LODESTAR Addresses Single Market Opening at Energy Ireland 2006


London, United Kingdom – June 13, 2006 – LODESTAR Corporation, a provider of strategic applications to utilities around the world, announced today that the company will participate in the largest energy conference in Ireland – the Energy Ireland 2006 Conference. The Irish market is preparing for the single market opening in July of 2007, which will impact all market participants in their daily and strategic operation. LODESTAR will be participating in Energy Ireland to demonstrate its unique technologies and solutions designed for retail, distribution, transmission, and generation companies, and to help those companies address the market challenges that lie ahead.

All market participants in the Irish market will need to contend with regulatory obligations as a result of this new market design. Significant areas of IT systems will need to be updated to meet regulatory obligations, operate in the pool, manage energy data, or just to support successful business operations and customer acquisition. The new trading and settlement arrangements will drastically impact requirements for effective and agile information exchanges, scheduling, and settlement verifications, implying the need for capabilities to handle a large amount of published data.

LODESTAR’s products will efficiently support critical business processes for all market players, in a number of key areas including:
  • rapidly pricing, quoting, forecasting and managing supply contracts to customers from simple single  site to large multisite industries;
  • ensuring all new billing requirements are met and remain unchallenged by market rules changes due to a fully configurable billing engine;
  • performing market transactions with network companies and market operators through a configurable transaction platform;
  • managing large amounts of energy metering data, including data quality insurance (validation, edition, estimation), and physical settlement and aggregations in record calculation time;
  • and many more.

LODESTAR will be at booth number 8 and representatives will be pleased to demonstrate LODESTAR® Customer Choice Suite™ applications to those interested in learning about LODESTAR’s suite of products.