Just Energy Selects Eka Software for Energy Trading and Risk Management
Eka Energy to manage natural gas and power operations.
Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Just Energy has selected Eka Energy to manage trading, risk management, scheduling, and settlement for its natural gas and power operations.
Just Energy Group Inc. (TSX:JE) (NYSE:JE) is a leading North American retailer of natural gas, electricity and green energy. With offices located across the United States, Canada and the United Kingdom, Just Energy serves close to 2 million residential and commercial customers. Just Energy is the parent company to Amigo Energy, Commerce Energy, Green Star Energy, Hudson Energy, Hudson Energy Solar, and Tara Energy.
According to Jim Brown, SVP Mid-Office at Just Energy, “We had outgrown our in-house system that was used across multiple businesses. We needed a better way to manage trading and risk with complete accountability and accuracy in real-time across our gas and power operations. After evaluating all the leading vendors, it was clear that Eka provided all the advanced functionality to meet our needs, and was the fastest, least cost, and lowest risk to implement. In addition, the Eka team proved to be the easiest to work with; they are a true partner.”
Eka’s energy platform manages financial derivatives and physical energy commodities, including crude and refined products, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), power, coal, and biofuels. It is a fully integrated multi-commodity Energy Trading and Risk Management (ETRM) software solution covering all aspects of a transaction lifecycle including trading, risk management, processing, scheduling, logistics, and accounting. Eka recently announced the general availability of Energy 8.0.
“The recent release of Eka Energy 8.0 is a major leap forward in helping our customers manage effectively in the rapidly changing energy markets. The new advanced analytic and business intelligence module enables real-time, fact based decision making by transforming large amounts of data into meaningful patterns,” said Andy Bout, VP Energy at Eka. “We very much look forward to partnering with Just Energy. Not only do we have the best product, but we have world class project implementation and account management staff that work closely with customers during all stages of the relationship.”
About Eka Software Solutions
Eka is the global leader in providing Smart Commodity Management software solutions. Eka’s analytics-driven, end-to-end Commodity Management platform enables companies to efficiently and profitably meet the challenges of complex and volatile markets.
The company’s best-of-breed solutions manage commodity trading, enterprise risk, compliance, procurement, supply chain, operations, logistics, bulk handling, processing, and decision support. Eka partners with customers to accelerate growth, increase profitability, improve operational control, and manage risks and exposures.
Eka is a team of 315 staff with offices in the Americas, Asia, Australia, and EMEA, serving a rapidly growing global client base across multiple commodity segments.