E-world Energy & Water is the must-attend gathering for market participants and suppliers to meet and discuss the challenges of the European energy industry. Pioneer Solutions EMEA did exactly that, joining 20,000 exhibition and congress visitors to learn about the challenges and innovative approaches to unlocking the much sought after European energy market flexibility and demand response.
Held in Essen, Germany, this well-organized trade fair offered several conferences whose aim was to examine the future of the European energy industry with international experts from the political and economic fields, among others, addressing the international electricity and gas markets.
Topics included the capacity market, power supply security, the emissions trading scheme, intraday power trading and a power market design for trading. Europe has a highly regionalized power/gas market with corresponding regional rules, communication and data standards. In addition, Europe is rolling our REMIT and EMIR regulations, compelling wholesale bilateral and exchange-traded deals to be reported to authorities.
Meanwhile, the EU policy for energy transition to renewals has both increased consumer power prices in several areas and lowered prices of fossil-generated power. At the same time, Central and Eastern Europe have shown growth in energy trading, while the Balkan and Turkey may see some liberalization.
Attending E-world is part of Pioneer’s commitment to the close monitoring of these various industry developments. Staying in tune with the latest industry trends allows our dedicated employees to work alongside market participants in order to find next generation solutions to face the cost and profit margin pressures, the need to replace legacy software applications that are no longer capable of supporting new environments and to assist new participants to smoothly enter the market with the right tools.
Visitors learned that Pioneer Solutions delivers energy trading, risk management and settlement solutions designed for today’s energy trading and load serving entities. Its TRMTracker system combines a lower cost of ownership with an innovative approach to business applications. Market participants chose TRMTracker because of its superior ability to model their most complex scenarios, using a template and formula-driven approach, allowing them to operate in the most efficient and cost-effective way. As a result, Pioneer offers a fresh alternative to legacy ETRM systems with reduced development and implementation cost while improving time-to-value. Hope to see you at the next E-world Essen!
About Pioneer Solutions
Pioneer Solutions is a global provider of next generation CTRM, ETRM, environmental management and financial and regulatory compliance solutions. Offering the latest in business processing capabilities with a modern data structure, Pioneer’s products offer the user a configurable environment that allows for customizable templates for STP workflow and user-defined custom formula entry. Serving some of the largest utilities and energy companies across the globe, Pioneer’s flexible solutions are designed for rapid deployment and easily adapt to clients’ unique business processes, model complex trading scenarios and automate business processes.