Trading Database to deliver cost savings for MEA
Hexatec, which provides industrial automation
software and control room design solutions, has been awarded a contract by
Manx Electricity Authority's (MEA) Energy Trading Division to build a
bespoke Sequel Server Database that will help it to manage, control and
ultimately reduce its trading costs.
The project not only entails the automatic collection of huge amounts of
trading, pricing and volumes related information but will also ensure that
the information is deposited within a central relational database.
MEA's main requirements are that the central database is flexible and
intuitive, easily accessible by senior MEA management and facilitates the
generation of accurate and timely business critical information.
Richard Bujko, trading manager at MEA's Energy Trading Division said,
"This new database will give us access to real time information to
help us operate more proactively. It will also assist us in making
informed decisions regarding power flows across the Manx inter-connector
cable linked to the UK, which can provide up to 80 per cent of the
electricity required to meet the power needs of the Isle of Man's
extensive industrial, commercial and residential consumers. The
information system will be designed to deliver key up-to-date information
such as island electricity demand, generation plant availability and
energy prices, so the trading team can make the right decisions about
where and what quantities of power to import or export in the short and
long term. Crucially, it will drive us to be more efficient when
exporting electricity to the UK when prices are high and importing to the
island when they are low.
We chose Hexatec to do the job following a comprehensive tendering
exercise because it has a good track record in terms of delivering high
quality systems to other parts of the Generation Division. We are
confident that they can provide a seamless transition to the new
system."
Richard Haycock, director of Hexatec said, "Up until now, MEA has
developed systems from scratch, but they have all been based on
spreadsheets. More recently, it has moved away from this model to
avoid individuals creating their own islands of information that cannot be
shared. Our objective is to pull the trading information together so
that everyone in the company has access to accurate and timely data".