The OBJECTIVE is to match energy acquisition with actual energy consumption in order to minimize any possible penalties, thus reducing overall costs.
Our 24/7/365 Market Operation service covers this 3 key activities.
Requirements to participate in Wholesale Markets include a greater amount of administrative processes and tasks, such as:
Participating in the Wholesale Markets requires covering financial risks. Thus, financial guarantees will be required from Market Operators.
This guarantees will change ‘live’ over time, even on a daily basis, depending on:
Non-compliance of these requirements in form or time entails serious short term financial and administrative consequences.
We provide an Administrative Support service to help meet all daily requirements, and perform a daily follow-up together with the Administration and Payments Departments.
European regulators and most national regulators will require a clear proxy or power of representation from legally authorized representatives to FUTURGY.
This mandate has to be properly legalized, as required by the Wholesale Market operators and regulators.
Participating in Wholesale Energy Markets requires not only external technical assistance and support from FUTURGY, but also an internal transition from being a ‘passive’ customer into becoming a increasingly ‘active’ market participant.
This cannot be achieved without a proper top management involvement.
There must be at least a host top management interlocutor with FUTURGY’s teams, in order to exchange information, which could be critical due to two variables: