Volue launches its cloud-based auction management system to support energy traders

Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has today launched its new Volue Auction Bidding solution to the energy market. 

The cloud-based product is designed for day-ahead and intraday auction traders participating in European power exchanges, including EPEX and Nord Pool.  

It has been introduced to enable users to streamline and control the entire bidding process, from bid generation and validation to results tracking and data integration, within a single, centralised system. The software supports the change to 15-minute market resolution in the day-ahead auction.  

Available to use immediately, the SaaS offering allows users to switch between major power exchanges while maintaining a consistent interface, simplifying market participation. It also introduces automated bidding processes and easier management of portfolios.  

Users can manage and validate sub-portfolios with the ability to aggregate or disaggregate bid matrices. This provides flexibility and precision in bidding across different portfolio segments, streamlining bidding at sub-portfolio or unit level. 

Felipe Lanza, Head of Trading Software, Volue, said: “Energy traders often face the significant challenge of managing complex bidding operations across multiple exchanges, while maintaining strict compliance with market rules. 

"We understand the time-consuming nature of these manual processes and the increased risk of errors they introduce. In response to these needs, we’ve introduced Volue Auction Bidding to streamline workflows and provide traders with the ability to easily and reliably manage their bidding operations, however complex they might be.”