“We are excited to provide this kind of transparency to a vibrant market seeking to increase competition and liquidity.”
London (PRWEB) October 28, 2014
Genscape, the leading global provider of energy data and intelligence for commodity and financial markets, has expanded its coverage in Europe to meet the demands for power flow and generation monitoring in the UK. A complete 360-degree view of UK power transmission and generation is now available via the online Power Real-Time (RT) platform, a map-based service that alerts market participants to changes or trips in real-time.
Using a combination of unique, proprietary monitored data, a standardised view of plant-by-plant Elexon generation datasets, and public generation with outage data, the new service completes the Western European power supply and transmission landscape.
With a comprehensive view of the changing operation of the UK fuel stack, traders and analysts are able to quickly identify unique trading opportunities when they see an ‘apples-to-apples’ comparison across the entire region. This provides the transparency necessary for more effective short term spread trades and the ability to optimise changing fuel pricing differentials.
Covering more than 90 percent of total installed generation capacity across the UK, Genscape will monitor flow rates at 14 strategically targeted transmission lines, providing real-time insight at key transmission points on the Anglo-Scottish border and into the Greater London area.
In addition to transmission data, further monitoring of generation outside the public offering (including large biomass and offshore wind generation) will be provided alongside extensive UMM coverage of planned and unplanned outages across UK utilities, aiding decision making and asset optimisation.
“Genscape’s entry into the UK is the culmination of significant market research and strong demand from our existing clients. The expansion increases our European coverage by 25 percent and will add insight to over 350 power generating unit or transmission points,” said Tedann Olsen, Managing Director of Genscape’s European power services. “We are excited to provide this kind of transparency to a vibrant market seeking to increase competition and liquidity.”
Additional information and free trials of Genscape’s Power RT service are available by visiting info.genscape.com/uk-expansion-launch.
About Genscape
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain a competitive advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com.