Digiterre has worked with Uniper and its forerunner E.ON Energy Trading since 2003. Working together in close partnership and using Agile development methodologies, Digiterre designed, built and deployed into live the “Transfer Pricing” platform.
The business had grown over many years both organically and by acquisition. Partly as a result of this rapid growth, the operational processes relating to the sale and purchase of energy across the Group’s different trading entities were inefficient and unreliable. There was a significant risk of failure around these trading activities, due mainly to poor data quality and integrity. There were also many different data optimisation models in use for the calculation of the energy value and output, by the individual generating assets. Functional gaps in many of the models. Most were based on highly manual, excel interfaces which further added to the operational risk around the transfer pricing business processes.
Transfer Pricing (TP) solution for Uniper
Established robust and harmonised processes for transfer pricing management covering all energy asset classes, including coal and nuclear in all markets. Enhanced the functional scope of the optimisation models and tested them using scenario modelling across a range of scenarios to give various business stakeholders the confidence to rely upon them going forward. Installed a fully-auditable, “tamper-proof" transaction system for managing the invoicing of the entire power station production capacity, including cross-border transactions between different national tax systems. Embedded automated testing into the software development lifecycle to ensure quality throughout the product lifecycle and to support rapid, agile software delivery to address the evolving stakeholder needs.
With Digiterre’s support we delivered a platform which is the single point of truth for asset data and portfolio optimisation for our power stations – on time, on budget and which incorporated significant changes in scope along the way. Digiterre’s combination of technical capability, business understanding and agile mentality continues to be an excellent fit for the business. They have always gone the extra mile for us and the data and software solutions they have delivered to us have always been of extremely high quality. So much so that they have become the backbone for our front office, back office, financial reporting and market risk software and data infrastructure.