OATI Provides APS With Comprehensive Platform for Trading and Risk Management

Arizona Public Service Company (APS) turns to Open Access Technology International, Inc. (OATI) for a one-stop, integrated commodity trading and risk management system.

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Minneapolis, MN (PRWEB) March 20, 2014

OATI is working with APS to deploy a comprehensive Energy Trading and Risk Management (ETRM) software solution, including deal capture and entry, scheduling, accounting, and risk management capabilities. As the premier software solutions provider in the North American energy industry, OATI will deliver a unique solution to help APS streamline its business processes. By utilizing a single solution for their most critical operations, APS, the largest electric utility in Arizona, will gain operational redundancy and transparency, as well as the ability for multiple business units within the organization to access the same material at the same time.

Avoiding inaccuracies in energy trading portfolios that can produce severe consequences is the reason APS is especially excited about implementing OATI webRisk, a comprehensive market and credit risk solution for assessing, hedging, and modeling risk. Based on a two-factor price mean reverting model with an added seasonality function, OATI webRisk is designed specifically for the energy trading market. The solution also features OATI webTrader, a comprehensive trading platform for energy, and OATI webFinancial, a tool for managing forward exposure in financially oriented commodity markets. These integrated applications will equip APS with a full ETRM system that covers front, middle, and back office needs.

“The opportunity to work with APS, a solid organization in every way, to provide a fully comprehensive ETRM solution with financial trading, risk, scheduling and settlements, is a blueprint for other utilities to follow in their efforts to maximize performance and value while minimizing risk,” said Sasan Mokhtari, Ph.D., President and CEO of OATI.

The OATI—APS ETRM project is scheduled to go live in September 2014.

APS, Arizona’s largest and longest-serving electricity utility, provides retail electricity service to nearly 1.2 million homes and businesses in 11 of the state’s 15 counties.

OATI provides innovative software solutions that simplify, streamline, and empower the operational tasks required in today’s energy commerce and Smart Grid. With more than 1,300 customers in North America, OATI successfully deploys large, complicated, and diverse mission-critical applications committed to industry standards and stringent NERC CIP guidelines.

OATI (http://www.oati.com) is a leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, and Market Management products and services. OATI is headquartered in Minneapolis, Minnesota, with an office in Redwood City, California. For more information, please contact sales(at)oati(dot)net.


Contact

  • Jessica Santos
    Open Access Technology International, Inc.
    763-201-2000
    Email