Nowhere are energy markets seeing greater transformation than in Western Europe. Since 1990, fossil fuel usage for electricity across Europe has dropped more than 25 percent. Germany is looking to phase out nuclear energy by 2022.
What is filling the gap? The move to renewables. Solar, wind and tidal power are just some examples of the sources creating new supply chains. The energy supply of one power plant is being replaced by hundreds of small wind farms, and the outcrops of tidal turbines that are sprouting up on the coasts. New processes are needed to support the new operating realities.
This is precisely the challenge faced by Centrica, one of the largest energy companies in Europe, with ownership of major brands like British Gas in the United Kingdom. In spotting these underlying changes, the organization knew they needed a trading platform that could scale as their supplier base expanded.
Centrica looked to Openlink to ensure correct billing and accurate forecasting down to a half-hourly basis. As a result, they have turned market volatility into a business opportunity, and can now make decisions with unparalleled agility.