Press Releases
AET Goes Live on SunGard's Aligne for Energy Trading and Risk Management
August 3, 2011 — London
AET, a European public electric utility company, has gone live with Aligne for energy trading and risk management (ETRM). Aligne helps streamline the trade lifecycle for AET’s power business, and provides centralized risk monitoring.
AET selected Aligne because of its fully integrated front-, middle- and back-office and bi-directional interface with ERP systems. Aligne includes support for physical power trading, generation management and position hedging, transmission management, price and credit risk management, settlement and invoicing and independent forward curves.
“We were using different systems and time-consuming spreadsheets to manage our cross- border power trading and other various business processes” said Giorgio Tognola, head of trading and sales, AET. “SunGard fully understood our requirements and helped us consolidate our physical positions under one system that seamlessly integrates with our ERP system. Cross border power trading between different countries in Europe can be complex, due to different regulatory requirements and market structure. Aligne helps us trade power more efficiently between Austria, Germany, Italy, Switzerland and France. Finally with Aligne we achieved the necessary transparency in our portfolio.”
Leslie Barbagallo, chief operating officer of SunGard’s energy and commodities business unit, said, “We are pleased that European electric utility companies such as AET continue to select Aligne for their ETRM needs. Our solution will help AET increase operational efficiency and improve profitability by automating the trade lifecycle and centrally managing risk.”
About AETAET is a public company founded in 1958, which is active in the selling, production and transport of electricity in Switzerland and abroad. AET’s institutional mandate is to guarantee the procurement of electricity for the Canton of Ticino at competitive prices. AET owns and operates a number of hydroelectric and solar generation assets. The company achieved sales of 18.4 TWh in 2010. For more information, please visit
www.aet.ch.
About SunGard’s AligneSunGard’s Aligne is a multi-commodity software solution suite that helps energy companies to more efficiently and profitably trade and market energy, process transactions, manage risk, and optimize operational and financial decisions. Leveraging a service-oriented architecture, Aligne is a configurable, modular and highly scalable solution. It integrates trading, risk and control, credit, scheduling, fuels procurement, emissions compliance, back-office and finance for straight-through processing of commodity transactions. For more information, visit
www.sungard.com/energy.
About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit SunGard at
www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Aligne are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.