It will also provide energy logistics support for Great Britain, the Single Electricity Market (SEM) and the new Integrated Single Electricity Market (I-SEM) for Ireland and Northern Ireland.
Gaelectric was looking for a knowledgeable and experienced partner to support its trading and operations processes. In addition, it required support for the transition from SEM to I-SEM and for future growth plans and expansion to Continental Europe. Brady’s hands-on approach to knowledge transfer during the project was also a key factor in bringing about the partnership.
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Colin Spain, Head of Gaelectric Trading and Market Services (GTAMS) said: "Brady's systems and product offering was the clear partner and product choice for GTAMS; the new system will allow us to extend our trading capability and product offering to clients and expand our market coverage. It will allow us to grow our existing business in I-SEM and GB and will assist us in extending our activities in Europe."
Ian Jenks, Chairman of Brady commented: "Working with an organisation like GTAMS as it transitions its trading operations from an in-house solution to a more scalable, cloud-based software solution is incredibly rewarding. We are very excited to be collaborating with the team as it seeks to address the challenges that the introduction of I-SEM in the all-Ireland market poses and focus on the new market opportunities that this will bring. We have been supporting energy trading and operations across Europe for the past three decades and our market knowledge can only benefit GTAMS as it seeks to grow its energy trading activities."
(CD/MH)
