Tricks of the trade

The energy trading industry has changed dramatically in recent years with the advent of renewable energy sources and the global energy crisis, leading to more volatile and complex markets. This leaves organizations with no choice but to adapt to stay competitive. The Hungarian subsidiary of Spanish Audax Renovables recently took this step forward by adopting our Trader Suite in the Amazon Web Services (AWS) cloud. We are proud to announce they decided to turn to us for updating their trading processes to fully digital, data- and event-driven automation to face the challenges of this ever-changing market.

Audax is an independent energy group for integrating the production of renewable electricity with the commercialization of power and gas. They are a leader in the SME segment in Spain and they pride themselves on guaranteeing efficient supply of the Hungarian energy market through a vertical integration process with renewable generation. They now manage one of the largest electricity portfolios in Hungary and with a strong financial position, they are prepared to lead the energy transition all over Europe.

Trading in the cloud

Automating trading processes can greatly benefit organizations by increasing efficiency, reducing operational costs, and improving decision-making capabilities. For this purpose, our cloud-based energy trading software, Trader Suite, offers a comprehensive range of features to stay agile in the face of market fluctuations. The ability to manage trading portfolios and automate position management, combined with its flexibility to adjust services for market needs, allows organizations to simply make the most of their energy trading operations.

"The cloud-based Trader Suite is significantly contributing to our trading. Its adaptability and automation capabilities have enabled us to stay on top in a rapidly changing industry. The value of modern, flexible trading systems cannot be overstated, and we are grateful for Navitasoft’s expertise and support”
- Tibor Fejes, Managing Director of Audax Renewables Kft.

The Trader Suite will comprehensively manage Audax Renewables' trading portfolio and automates its position management with the following features:

• The software is flexible, allowing customers to define their own workflows and automate intraday, day-ahead, and long-term trading activities, while also supporting active retail portfolio management. The software also provides a full overview of the retail network topology, cross-border capacities, and metering data required for daily operations.
   
• The end-to-end automation includes data exchange with system operators, such as scheduling with the power transmission system operator or meter data access from distribution system operators. Trader Suite also includes an integrated price curve and pricing formula editor, enabling automated work with input data sources from various energy exchange prices and products, as well as foreign currency rates.
   
• The Settlement module of the software calculates the energy quantities and product prices based on fixed purchases and sales during the settlement period. Settlements are generated for wholesale partners and consumers, and accounting data can be exported to Excel or linked to a billing system.
   
• Using cloud technology for energy trading operations offers significant advantages over traditional on-premises solutions. Trader Suite provides a cost-effective, secure, and highly available platform that can seamlessly scale and expand features.
   
• Audax Renewables is now able to create custom reports for internal use, thanks to the suite's data access ecosystem that supports REMIT data provision. The software's rich API framework and AWS cloud infrastructure offer flexibility to adjust services for market needs, high performance, and seamless scalability.

The onboarding process to the Trader Suite Cloud at Audax Renewables included thorough parametrization, key user training, and ample time for testing and training on all end-to-end business processes before going live. We welcome Audax Renewables to the Trader Suite Cloud users and look forward to supporting their energy trading needs in the future.