Resolved the discrepancy between the P&L that was forecasted Intra-Month versus Actuals. Diagnosed the causes and provided effective solutions that resulted in a 25% reduction on the variance.
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, one of North America’s largest power producers, was in the midst of a corporate merger with another large power producer. Our client needed to integrate the acquired company’s ETRM system (Endur®) into our client’s ETRM system (Zainet®/Aligne™).
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.