Energy New England Implements ZEMA Suite to Facilitate Behind Certificate Settlement NEISO Data
Richmond, BC, February 21, 2011 − ZE PowerGroup Inc.® is pleased to announce that Energy New England (www.energynewengland.com), has implemented its ZEMA Suite™ enterprise data management software solution to facilitate its risk management and settlement processes as an active participant in the ISO New England.
Energy New England (ENE) is a leading provider of wholesale energy risk management, retail energy supply and demand management services for commercial, industrial and institutional end users, municipal utilities and municipalities, and non-profits.
ENE is using ZEMA to aggregate, standardize and report all forecast, operational and settlement data from ISO New England’s Market Information Server (MIS) for their customer base as well as other information required to analyze and understand the market where their clients operate: day-ahead and real-time pricing/market operations data from ISO-NE, weather forecasts and commodity pricing or drivers from other peripheral markets. ZEMA is also used as the framework to integrate ENE’s front, middle and back office functions as well as facilitating the forecasting, market analysis, reporting and settlement services for ENE. The implementation is a secure, ZE hosted solution, which allows ENE to access several ZEMA components including: Market Analyzer, Data Direct Excel-Add-In and the ZEMA Dashboard.
Tim Hebert, Senior Vice-President Energy Operations at Energy New England, who manages the company’s wholesale energy and power services functions, stated “Our driver for bringing in ZEMA was to replace our incumbent system. We evaluated several data management vendors to ensure that ENE was implementing the solution that best balanced functionality, cost-effectiveness, and professional support” Tim continued “Energy New England manages over 700 MW of load, 500 MW of generation and $300 million in structured transactions annually. Not only has ZEMA helped ENE streamline a number of our work and reporting processes for our clients, we also have a versatile tool that will grow with our evolving needs and are working with a vendor that we can trust.”
Manal El-Ramly, Director of ZE’s Eastern Office commented, “We truly look forward to serving Energy New England over the long-term. ENE’s needs are unique as they are processing monthly settlement data for multiple clients through a single and standardized platform. This relationship has provided us with the opportunity to better understand how we can meet the unique and custom needs of our clients and their customers. The ZEMA Suite was designed to consolidate and standardize any data, however, when you combine market information with your own or client specific data, it truly unleashes your ability to understand your business in the context of the bigger market.”
About Energy New England
Energy New England, LLC (www.energynewengland.com) is a leading provider of wholesale and retail energy services. The company conducts more than $ 300M in structured transactions annually, and has also grown to become the leading provider of conservation and efficiency services for the public power community in the region. ENE’s customer base has grown exponentially over the past few years, and its comprehensive portfolio includes power supply and risk management services, to energy and water conservation services to energy brokering and renewable energy solutions. ENE has customers situated throughout New England as well as other power pools. The company works with an increasing number of utilities, independent power producers, industrial, commercial and institutional facilities, municipalities and non-profits.