E.On secured significant savings on balancing energy thanks to portfolio optimization. E.On is Hungary's leading energy provider, servicing nearly two and a half million customers with electricity and over half a million customers in with gas.
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Challenge
Develop and integrate a complex, business-critical system for E.ON’s energy portfolio management and trading processes, involving the largest balance group in Hungary, consisting of circa 30 members, including E.ON.
Solution
Tailor-made PoMS (Portfolio Management System) to replace the legacy spreadsheet model: an automated solution designed to reduce costly errors, enabling the company to properly manage transactions, exposures, risks and regulations on a timely basis.
Results
A clear view of processes and responsibilities, and an efficient trading tool for E.ON’s daily market operations. Extremely fast cost recovery due to enhanced intraday trading efficiency and significant yearly savings on balancing energy.