October 2012: Lacima Analytics has been successfully implemented at SSE

22/10/2012

Lacima Analytics has been successfully implemented at SSE for cash-flow and VaR based metrics across a multi-commodity portfolio of assets and contracts

Sydney 17 October 2012 - Lacima is delighted to announce that SSE has successfully implemented Lacima Analytics to value and optimise its multi-commodity portfolio of gas and electricity assets and to achieve a consolidated view of risk across its entire portfolio. Lacima Analytics, the complete application for energy risk management, valuation and optimisation, is helping the company to gain competitive advantage by being able to enhance the optimisation of its physical assets.

SSE is one of the UK’s leading energy companies with interests in electricity and gas production, distribution, supply and services. It owns and operates over 11,979 megawatts of electricity generation capacity, distributes electricity to 3.5 million homes and workplaces and supplies electricity, gas and other services to over 10 million customers.

SSE is now employing various solutions from Lacima Analytics to improve its analytical capabilities with regard to the valuation and risk assessment of its energy portfolio which includes retail sales, wholesales trades and generation assets. The company is employing earnings-at-risk metrics across the portfolio utilising Lacima’s peer recognised single and multi factor stochastic models.
 

Dr Chris Strickland, Director of Lacima, remarked, “The price volatility of energy markets today are driving organisations to implement best of breed software solutions to better manage their physical assets for profitability and to more accurately quantify risks. We are delighted to add SSE to a growing list of global customers who are benefiting from our leading application for energy risk management, valuation and optimisation and look forward to a long-term working relationship.”

Collin Fullerton, Planning and Risk Manager from SSE said “The selection of Lacima’s Analytics was a major decision for us, and was made after a comprehensive review of software systems currently available in the market. Lacima’s solution won due to its impressive modelling capabilities, its ability to achieve a single consolidated view of risk across the entire portfolio, and its flexibility to meet our bespoke requirements, including the ability to handle the more complex characteristics of our power generation assets, storage facilities, and gas supply contracts. During the implementation we were very impressed with the knowledgeable and highly professional Lacima team who ensured we implemented on-time and on-budget.”

About Lacima

Lacima is a specialist provider of software and advisory services dedicated to valuation, optimisation and risk management for global energy markets. We help you to maximise your profit potential and make more informed decisions by providing tools that yield more accurate valuations, hedging analysis and risk exposure analysis for portfolios of financial contracts and physical assets.

Clients of our software and services include structuring, valuation and risk teams in vertically integrated energy companies, energy retailers, financial institutions and large energy consumers in Europe, North America and Australasia.

Our software solutions have been developed and implemented by peer-recognised experts in energy analytics, offering an unparalleled level of expertise and personalised support.

For further information, visit www.lacimagroup.comor email info@lacimagroup.com.

About SSE plc

SSE plc is one of the UK’s leading energy companies. Its core purpose is to provide the energy people need in a reliable and sustainable way. It is involved in the generation, transmission, distribution and supply of electricity; energy trading; the development of major renewable energy projects; the extraction, storage, distribution and supply of gas; electrical and utility contracting; data centres and telecoms.

Media contact at Lacima:

Lorna Strickland, Phone: +61 (2) 92758818, Email: lorna@lacimagroup.com


 
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