RiskAdvisory Sponsors UtiliPoint International’s ETRM Market Sizing Report
By Kathy Walsh, Marketing Strategist, Energy Risk, SAS Canada
Findings of report show North American market for ETRM software to be between US $78 and $93 million .
2005 saw a strong increase in the demand for ETRM systems, fueled largely by new regulations like Sarbanes-Oxley, failures like the Enron story, and the entry into energy markets by new players (particularly financial companies). This growth has continued into 2006 with new growth expected to occur among end user markets.
“Utilipoint has now provided the industry with a market sizing metric for ETRM software license sales in North America ,” said Dr. Gary Vasey, Vice President, Macroenergy Analysis at UtiliPoint. “To our knowledge, this is the first independent assessment of its kind.”
UtiliPoint’s report details the ETRM market size by a number of parameters and includes all commodities, front office, scheduling, risk management and back office.
“RiskAdvisory’s sponsorship of this study was due mainly in part to our desire to have our company’s perception of the ETRM software market in North America confirmed,” said Brian Nicholson , RiskAdvisory’s Director, Consulting and Product Development. “We are focused on evolving our energy risk solutions to meet the needs of users, evidenced most recently by our latest BookRunner release. Version 11 offers web-enabled technology featuring increased open access and easier, cost-effective maintenance. Our relationship with UtiliPoint allows us to take advantage of their expertise, and the findings of studies like this one, help us to ensure we continue to meet the needs of the market … especially new players.
To find out more about this study, including how to purchase the findings, visit www.utilipoint.com .
To learn more about BookRunner Version 11, visit http://www.riskadvisory.com/pr_may11_2006.html or contact BNicholson@RiskAdvisory.com.