E-lecTrade, Inc. an Internet-based company for online commerce in electric power, will begin beta testing a Web-based electric trading marketplace that executes highly complex energy transactions and is designed to stabilize competitive energy markets, according to a recent report from ElectricNet.com.
The beta site, which could save electric power producers and consumers more than $2 billion annually in transaction costs, will be launched in April with participation by a dozen electric power companies in the Northeast.
The marketplace will allow “complex, forward-looking energy transactions for what are known as structured products to be made anonymously, and in a manner that optimizes risk and portfolio management for energy market participants,” the report said.
For more information, contact E-lectrade CEO Anil Suri by e-mail.
Based on a report from ElectricNet.com
