|By Business Wire||
|January 21, 2013 03:30 AM EST||
Smart Utility Systems (SUS), a global leader in products, solutions and services that accelerate return on smart grid investments for the energy and utility sector, today announced the launch of SUS Smart Energy Retail-Lite, a hosted solution for handling all aspects of energy trading and risk management for the retail sector. The cloud-based solution will be formally launched at DistribuTECH 2013, the upcoming industry conference at San Diego (January 29 – 31, 2013).
Competitive retail markets are characterized by complex, multi-party transactions to supply consumers and it is essential for suppliers in these markets to have access to relevant market and consumer information. SUS Smart Energy Retail-Lite is oriented towards these markets - it has the ability to interact and process retail business requirements and integrate them with the wholesale energy supply platform.
A cloud-based, secure integrated solution, SUS Smart Energy Retail-Lite handles all the key aspects of Energy Trading and Risk Management in the context of distributing power to retail customers. As a completely hosted solution, it eliminates the need for any IT resources, hardware or software from the customer. Retail-Lite has the added flexibility of being deployed on-premise should that be a customer preference.
SUS Smart Energy Retail-Lite meets a long-felt industry need. While many retail gas or power providers have attempted to force-fit many of their requirements into vendor-supplied ETRM systems, most of these systems lack key areas of functionality and ultimately necessitate the use of additional systems or custom developed functionality.
“SUS Smart Energy Retail-Lite is one of the few vendor-supported systems that can provide the explicit capabilities to directly bridge the wholesale supply and retail portfolio divide for both natural gas and electricity retail applications,” says G Satish, Senior Vice President at SUS. “SUS Smart Energy Retail-Lite provides retail energy providers a systematic approach to reducing the number and complexity of systems required to manage their business and reduce their dependence on spreadsheets for a number of critical processes.”
Retail energy is typically a low margin business because of competitive pressures. To maintain lean operations, contain costs and streamline processes with a tighter management control, a software solution focused only on solving retail energy issues related to trading & risk management, forecasting, billing and CRM is required and SUS Smart Energy Retail-Lite meets that need.
SUS is formally launching SUS Smart Energy Retail-Lite at DistribuTECH 2013, the leading industry conference to be held at San Diego. Retail-Lite is also featured in the SmartEd educational series to be held at DistribuTECH at the SUS booth #829. More information about SmartEd is available here.
About Smart Utility Systems
Smart Utility Systems is the global leader in products, solutions and services to accelerate return on smart grid investments for the energy and utility sector. Smart Utility Systems (SUS) offers Smart Hardware, Smart Software Solutions and Consulting & Advisory Services to major Energy & Utilities to support their Smart Grid initiatives like Customer Engagement, Mobile Work Force, Cyber and Physical Security, Big Data Management / Visualization among other areas.
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