We are witnessing an energy transformation that is advancing at a dizzying pace. Climate crisis, cold spells, green energy and changing energy markets… Electricity markets are becoming more real-time and complex to keep up with this transformation, or rather to support it. Therefore, managing real-time data traffic becomes even more important for electricity market players.
To manage so much data, perfect knowledge of standard office applications no longer seems sufficient. Thanks to the concept of “API”, which is frequently encountered in today’s world, it is possible to talk with software systems. Taking data from a system that produces meteorological forecasts with API, analyzing it, making a decision with support from a system, and then submitting an offer to the energy exchange via API is an action that takes place within seconds.
Large energy companies tried to meet this need with teams of trader / software developer pairs. Working together all day, these teams carried out both analysis, testing and daily operations through live applications. However, with the increasing demand for software developers, this method has become both inefficient and difficult.
As a result, it seems inevitable that industry experts working in fields such as asset management, portfolio management and trade in the energy sector should have basic software development knowledge.
As smartPulse, besides a library of predefined algorithms, we also have code fields that can be customized by the user in many parts of our software. In this way, users can automate many activities using javascript, which is a user-friendly language. And we’re not just talking about algorithmic trading. It is possible to configure many activities within the software itself, from automatically creating day-ahead market offers for a natural gas power plant, to sending data to any system.
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