Butte, Montana-based Highland Energy LLC has chosen Triple Point Commodity XL for Power and Gas to handle its energy commodity trading and risk management, as well as Triple Point Power Scheduling ‘Visual Cockpit' to manage its physical power scheduling and logistics.
“Highland went from contract signing to full production in three months because of our 'Quick Start' program," said Michael Schwartz, chief marketing officer, Triple Point Technology. "Since we have introduced the Quick Start program, several clients have achieved full production in less than four months including Lehman Brothers, Bear Stearns and Macquarie Bank.”
“Highland Energy required a sophisticated, real-time, next-generation software system that manages and executes accurate, high-volume trades and schedules, and Triple Point delivered that,” said Bryan Bradshaw, president of Highland Energy LLC. “In addition, Triple Point’s Quick Start program enabled us to get up and running in the aggressive time frame that we required.”
Triple Point Commodity XL for Power allows generators, traders, marketers, utilities and other participants in global physical and derivative power markets to gain unprecedented control over their global trading operations. It enables straight-through processing from pricing and trade execution to physical transmission scheduling, generation dispatch and financial settlement. The system’s risk management and modeling functions also enable clients to monitor, measure and control all aspects of power market risk (price, load, volumetric, outage rates, credit, delivery) in a real-time environment, thereby maximizing returns from generation and load portfolios.