BritNed selects Unicorn Systems as partner for explicit auction solution

23.02.2010
BritNed, a joint venture between British National Grid and Dutch TenneT, selected Unicorn Systems as its partner for their explicit auction solution. This trading platform will enable market participants to bid for capacity rights on the BritNed interconnector in both flow directions between Great Britain and The Netherlands.

Under the contract Unicorn Systems will deliver a business portal for the management of transmission capacity trading. Under commission from BritNed, Unicorn Systems will also operate and administrate the system, communicating directly with BritNed’s customers. The BritNed interconnector is currently under construction and following commissioning will enable commercial operations to commence early 2011.

Jonathan Maughan, commercial manager at BritNed: "After an extensive tender we have selected Unicorn Systems. The company has broad experience and a good reputation in the field of power engineering information systems and we are confident that they can deliver a system that fits the trading requirements of our customers."

Jiří Mráz, chief executive officer, Unicorn Systems comments: "We are very proud to win such a complete large international contract once again. And we are looking forward to developing together with the commercial team of BritNed their explicit auction solution."

BritNed is a 1,000MW bi-directional merchant electricity HVDC interconnector and will provide 100% third party access to market participants who wish to trade electricity between the Netherlands (and the Central West European region) and Great Britain markets. It is an important step towards building a common European energy marketand will facilitate further competition by improving the connection with European markets. BritNed intends to offer a blend of explicit and implicit auctions to its customers.

About BritNed

BritNed is a joint venture between National Grid and TenneT and is headquartered in Arnhem, The Netherlands. The goal is to construct and commercially operate an electricity link between Great Britain and the Netherlands. The BritNed interconnector will have a capacity of 1,000 MW and will be 260 km long. This €600 million joint venture will support security of electricity supply in the markets in both countries and will allow BritNed's customers to participate in European markets. More information: www.britned.com

About Unicorn Systems

Unicorn Systems is a renowned European company providing the largest information systems and solutions in the area of information and communication technologies. We have focused on providing high added value and competitive edge to our clients for many years. We have been operating on the market since 1990 and since then we have created a series of high-end large-scale solutions that are extended and used among the most important companies in a variety of sectors. We have the best references from banking, insurance, telecommunications, energy, industry, commerce and public sectors. Our customers are not only the largest companies but also market leaders. We have a detailed knowledge of the entire spectrum of all business sectors. We understand the principles of their operation as well as comprehend the specific needs of our customers.

Our extensive team of systematically educated experts perfectly masters all current product lines, components, technology, and therefore we have essentially no technological restrictions. Even though we enforce a lot of revolutionary ideas in our work, the overall delivery of proven solutions are subject to fundamental criteria - quality, scope, term and budget.

More press releases published by Unicorn Systems are available here: www.unicornsystems.eu.

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