The CTRM Blog

Another vendor we recently ‘discovered’ is Constellation of Energy Solutions in Moscow. In fact, they emailed us and last week we got acquainted over the phone.

Constellation have developed an Energy Trading solution called Sozvezdie specifically targeting Russian power markets and generation and wholesale companies operating there. They also implement and support the product and provide consulting services to market participants. The company has grown since 2006 steadily and has around 30 clients and 40 staff. Its software, Sozvezdie, is now the main ETRM platform used in Russia with more than 60% of the market including 2 of the 3 foreign investors – E.On and ENEL. In fact, 27% of energy traded in Russian wholesale markets is processed with Sozvezdie.

The product actually includes a lot of upstream functionality that wouldn’t necessarily be included in a typical ETRM solutions including data gathering, business analysis, equipment management, marginal cost calculations as well as commercial dispatch, price forecasting, trading, bid formation, maintenance planning and consumption forecasting. It is essentially a trading solution targeting asset-based traders and falls under the heading of Asset Heavy ETRM in CommoditPoint’s classification.

Its a very interesting solution and a very interesting company that I hope to find out a lot more about in the coming weeks.

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