Given energy markets’ newfound volatility and the range of exposures that global energy firms must deal with, the reactive, reporting-oriented nature of transaction management practices is in need...
ETRM software is adapting to a changing energy market.
is, and always will, be Xcel personnel.
“Risk analyses are becoming more complex, so companies like ours increasingly are relying on technology,” he says. “But you still need the brain power. In risk management you find a lot of modelers, but they don’t have the utility business background. You need personnel with utility operations experience, people that know how a wholesale system works, who can interpret the data from that perspective and choose the best solution going forward. And that’s never going to change.”