Austria energy major picks Allegro 8

LONDON, UK: Allegro Development Corporation, a provider of energy trading risk management (ETRM) software, announced that KELAG - Kärntner Elektrizitäts-Aktiengesellschaft has decided to implement the Allegro 8 platform to manage its power, natural gas and certificates trading operations at its corporate headquarters in Klagenfurt, Austria and at its Slovenian subsidiary Interenergo in Ljubljana.

KELAG required a fully integrated system to replace its legacy IT infrastructure to streamline operations, tighten controls and increase efficiencies across the enterprise for power generation, retail and trading business processes, as per the announcement.

"KELAG needed a robust and proven platform as a foundation to manage all of the business activities around energy trading and risk management, as well as a reliable partner through the implementation and beyond," said Dr. Alfred Fürst, Risk Controlling at KELAG. "We expect Allegro to deliver strong support for all areas of energy trading, operations, and risk management. With Allegro, KELAG is looking forward to a partnership to facilitate our current activities in energy trading, and to confidently address future requirements."

The KELAG group, as added, is one of the leading energy service providers in Austria. Subsidiaries of the group are actively engaged in the fields of electricity, district heating and natural gas.