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JDG
Consulting LLC
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Offering Solutions for the Deregulated Energy Market
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Wholesale Trading System Projects |
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Retail Market System Integration |
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Business Process Analysis,
Benchmarking and Design |
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Data
Warehousing Solutions |
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Deregulated
Energy Markets Create New Automation
Challenges
As the energy markets have become
deregulated, new business requirements have been created. In order to
preserve profit margins, companies must automate customer acquisition and
operational processes. Systems must support a variety of new market rules
and provide new reports for profitability and risk analysis. Project
timetables are always short, and it can be difficult to find knowledgeable
resources to meet your deadlines. JDG Consulting brings the experience and
dedication to make your projects a success.
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Wholesale Marketing and Trading Requirements
Modern trading systems are essential for
wholesale market participants to manage the flood of market and
transaction data created each day. Effective systems allow all users to
share the same underlying data, and provide the following functionality:
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Contract administration
- Track all counterparty contracts including instruments, terms, and
conditions. |
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Deal capture – A
system must capture all relevant deal attributes in order to be
valued and settled properly. Rapid entry should allow traders to
capture all trades quickly. |
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Confirmations and
controls – The system must provide sufficient controls to
validate all transactions. |
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Manage Market Data -
A system should properly model both spot and forward market prices.
It must also capture a variety of price volatility and correlation
data sets. |
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Scheduling – An
effective system will support the physical delivery of commodity
transactions. These schedules will then be carried forward for
settlement purposes. |
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Deal Valuation – A
system must properly value the cash flows associated with different
deal structures (forwards, swaps, and options). |
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Market & Credit Risk
Exposure – Systems should compute open position and Value at
Risk reports using both linear and simulated techniques. |
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Settlement – A
system should generate accurate invoices and remittance statements
to support settlement and accounting. The system should also provide
an automated interface with other accounting systems. |
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Comprehensive Reports
– Leading edge trading organizations must enable their analysts to
review large quantities of data each day. Data Warehousing
techniques can facilitate the assessment and explanation of the
changes in valuation that occur each day. |
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Retail
Marketing Requirements
Now that customers can choose suppliers in many states,
retail energy marketers must master a new set of requirements. This
includes:
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Pricing
– Customers are demanding fixed-price contracts, or real-time
prices with various caps. For the energy supplier, this creates
significant risk exposure. |
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Enrollment
– Managing the communication with multiple distribution companies
is essential in order to enroll customers in a cost-effective
manner. |
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Load
Forecasting – Accurate forecasts are essential for managing
daily scheduling operations and long-term risk management. |
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Load
Settlement – Gathering and managing large amounts of usage
data (often 15 minute interval data) is required in order to
properly settle in the imbalance markets. |
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Billing
– Customers expect to receive timely and detailed billing
information for single or multiple accounts and commodities. Billing
must support a variety of rate structures, such as time-of-use,
real-time Pricing (with or without caps and floors) seasons, tiers
and a variety of demand and customer charges. |
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Customer
Relationship Management - It is no longer enough to provide an
accurate bill to customers. Leading organizations are prepared
to manage customer contacts through a variety of channels. |
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Valuation
– Some customers are more profitable to serve than others.
Forward-thinking energy providers have the capability to assess the
profitability of each account. The ability to perform margin
analysis is major source of competitive advantage. |
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Credit
Monitoring – When customers sign long term contracts, the
credit exposure is no longer limited to a receivable balance. In
conjunction with deal valuation, the future value of energy
contracts must be considered. |
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Services Provided
JDG Consulting is prepared to work with you
to achieve success. A variety of services can be provided to suit your
needs. This includes:
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Requirements Definition
– Working closely with the business process owners, comprehensive
and concise documentation of business requirements will be prepared.
Existing requirements can be reviewed against our extensive
compilation of needs for wholesale and retail markets. |
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System Selection –
We are prepared to assist you through all phase of a selection
effort. We will create test scripts and other selection criteria to
suit your needs and timetable. |
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System Implementation –
From project planning to configuration, testing and training, JDG
Consulting is prepared to make your implementation efforts as
efficient and timely as possible. |
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Testing / Quality
Assurance – Even the most well-run project will benefit from
additional testing and outside review. JDG Consulting can assist you
in testing new applications and interfaces. We also provide a
quality assurance service to make sure technology solutions are
meeting business requirements. |
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Business Process
Analysis – In addition to technology related efforts, JDG
Consulting can provide detailed business process analysis. We
prepare detailed "As-Is" diagrams and map existing systems
and data to these processes. In conjunction with new technology
implementations, we can develop and document changes to these
business processes. |
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Data Warehouse –
JDG
Consulting was hired to lead the development of OpenLink Financial's
new Data Warehousing Solution. This new reporting architecture
complements the standard reports and Real Time Position Engines (RTPE)
and provides a framework for enhanced analysis of critical
performance and exposure results. |
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Why
is JDG Consulting right for You?
Retaining JDG Consulting delivers value to your
organization in many ways.
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Flexibility – Technology
projects require higher levels of staffing during the initial
implementation. JDG Consulting provides the additional resources you
need to meet your tight deadlines. |
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Experience – Over the past
seven years JDG Consulting has
assisted a variety of major retail and wholesale market participants.
We have implemented a number of the leading software packages and
have designed major enhancements to these applications. This hands-on experience can save you valuable time in
selecting and implementing an appropriate technology solution. |
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Approach – Working style is
just as important as the quality of the final product. JDG
Consulting collaborates with your existing staff in a collegial
manner to provide results at the desired level of detail. |
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Affordability – As an
independent consulting company without the overhead of a "Big
Four" or publicly traded consulting firm, JDG Consulting provides the support you need at an
affordable price. |
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