Energy Trading System - Manx Electricity Authority |
Trading Database to deliver cost savings for MEA |
Hexatec Systems Ltd, which provides industrial automation software and control room design solutions, has been awarded a contract by Manx Electricity Authority's (MEA) Energy Trading Division to build a bespoke Sequel Server Database that will help it to manage, control and ultimately reduce its trading costs. |
| The project not only entails the automatic collection of huge amounts of
trading, pricing and volumes related information but will also ensure that
the information is deposited within a central relational database.
MEA's main requirements are that the central database is flexible and
intuitive, easily accessible by senior MEA management and facilitates the
generation of accurate and timely business critical information.
Richard Bujko, trading manager at MEA's Energy Trading Division said, "This new database will give us access to real time information to help us operate more proactively. It will also assist us in making informed decisions regarding power flows across the Manx inter-connector cable linked to the UK, which can provide up to 80 per cent of the electricity required to meet the power needs of the Isle of Man's extensive industrial, commercial and residential consumers. The information system will be designed to deliver key up-to-date information such as island electricity demand, generation plant availability and energy prices, so the trading team can make the right decisions about where and what quantities of power to import or export in the short and long term. Crucially, it will drive us to be more efficient when exporting electricity to the UK when prices are high and importing to the island when they are low. We chose Hexatec to do the job following a comprehensive tendering exercise because it has a good track record in terms of delivering high quality systems to other parts of the Generation Division. We are confident that they can provide a seamless transition to the new system." Richard Haycock, director of Hexatec said, "Up until now, MEA has developed systems from scratch, but they have all been based on spreadsheets. More recently, it has moved away from this model to avoid individuals creating their own islands of information that cannot be shared. Our objective is to pull the trading information together so that everyone in the company has access to accurate and timely data". |