Italian power giant selects kW3000™ for front to back office trading and risk management operation.
ROME, 24 April 2001. KWI, the world’s leading supplier of enterprise-wide trading and risk management systems for the energy market, has won a substantial contract to supply kW3000™, its flagship product, to Enel’s trading and distribution arm.
Enel Trade, part of Europe’s largest electricity company, will take full advantage of kW3000™ front to back office integration by using the product to handle trading, risk management and back office operations. Enel Trade, which deals with around 22 TWh a year, has bought a 16-user licence from KWI, with an option to increase this to 30 users.
Enel Trade plans to integrate kW3000™ with an SAP system for billing, and with an in-house intranet application for deal capture.
This major contract is the latest in a long list of new clients for KWI in Southern and Central Europe, which will be supported from the company’s regional office.
“Europe is one of the most exciting markets for KWI at the moment,” said Thomas Briggs, KWI’s European regional manager. “We beat all our major competitors for this contract with Enel, which marks us out as the leading trading and risk management player in the region.”
Founded in London in 1993, KWI now has offices all over the world, including Houston, San Francisco, Stockholm, Sydney and Singapore. Its headquarters and development centre is in London. The company has built up significant global customers, including many of the biggest names in the energy industry. More than 1.5 billion MWh are managed using KWI’s software.
kW3000™ is a suite of applications designed to manage risk and trading in the rapidly changing electricity and multi-commodity energy markets. Using kW3000™, changes to the native load and generation assets are integrated with the trading book to give traders a clear, real-time view of Profit at Risk, a key performance indicator in the KWI risk methodology.
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