Allegro and Adapt2 Solutions Enable Insight for Greater Profitability in Deregulated Power Markets

Allegro Development Corp. and Adapt2 Solutions have formed a joint sales, marketing and product alliance.

According to a media release, merchant power generators, utilities, cooperatives, and retailers doing business in deregulated North American electricity markets are required to interact with Independent System Operators ("ISOs"). "Interactions with ISOs are complex," said Mark Hill, VP of Sales, Allegro. "There are bids and offers to be submitted for each successive business day for the day ahead market, real time trading for the day at hand, and settlement which ultimately determines whether the participant reports a profit or loss.

"Allegro has long considered the addition of ISO interaction management capabilities to its suite of energy trading and risk management (ETRM) applications. The added insights into cost of goods sold, market positions and risks are a strong compliment to Allegro's core value proposition to our customers," said Hill.

"Our longevity in the business has afforded us the opportunity to assess the capabilities of every ISO bid/offer and settlement product in the space, as well as the required implementation and support effort, and total costs. Most importantly, we've assessed the strategies and trajectory of each of the respective companies behind the products. It's not only about where these products and companies are today but also where they are going," Hill said.

"Integrating with our customers' existing systems is required in every deployment," explained Adapt2 Solutions Founder and CEO, Francisco Diaz. "Typically this means a trading and risk system. At this point, we've had the chance to collaborate with multiple vendors in the space. We experienced the perfect marriage with Allegro, we're both built on a .Net frameworks, our software is friendly, and most importantly we share a passionate commitment to the success of our customers."

Adapt2 provides enterprise level software solutions.

Allegro is a provider of commodity value chain and risk management (CVCRM) software for power and gas utilities, refiners, producers, traders and commodity consumers.

((Comments on this story may be sent to [email protected]))