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ComTraderAdapter

Automated post-processing of EPEX SPOT Intraday power trades

Slovakia
Market: Internet and IT, Computers, office equipment, Trade, Power Engineering
Stage of the project: Prototype or product is ready

Date of last change: 25.02.2021
Sale price
$  10.000
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Idea

(For presentation purposes please check the website content instead of the attached presentation PDF file.)

Automate the post-process of your EPEX SPOT ComTrader intraday trades easily and efficiently. ComTraderAdapter automatically processes the trades from the ComTrader continuous export file, performs user-defined data Transformations and sends the results to various flexibly configurable Endpoints such as local files, shared or FTP files, databases, web services or emails.

Current Status

ComTraderAdapter is already a working application downloadable from its corresponding website. The application was developed in a team of three: two programmers (including me) and one analyst/tester. There has been already some inquiries from several potential clients, but no active sale yet. The project now requires an active client approach by an experienced sales person and 1 junior/medior developer to support the sales process.

ComTraderAdapter is now also a registered trademark in order to strengthen its market value and business potential.

Organizational form

Ltd

Number of employees

1

Problem or Opportunity

The changes of the European power markets in the recent years brought various administrative, financial and technical challenges. Intraday power trading became extremely crucial for many businesses in the utilities sector. European Power Exchange (EPEX SPOT) SE is an electric power exchange operating in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Luxembourg, the Netherlands, Norway, Sweden and Switzerland. Trading on EPEX SPOT requires fast and fully automated data processing not only during the trade negotiation, but also for post-processing of executed in other systems of clients infrastructure. And this is where ComTraderAdapter comes into play.

Solution (product or service)

ComTraderAdapter automatically processes the trades from the ComTrader continuous export file, performs user-defined data Transformations and sends the results to various flexibly configurable Endpoints such as local files, shared or FTP files, databases, web services or emails. Please check the projects website for more detailed explanation.

Competitors

To my knowledge there's no such universal and market-ready alternative tool. Some clients may have some custom built functionally static (and usually high-cost) solutions, whereas ComTraderAdapter is much more dynamic and configurable, while others still perform intraday trades postprocessing manually or semi-automatically.

Advantages or differentiators

Please check the projects website to get more detailed info on this.

Finance

There are various licensing and cost models applicable for such a product. Picking the right one would be the task of the future owner. I'd recommend annual license model with additional services offering.

Business model

There's currently a business model document, however elaborated only in German, which I can of course provide upon request.

Reason for sale

I have to admit I underestimated the time such a project consumes. I became father 7 months ago and unfortunately cannot spend as much time for this project as it requires in this phase. I developed and created it, now it's time for someone else with more time and sales experience to continue and take over. I invested 1,5 years of my life into this project and I just don't want to let it finish like this. I don't need make huge money, I just want to sell it with hope that someone else or some other team will try to keep this idea alive and that they'll bring this project to its first customer.

Market

Potential customer is any EPEX SPOT exchange member - as of today approx. 300 companies from more than 20 countries - most of them from Germany, Austria, Switzerland or Great Britain. The complete list of exchange members is publicly accessible on the EPEX SPOT website, which provides a great opportunity for direct sales approach. And regarding the market situation, here's just one sentence from an official EPEX SPOT press news: "A total of 614.8 TWh was traded on EPEX SPOT in 2020 (2019: 593.4 TWh) totalling to a 3.6% increase of the overall volumes traded on EPEX SPOT. This represents a new all-time high, breaking the record of the previous year." The utilities/energy sector is huge and from my experience there's still a lot of potential to improve its revenues, especially by implementing more automated IT processes, which is the main strength of the ComTraderAdapter.

Team or Management

Risks

At this phase, the project demands an experienced sales person who's also familiar with recent IT topics and speaks English or German fluently. Not to be such person would be a risk :-)

Photos

Photo 1 - Automated post-processing of EPEX SPOT Intraday power trades
Photo 2 - Automated post-processing of EPEX SPOT Intraday power trades
Photo 3 - Automated post-processing of EPEX SPOT Intraday power trades
Photo 4 - Automated post-processing of EPEX SPOT Intraday power trades
Photo 5 - Automated post-processing of EPEX SPOT Intraday power trades
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