European power trading innovation: Retaining the special sauce
Complex intra-day power markets increasingly require AI support. But it is important market actors have their own proprietary solutions
Traders are a breed apart. And while they jump at any tools that might give them an edge over their competitors, they are extremely protective of their own autonomy and ability to add value, and wary of tools that might impinge on this. In European power markets, the line between IT trader support and algorithmic decision-making risks being increasingly blurred. Petroleum Economist discusses with Peter Bance, CEO of software firm Origami, how his firm aims to stay clearly on its side of the line. Peter Bance, Origami CEO What, in layman’s terms, do you offer to your core client? Bance: I would summarise what our energy data platform cus
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks