Electricity Central Markets

Green technologies, an increasingly competitive market, the introduction of smart metering and a series of new regulations will all mean a fundamental shift in the way you work. As the industry evolves, the central services that support its operation need to be more efficient than ever. Ensuring fair play, easy entry to market and legally sound practices are paramount. And in a challenging financial market, operators need to make sure that they can demonstrate cost effective business practices.

MARKET CHALLENGES
The electricity industry has never been a more exciting place to be. Developments across the sector are revolutionising the way you work and, as market operators, you are at the centre of this shift.

A valuable role: You need to provide value for money and ensure cost effectiveness from your business processes.

Keeping to the rules: Market rules are constantly under review, and in many countries, you are part way through a liberalisation programme that will mean additional changes to your role. Working smarter: Different customers should be billed differently because it’s a smart world now. You will need to be able to support your providers as settlement moves from estimated consumption to actual consumption.

A changing infrastructure: The future smart grid will create a mountain of real-time information that needs to be managed and interpreted effectively to enable critical decisions in real-time. A harmonised market: Gas and electricity providers will start to operate in a more level playing field, as customers demand consistency in their bills and interactions with all utilities providers. The cost of energy: Governments are under pressure to manage the price of energy to the public,meaning companies that operate across borders need to adapt how they work, depending on the market they are in.

Crucially, during this vast cultural change, electricity providers must keep their businesses running as usual. They will have to operate differently, but more efficiently, and so will you.

THE LOGICA SOLUTION
Logica has been providing the market infrastructure at the heart of competitive gas and electricity markets since 1990. Logica set up and operates the core IT systems and business processes to support competitive energy markets around the world including in the UK, Netherlands, Czech Republic, Australia and the USA. We are the industry experts, with over 40 years experience in the sector and 3000 utilities-focused consultants worldwide. Working with our team, you have access to professionals who understand your challenges and offer fresh thinking to seize the opportunities on offer.

Download PDF (.3mb)