Software provides hedging and risk analysis platform.January 16, 2007 -
Designed for multiple energy commodities, web-based EnergyBuyerSM helps companies manage risk exposure by continuously monitoring, analyzing, and forecasting market conditions. It translates information into hedging guidance: BUY if commodity is currently under-priced or WAIT if commodity is currently over-priced. Program offers accounting and reporting features, charting for technical analysis, customizable hedging parameters, and daily weather updates.
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Original Press release
Planalytics, Inc.
1325 Morris Drive
Wayne, PA, 19087-5521
USA
Planalytics, Inc. Enhances Commodity Hedging and Risk Analysis Services With Introduction of Planalytics EnergyBuyer
WAYNE, Pa., Jan. 10 /- Planalytics, Inc. announced today the release of Planalytics(R) EnergyBuyer(SM), a hedging and risk analysis platform for multiple energy commodities. The EnergyBuyer helps companies manage risk exposure and reduce energy costs by continuously monitoring, analyzing and forecasting market conditions and suggesting when hedging actions should be taken because prices are low or when hedging actions should be avoided because prices are too high.
The EnergyBuyer expands on the proven Planalytics GasBuyer(SM) tool which, since 2000, has successfully guided commercial and industrial end-users, gas distributors and power generators through an increasingly volatile and fast- moving natural gas market. Built on this foundation, the EnergyBuyer brings in New York Mercantile Exchange (Nymex) pricing for natural gas, heating oil, crude oil, propane, coal, RBOB (gasoline) and PJM electric and then applies Planalytics' patented modeling and forecasting technologies to present users with hedging suggestions for specific commodities and months.
"We are very excited to bring the expanded capabilities of the EnergyBuyer to companies struggling to contain costs as price uncertainty and the associated risks continue to increase across the energy spectrum," said Paul Corby, Planalytics' senior vice president. "The EnergyBuyer is a single source solution for busy purchasing professionals and energy managers looking for a valuable, comprehensive and unbiased resource that can help them stay on top of the constant flow of critical information and market moving variables that influence prices."
The EnergyBuyer captures and analyzes the fundamental, technical, trading and weather dynamics that combine to impact the price of each energy commodity and, using Planalytics' analytical and forecasting technologies, translates this information into straightforward hedging guidance: BUY (commodity is currently under-priced) or WAIT (commodity is currently over-priced).
The EnergyBuyer also offers accounting and reporting features, charting for technical analysis, customizable hedging parameters and daily weather updates. In addition to the web-based tool, Planalytics provides specialized support services to all EnergyBuyer clients from personal consultation on hedging strategies to daily phone access with an energy meteorologist. Planalytics does not transact nor have any other interests in either the physical or financial energy markets, enabling the EnergyBuyer to offer independent and informed analysis that companies can use to optimize hedging and risk management decisions.
About Planalytics, Inc.
Planalytics, Inc. is the singular global source of Business Weather Intelligence(SM) - the actionable information companies need to understand and optimize the impact of weather on their business. Weather is the most volatile of all external factors affecting business performance and Planalytics helps companies proactively manage this risk. Powered by an unparalleled database of weather's financial and volumetric impacts, proprietary forecasting technologies and market-specific expertise, Planalytics' Business Weather Intelligence is essential to any company, in any industry, looking to effectively shape strategies, pinpoint opportunities and make more profitable decisions. For more information, visit http://www.planalytics.com/.
CONTACT: David Frieberg, Marketing Director of Planalytics, Inc., +1-610-407-2905, or dfrieberg@planalytics.com
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