The platform is designed to help companies manage risk exposure and reduce energy costs by continuously monitoring, analyzing and forecasting market conditions, and suggesting when hedging actions should be taken because prices are low, or when hedging actions should be avoided because prices are too high.
The EnergyBuyer expands on the Planalytics GasBuyer tool which, since 2000, has assisted commercial and industrial end-users, gas distributors and power generators in an increasingly volatile natural gas market. Built on this foundation, the EnergyBuyer brings in New York Mercantile Exchange (Nymex) pricing for natural gas, heating oil, crude oil, propane, coal, RBOB (gasoline) and PJM electric and then applies Planalytics’ patented modeling and forecasting technologies to present users with hedging suggestions for specific commodities and months.
The EnergyBuyer captures and analyzes the fundamental, technical, trading and weather dynamics that combine to impact upon the price of each energy commodity and, using Planalytics’ analytical and forecasting technologies, translates this information into hedging guidance: buy, (commodity is currently under-priced) or wait, (commodity is currently over-priced).
The EnergyBuyer also offers accounting and reporting features, charting for technical analysis, customizable hedging parameters and daily weather updates. In addition to the web-based tool, Planalytics provides support services to all EnergyBuyer clients from personal consultation on hedging strategies to daily phone access with an energy meteorologist.
