MidDel analyzed a client situation focused on inaccurate credit reporting. Our consultant repaired their systems, first by diagnosing the issues and then developing a plan to re-engineer the credit reporting process.
VaR re-implementation involved capturing FTR positions as part of the existing risk portfolio. Our consultant used their experience and business knowledge to calculate undiversified and diversified VaR, and liaised between the Client and Vendor to automate a Value at Risk (VaR) process within the application.
Our client, a West Coast energy utility company, who serves a significant number of natural gas fired power generators and local distribution companies, had difficulty closing their books the prior year due to corrupt storage nominations and schedules.
MidDel Consulting was approached by a Northwestern Power and Gas utility to assist in upgrading the OpenLink Endur Energy Trading and Risk Management (“ETRM”) system, from version fourteen (“v14”) to version seventeen (“v17”), amidst significant market volatility and with an aggressive delivery window required to beat the end-of-year blackout period for any system changes.
Following the re-implementation of the Allegro ETRM system for trading refined petroleum products, our client was then tasked with a second phase of the project to capture physical natural gas trading activity including trade entry, scheduling, actualizing, and invoicing.