Do you want to spend more time on your trading, ancillary strategy and price setting?
Do you seek to maximise the value from your flexible assets?
If yes, PowerDesk EDM is the ideal upgrade for you.
PowerDesk edm
Born from research conducted by the world-renowned Institute for Energy Technology in Halden and supported by a strong Nordic customer base, PowerDesk Energy Data Manager (EDM) has evolved to be a market leading power trading platform for the region today.
PowerDesk EDM helps enables traders to seize intraday opportunities quicker through intelligent visualisations of positions, market prices and assets. The solution is compliant with the Nordic Balancing Model (NBM) roadmap and supports bidding in 15 minute intervals.
Born from research conducted by world-renowned Institute of Energy Technology in Norway and supported by a strong Nordic customer base, EDM has evolved to be a market leading power trading platform for the region today.
Closely aligned with market changes within the Nordic Balancing Model, Nordic energy trading participants can access a wide breadth of capabilities from scheduling, trading, production planning, back office and settlements all in one solution.
Nordic Balancing Model
Adhere to 15-minute imbalance settlement periods
TSO communications compliance
Automate scheduling processes to meet deadlines set by the Transmission System Operators Svenska Kraftnät, Energinet, Fingrid and Statnett to avoid incurring penalty fees
Streamline bids on day-ahead, intraday and reserve markets including FCR, aFRR and mFRR
Achieve straight-through processing of trades on Nord Pool, Elspot and Elbas
More informed and timely decision support (time series data analysis)
Run advanced time series calculations on large volumes of complex data to identify trends and irregularities quickly
Covers time series data management for trading, production and metering data
Power production efficiency gains
Plan power production schedules quickly with real-time feeds of the latest weather forecasting data from external sources
Model power purchase agreements to evaluate the impact of different pricing options on the generation assets’ output
Reduce operational risk with real-time views of key metrics such as imbalance costs, P&L, actual production and consumption values.
Customer billing and back office efficiency gains
Process, manage and distribute large volumes of meter data efficiently for more accurate customer billing.
Secure payments quicker with automated invoicing and settlement processes (including tailored electronic invoicing standards such EHF
In this paper, we introduce the concepts of flexibility trading in short-term power markets and explain how markets are evolving.
