Gulf Oil and Gas accountACCOUNT

PSI Presents Solutions for Energy Sector at E-World 2013

Source: www.gulfoilandgas.com 1/18/2013, Location: Europe

The PSI Group will be presenting a comprehensive portfolio of solutions for the energy sector at the E-world (Hall 3, Stand 326) in Essen from 5 to 7 February. Along with software solutions, the focal points will be on trade, sales and optimisation in systems for gas and electricity logistics and a web-based data management. In addition, new results from the Smart Watts research project will be presented.

PSImarket supports the energy trade with all the essential functions from deal management to portfolio and risk management as well as energy logistics processing of the business to invoicing. The new release 3.13 contains numerous extensions and improvements with a focus on middle and back office functions. In addition, PSImarket significantly expands the sale of gas and electricity and offers new automation, analysis and controlling functions.

Along with this, the TS Energy solution for stochastic optimisation for evaluation, risk analysis and optimisation of energy portfolios including complex contracts, options and power plants will be presented. As additional developments, the integration of gas industry analysis and planning systems for the short, middle and long-term sales and acquisition planning for gas supply companies and the integration of the stochastic optimization in in PSImarket will be shown.

The logistic business processes of the transportation and storage service providers, storage and network operators and traders in the gas industry are reproduced with PSItransport, PSItransstore and PSItransact. A flexible workflow management, an efficient contract management and a powerful communication by means of commercially available protocols guarantee an effective and economically optimal implementation of the business processes. For example, the business processes from the range of tasks of the European market models such as offsetting energies, balance grid, schedule, shipper or OBA management are covered.

In the framework of the PSIpassage systems, new and proven modules for the automation of the market processes of electricity transmission and distribution network providers will be demonstrated. Along with the general market communication, the focus here is on the automated network coordination as an extension of the PSIpassage schedule management.

The web-based PSIportal solution serves the visualization and reporting of master and transaction data. Data from various sources and special applications such as planning and disposition, dispatching or invoicing can be archived in one system and accessed for evaluations.

Furthermore, PSI will be presenting new results from the research project Smart Watts, supported by the German Ministry of Economics (Bundeswirtschaftsministerium). An interactive model, which is controlled by means of a touchscreen, communicates the system connections. The software implemented is targeted for the optimal integration of renewable energy sources in the energy system and includes an incentives-based “Demand Side Management“ including the invoicing of innovative rates.

Software >>

Software News in Germany >>

Norway >>  9/26/2019 - Var Energi AS, owned by Eni and HitecVision, has signed an agreement with ExxonMobil to acquire its upstream assets in Norway. The transaction include...
United Kingdom >>  9/26/2019 - TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital ...

Related Categories: Bid and Proposal Software  CAD Systems  Control Software  Design Software  e-business  Financial Accounting Software  Gas Software  General  GIS Software  Import Documentation System  Materials Management Software Materials Management  Oil Software  Petroleum Software  Process Simulation  Procurement Software  Property Management Software  Risk Management  Sales automation Software 

Related Articles: Bid and Proposal Software  CAD Systems  Control Software  Design Software  e-business  Financial Accounting Software  Gas Software  General  GIS Software  Materials Management Software Materials Management  Oil Software  Petroleum Software  Process Simulation  Procurement Software  Property Management Software  Risk Management 


Germany Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.