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Viridian Implements NewEnergy's MarketManager(R) to Manage Operations in Single Electricity Market

Posted on: Tuesday, 5 February 2008, 09:01 CST

NewEnergy Associates, a Ventyx company, today announced that leading Irish energy business Viridian Group Limited (Viridian) has successfully implemented NewEnergy's MarketManager® solution to support its operations in the new All-Island Single Electricity Market (SEM). The SEM, which went live on 1st November 2007, is a new wholesale trading arrangement based on the gross mandatory pool approach. Viridian rolled out NewEnergy's comprehensive operations management system to ensure accuracy, reliability and efficiency in energy trading data management and messaging with the Single Market Operator's central systems.

NewEnergy worked in collaboration with IBM Global Business Services to manage and fully deploy the MarketManager software for Viridian, who are utilizing the software to manage SEM market messaging, energy trading data and related business processes. As a result, personnel across Viridian now have facilities to support efficient, reliable and auditable management of complex operations processes, across front-, middle- and back-office trading functions.

"Viridian's experience with NewEnergy Associates has been extremely positive, and the successful go-live has simply confirmed our view that we made the right choice," said Caroline Murphy, GM Group Technology. "Everyone we have had contact with within the organisation has been extremely professional and easy to do business with."

NewEnergy has played a leading role in promoting an All-Island electricity market in Ireland (www.allislandmarket.org), working with multiple clients to support the challenging transition to the SEM. The company has provided strategic solutions to Viridian for several years. RetailOffice®, a companion product to MarketManager, was implemented in 2003 to facilitate the management of customer load profiling and forecasting and to support energy scheduling activities.

As noted by NewEnergy and Global Energy Decisions General Manager Deane Price, "This implementation represents NewEnergy's fourth system on the Island, a true testament to our solid customer relationships and our proven SEM system functionality. As our clients meet new challenges in the evolving Irish electricity market, as well as in markets across Europe, our solutions will continue to evolve to meet those challenges."

About Viridian Group Limited

Viridian Group, the Irish energy business, owns Energia, Huntstown Power, Northern Ireland Electricity, NIE Energy and Powerteam Electrical Services. The Group has a turnover of circa £1 billion / €1.5 billion and employs around 1,500 staff. Viridian's strategy is strongly focused on Irish energy market, maximizing the efficiency of its regulated electricity infrastructure in Northern Ireland and growing an integrated energy business in the competitive market across Ireland.

About NewEnergy Associates, a Ventyx Company

NewEnergy Associates, a Ventyx company, has established itself as a leading global provider of true end-to-end energy IT and consulting solutions for decision support and energy operations, from the plant operator to the corporate officer. NewEnergy has been specializing in the development and support of integrated business applications for more than 30 years, with clients worldwide in electric and natural gas utilities, energy trading and retailing, power generation and project development, transmission, as well as state and national governments. To learn more about NewEnergy, please visit www.newenergyassoc.com.

Source: Business Wire

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