analytics: Concentrate on the use of advanced analytics for forecasting, simulation and optimization of physical assets. Take an inventory of your most used resource analytics, but at the same time, query traders, risk managers and planners on what questions they would like to have answered. This will help you develop new analytic routines to uncover opportunities.

Markus Seiser, EVP for Openlink, said, "Now more than ever, technologies that allow companies to optimize portfolio value and strategies in near-real-time will become a key differentiator for firms, especially as they seek new opportunities to grow, optimize and hedge their portfolios. We are pleased that IDC Energy Insights support our ongoing investment and technology roadmap for the U.S. mid-market energy sector, and integrated physical asset optimization."

To learn more about the recent webinar, visit: Executing to the Optimal Answers: Getting to the Next Level of Performance.

About IDC Energy Insights

IDC Energy Insights assists energy businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the utility and oil and gas industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-ei.com, email info@idc-ei.com, or call 508-935-4400. Visit the IDC Energy Insights Community at http://idc-insights-community.com/energy.

Got questions? We will connect you with one of our specialists.

Request a consultation

To learn more about how Openlink Solutions can work to improve ROI and streamline operations in your business, contact us for a free consultation or no obligation demo.

Your privacy is important to us. Openlink will not disclose your email address to any third parties. Please review our privacy policy for details.