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Monthly report provides analytics to identify actionable trading & hedging strategies & more granular visibility into the future flow & price of power using congestion analysis & market expertise
Austin, TX (PRWEB) July 01, 2014
Genscapes newest power market analytics service extends the companys analytics and information capability beyond its traditional real-time to short-term focus by now offering market participants a nodal power flow and congestion outlook for the ERCOT Congestion Revenue Rights (CRR) auctions. This new offering combines fundamentals based forecasts with historic data mining and the expertise of Genscapes analyst teams to identify actionable trade paths and hedging strategies without the need for custom software programs or hours of analysis.
For the first time, traders are able to gain visibility in this opaque market to inform their models and hone their analysis efforts, explained Chris Seiple, Managing Director of Power. Our new analytics platform built by Energytics and the resulting service will transform the way ERCOT CRR market participants profit and will open the door for smaller shops to perform better without costly software programs and supporting staff to run it.
The monthly report, along with optional detailed datasets, is delivered before the ERCOT CRR monthly auction opens and contains granular detail on:
the factors driving congestion,
constraints that are likely to bind,
recommended bid pair trades that harvest the constraints,
historical analysis of bid pair trade performance,
and any noteworthy market events to consider.
Energytics tested its analytic platform over a year long period at three hedge funds prior to the acquisition by Genscape. The Nodal Insights platform was making very profitable recommendations prior to the acquisition by Genscape. Were very impressed by how our platform, when combined with Genscapes data and analyst expertise, now performs even better, said Justin Rasberry, a founder of Energytics and now Senior Director of Nodal Insights at Genscape.
Recent enhancements to the service now also allow generators and load serving entities to use the same service to make better hedging decisions. These enhancements include identifying the top 10 constraint risks for each:
Load Zone to Load Zone paths
Hub to Hub paths and
Load Zone to Hub paths
The most recent report, issued to clients on June 2, 2014, is currently available at no cost by visiting http://info.genscape.com/ercot-crr-service-trial.
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain first-mover advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com
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