Smart Utility Systems (SUS), a global leader in products, solutions and services that accelerate return on smart grid investments for the energy and utility sector, today announced the launch of SUS Smart Energy Retail-Lite, a hosted solution for handling all aspects of energy trading and risk management for the retail sector. The cloud-based solution will be formally launched at DistribuTECH 2013, the upcoming industry conference at San Diego (January 29 – 31, 2013).
“SUS Smart Energy Retail-Lite provides retail energy providers a systematic approach to reducing the number and complexity of systems required to manage their business and reduce their dependence on spreadsheets for a number of critical processes.”
Competitive retail markets are characterized by complex, multi-party transactions to supply consumers and it is essential for suppliers in these markets to have access to relevant market and consumer information. SUS Smart Energy Retail-Lite is oriented towards these markets - it has the ability to interact and process retail business requirements and integrate them with the wholesale energy supply platform.
A cloud-based, secure integrated solution, SUS Smart Energy Retail-Lite handles all the key aspects of Energy Trading and Risk Management in the context of distributing power to retail customers. As a completely hosted solution, it eliminates the need for any IT resources, hardware or software from the customer. Retail-Lite has the added flexibility of being deployed on-premise should that be a customer preference.
SUS Smart Energy Retail-Lite meets a long-felt industry need. While many retail gas or power providers have attempted to force-fit many of their requirements into vendor-supplied ETRM systems, most of these systems lack key areas of functionality and ultimately necessitate the use of additional systems or custom developed functionality.
“SUS Smart Energy Retail-Lite is one of the few vendor-supported systems that can provide the explicit capabilities to directly bridge the wholesale supply and retail portfolio divide for both natural gas and electricity retail applications,” says G Satish, Senior Vice President at SUS. “SUS Smart Energy Retail-Lite provides retail energy providers a systematic approach to reducing the number and complexity of systems required to manage their business and reduce their dependence on spreadsheets for a number of critical processes.”
Retail energy is typically a low margin business because of competitive pressures. To maintain lean operations, contain costs and streamline processes with a tighter management control, a software solution focused only on solving retail energy issues related to trading & risk management, forecasting, billing and CRM is required and SUS Smart Energy Retail-Lite meets that need.
Source: Business Wire