GSA GROUP SELECTS ALLEGRO FOR ENERGY TRADING AND RISK MANAGEMENT

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Posted By Gbaf News

Posted on October 22, 2013

GSA GROUP SELECTS ALLEGRO FOR ENERGY TRADING AND RISK MANAGEMENT

Albanian energy company to manage its expanding power trading business with Allegro 8

GSA GROUP SELECTS ALLEGRO FOR ENERGY TRADING AND RISK MANAGEMENT

Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, has announced that GSA Ltd. has selected the Allegro 8 platform to manage its power trading operations.

GSA is specialized in power trading and power supply in Albania and adjacent South East European (SEE) markets. As one of the most active market participants in the Albania Energy Market, GSA operates in close co-operation with international partners and has contributed essentially to the development of the wholesale and cross-border electricity market in Albania.

GSA initiated a project to replace its spreadsheet-based solution, which was unable to meet the needs of the company’s expanding business in the Balkan region. GSA selected Allegro as they needed a robust solution that provides transparency from front to back office, and supports both transactional growth and power logistics.

“We were looking for a platform to help us manage growing trade volumes and expansion into regional markets”, said Agron Shapllo, General Manager of GSA Ltd. “Allegro’s technology offers a comprehensive energy solution that rationalises critical business operations. With Allegro we will have the detailed position analysis, effective risk control, process efficiency and flexibility we need to support our business growth.”

Replacing spreadsheets and manual processes with a single integrated solution will provide GSA numerous business benefits:

Eliminate infrastructure-related limitations of business activities
Increase productivity by eliminating redundant data entry/verification processes
Streamline processes from trade capture through billing
Increase flexibility of and improve visibility for reporting
Enable scalability and extensibility of the platform as the company grows

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