Unicorn Systems Contributes to the Creation of European Internal Electricity Market

Unicorn Systems has signed contracts for the development of the software system for the electricity Price Coupling of Regions (PCR) that is formed by six European power exchanges.

“This is a significant success for Unicorn Systems that will help us to follow our long-term strategy of entering new European electric markets. I am proud that Unicorn Systems will contribute to the creation of the unified electricity market in the framework of the European Union,” added Jiří Mráz, Managing Director of Unicorn Systems.

Despite the significant steps taken with the CWE price coupling, the Nordic-Baltic price coupling, the Iberian price coupling, the Italy-Slovenia price coupling and the CWE-Nordic ITVC (interim tight volume coupling), the European internal electricity market still remains to be accomplished by 2014 corresponding to the European Day-Ahead Target Model approved by ACER. The aim of PCR is to deliver the single coordinated Day-Ahead Market coupling system necessary to create a unified day-ahead price coupled electricity market in Europe. PCR is formed by six European power exchanges – APX-ENDEX, Belpex, EPEX SPOT, GME, Nord Pool Spot and OMIE, and is open for other power exchanges to join.

Unicorn Systems submitted the winning proposal in the tender and will support the PCR solution by development of a distributed software application that then will be used for the regional implementations of PCR throughout Europe.

About Unicorn Systems

Unicorn Systems is a renowned European company providing the largest information systems and solutions in the area of information and communication technologies. We have focused on providing high added value and competitive edge to our clients for many years. We have been operating on the market since 1990 and since then we have created a series of high-end large-scale solutions that are extended and used among the most important companies in a variety of sectors. We have the best references from banking, insurance, telecommunications, energy, industry, commerce and public sectors. Our customers are not only the largest companies but also market leaders. We have a detailed knowledge of the entire spectrum of all business sectors. We understand the principles of their operation as well as comprehend the specific needs of our customers.

Our extensive team of systematically educated experts perfectly masters all current product lines, components, technology, and therefore we have essentially no technological restrictions. Even though we enforce a lot of revolutionary ideas in our work, the overall delivery of proven solutions are subject to fundamental criteria – quality, scope, term and budget.

About APX-ENDEX

APX-ENDEX is Europe’s premier provider of power and gas exchange services for the wholesale market, operating transparent platforms for short term and futures trading in the Netherlands, the United Kingdom and Belgium. Established in 1999, APX-ENDEX provides exchange trading, central clearing settlement and data distribution services. APX-ENDEX has over 300 memberships from more than 15 countries. APX-ENDEX offers benchmark data and provides industry indices. APX-ENDEX’s offices are located in Amsterdam, London and Nottingham.

About Belpex

Belpex is a leading contributor to the integration of the European electricity markets, accountable for delivering transparent price signals to its participants and the community. Belpex is focused on delivering electricity market services that bring value to its members and the entire Belgian electricity wholesale market. Belpex provides a trading platform for the negotiation of spot electricity trades and green certificates. Purchase/sale transactions are concluded directly, but anonymously, between the market participants.

About EPEX Spot SE

EPEX SPOT SE operates the power spot markets for France, Germany, Austria and Switzerland (Day Ahead and Intraday). Together these countries account for more than one third of the European electricity consumption. EPEX SPOT is a Paris-based company with a branch in Leipzig with rules defined at European level (Societas Europaea). 314 TWh have been traded in 2011 on EPEX SPOTs power markets. EPEX SPOT has currently 203 exchange members.

Source: Unicorn Systems
 
 

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