Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Meralco Selects Allegro's ETRM Solution
  • USA - English


News provided by

Allegro Development Corp.

Jan 04, 2018, 08:00 ET

Share this article

Share toX

Share this article

Share toX

DALLAS (PRWEB) January 04, 2018 -- Allegro Development Corp., a global leader in commodity trading and risk management (CTRM) software, today announced that Manila Electric Company (Meralco), the Philippines’ largest electric distribution company, has chosen Allegro’s cloud-compatible energy trading and risk management (ETRM) solution, Allegro Horizon, to manage market risk exposure in the Philippine Wholesale Electricity Spot Market (WESM).

Recently, Meralco identified the need for a single platform that would streamline their energy trading and risk management processes and provide real-time data on electricity trading in the Philippines. This initiative was driven by Meralco’s mission to continue providing cost effective electricity to its customers while maintaining compliance with its Power Supply Agreement, as well as the Energy Regulatory Commission (ERC) and Department of Energy (DOE) rules and guidelines. Additionally, Meralco wanted to strategically position itself to be better prepared for new WESM electricity spot market rules and technologies, including the forthcoming shortening of trading intervals from one hour to five minutes, as well as the planned inclusion of renewable energy and ancillary services to the market.

With guidance from Indra, a highly reputable global consulting and technology company, Meralco evaluated many energy trading and risk management solutions and determined Allegro’s platform would best suit their needs for efficient deal capture, accurate settlements, and robust risk management.

Prior to selecting Allegro’s solution, Meralco was utilizing a mix of in-house systems, including Microsoft Excel, to manage its trading and risk management processes. Moving forward, Allegro’s cloud-compatible software, Allegro Horizon, will be implemented along with an Indra interface in order to provide Meralco with a trading dashboard of clear reporting and custom view reports in the WESM.

Frank Brienzi, CEO, Allegro Development:
“The joint effort between Allegro and Indra to create a solution specific to Meralco’s needs is a testament not only to our software extensibility and scalability, but also to our strong partnership with Indra. We look forward to the continued strengthening of these relationships throughout the implementation process.”

Ronnie L. Aperocho, Senior Vice President and Network Head, Meralco:
“Meralco’s need for increased accuracy and efficiency in all our supply sourcing processes – including planning, trading, settlements, and risk management – requires a comprehensive and extensible platform. Our partnering with Allegro and Indra through this project will provide us with the necessary expertise and tools to help us streamline and improve our energy trading and risk management processes. This software solution will not only aid us in continuing to deliver cost efficient electricity to our customers while complying with our Power Supply Agreement, ERC, and DOE, but also prepare us for future regulatory rules and guidelines.”

Maria Vidoeira, CEO, Indra Philippines:
“For years, Indra has been working with Meralco on various projects in order to improve the company’s efficiency. The implementation of the Allegro solution for Meralco’s energy sourcing and risk management system will strengthen the partnership between Indra and Meralco. Indra’s comprehensive and deep project experience with Allegro will help Meralco achieve its aim to consistently supply cost efficient electricity to its customers while maintaining compliance to market rules and policies."

About Manila Electric Company:
Founded in 1895, Manila Electric Company (Meralco) is the largest electrical distribution company in the Philippines. Meralco serves 6 million customers in 36 cities and 75 municipalities, including Metro Manila. For additional information about Meralco, visit http://www.meralco.com.ph/.

About Indra:
Indra is a highly reputable consulting and technology companies, the top IT firm in Spain, and the technology partner for the core operations of its clients' businesses worldwide. The multinational company offers a comprehensive range of proprietary solutions and cutting-edge services with a high added value in technology, which adds to a unique culture that is reliable, flexible and adaptable to its clients’ needs.

Indra is a world leader in the development of end-to-end technology solutions in fields such as defense and security, transport and traffic, telecommunications and media, financial services, electoral processes, public administrations and healthcare, and energy. Through its Minsait unit, Indra addresses the challenges of digital transformation. To learn more about Indra, visit http://www.indracompany.com.

About Allegro Development:
Allegro Development Corp. is a global leader in commodity trading and risk management (CTRM) software for power and gas utilities, crude oil refiners, chemical manufacturers, oil and gas producers, agriculture companies, traders, and commodity consumers. Allegro’s software is built to provide users with position visibility, risk management, comprehensive controls, and regulatory compliance. With more than three decades of industry experience, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices while managing complex logistics associated with physical commodities.

Headquartered in Dallas, Allegro also has offices in London, Singapore, Calgary, Dubai, Houston, Jakarta and Zurich, along with a global network of partners. For additional information about Allegro and its capabilities, visit our home page at http://www.allegrodev.com.

Callie Cady, Allegro Development Corp., http://www.allegrodev.com, +1 (817) 627-8801, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.