West Oaks Energy Selects SoftSmiths Market-ERCOT
Houston, TX. – November 3, 2010 –
SoftSmiths, Inc., a leading energy software solutions
and services company, today announced that announced
that West Oaks Energy, LP has selected SoftSmiths
Market-ERCOT to streamline its wholesale power trading
and settlement operations in the ERCOT market.
West Oaks Energy, LP, is a privately
held provider of proprietary liquidity to financial and
physical markets within various ISO and RTO electricity
markets in the United States.
SoftSmiths' customers successfully participated in
ERCOT’s Nodal market trials and operate the system daily
as the go-live date of December 1 approaches. West Oaks
Energy is taking advantage of SoftSmiths’
Software-as-a-Service (SaaS) delivery model, a web-based
environment that helps to simply implementation,
accelerate time-to-market and gain ongoing processing
efficiencies, while requiring minimal IT support
SoftSmiths Market-ERCOT provides ERCOT market
participants the bid/offer/schedule submission and
settlement functionality to automatically submit trade
information to ERCOT and identify discrepancies in ERCOT
charges, thereby reducing reconciliation activities.
With SoftSmiths e-Link Application Programming Interface
(API), seamless integration with Energy Trading and
Scheduling systems can be established.
“We are very pleased with the selection of SoftSmiths
Market-ERCOT by West Oaks Energy,” said Hugo Stappers,
Director of Sales and Marketing at SoftSmiths. “We look
forward working closely with West Oaks Energy to support
their entry in the ERCOT Nodal market.”
SoftSmiths, Inc. delivers critical electronic
energy trading and operations solutions and services
that enable energy industry participants to enhance
profitability and reliability in the competitive
marketplace. SoftSmiths' proven solutions and in-depth
knowledge of the industry's business practices allow its
customers to automate manual processes, eliminate
redundancies, and increase business visibility across
the enterprise to allow faster decision making and more
informed decisions, thereby improving profitability,
operational efficiencies and cash flow. The company has
been successfully delivering e-business solutions to
energy service companies since 1997.
SoftSmiths is a registered trademark of SoftSmiths,
Inc. All other products are trademarks or registered
trademarks of their respective companies.
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