Dallas, 1 September 2009 

Allegro, the leading provider of energy trading and risk management (ETRM) solutions, has announced the release of Emissions 8.1, a first-of-its kind component for the Allegro 8 platform that provides efficient and instantaneous management of all trade activity for emissions certificates on a global basis. 

While Allegro solutions have always supported emissions trading processes, this dedicated component was specifically developed to deliver comprehensive capabilities not available from any other ETRM platform on the market today.

Increasing and ever-changing government regulations are driving the need for sophisticated emissions management solutions that can handle the complexities of accurate reporting and compliance to avoid significant fines and penalties.  Today, energy companies are struggling with disparate systems, manual, error-prone processes, the inability to track the unique characteristics of emissions trades and manage different requirements for each registry or jurisdiction.

“Allegro has again demonstrated its ability to rapidly respond to market needs with their emissions management solution,” stated Dr. Gary M. Vasey, GM, Europe for CommodityPoint, Inc., a leading market research firm.  “The enhanced Emissions 8.1 component is a fully featured offering that includes an accelerated trade entry process achieved by requiring traders to enter only the most basic trade information and allowing the back office personnel to provide the remaining information during reconciliation.  Another significant addition is the ability to simply download registry data from any global registry to perform a comparative analysis and accurately generate reports that show compliance to regulatory agencies.”

Allegro’s Emissions 8.1 component is a flexible, centralized tool that captures sophisticated deals and automates processes to manage physical inventory and financial positions to make intelligent decisions and optimize a complete emissions and renewables portfolio.  Allegro is the only ETRM vendor to provide this level of comprehensive emissions management with the following functions associated with emissions trading:

• Captures trades with unique attributes including phase, vintage year and registry.

• Inventory Management – tracks physical open certificate allocations, surrender, bilateral trades, options, and expire certificates.

• Position Modeling and Reporting – captures planned and forecasted physical positions, short emissions usage, and the ability to match corporate position with any registry position.

• Valuation and Mark to Market – creates forward curves, runs valuation in real-time and allows certificate to remain in inventory after trade value.

• Compliance Reporting – downloads registry data, generates comparative analysis with registries and reconciles with national or regional holding entity.

“The feedback we’ve received has been outstanding.  Industry analysts and beta customers alike have agreed that we’ve set ourselves apart from the pack,” said Michael W. Hinton, Allegro Chief Marketing Officer.  “While current emissions requirements are a major issue right now, we also looked beyond today’s market needs and have developed this product with the flexibility that will enable customers to comply with new regulations, add new products, expand into new regions and even address renewables if these needs arise in the future.”

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