Energy Trading and Risk Management IT specialist cKLear has finalized has finalized the installation of its flagship program Contango at Power Sector Assets & Liabilities Management.
The program is designed to bring PSALMs need for a software solution that also offered training and consultancy to set-up a trading and risk management mechanism for the Philippines electricity spot market, which is scheduled to open in July 2006.
Contango lets PSALM create energy bids for each plant in the portfolio while also offering multiple bid-blocks in day-ahead and week-ahead markets.