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Development of a Unified European Market Data Portal for Energy Sector Optimization
  1. case
  2. Development of a Unified European Market Data Portal for Energy Sector Optimization

Development of a Unified European Market Data Portal for Energy Sector Optimization

eleks.com
Energy & natural resources

Addressing Data Fragmentation and Inefficiencies in Energy Market Operations

The client faces challenges with highly regulated and complex energy market data, which is fragmented across over 60 independent sources. This hampers timely decision-making, strategic planning, and operational efficiency. The current heterogeneity and volume of data hinder effective analysis, trading, and logistics in the European gas market.

About the Client

A major European natural gas transmission system operator seeking to modernize data access and decision-making processes through a comprehensive digital platform.

Transforming Data Management to Enhance Market Competitiveness and Decision-Making

  • Consolidate real-time and historical European gas market data from over 60 independent sources into a unified, accessible portal.
  • Facilitate faster and more informed trading decisions, operational planning, and cost calculations for market actors.
  • Improve user experience with intuitive visualizations and tools for complex data comparisons.
  • Deliver a scalable platform within a four-month development timeline to accelerate market adoption.
  • Establish the client as an innovative leader in energy market data digitalization.

Core Functional Requirements for the European Gas Market Data Portal

  • Data integration module consolidating data from over 60 sources with normalization and transformation capabilities.
  • Visual dashboards including flow maps, route calculators, maintenance maps, and trading forums.
  • Advanced analytics tools for complex mathematical calculations, aggregations, and actionable insights.
  • User-friendly interface optimized for ease of use, comparisons, and rapid data interpretation.
  • Secure access controls and role-based permissions to ensure data privacy and integrity.
  • Responsive design for accessibility across devices.
  • Customizable alerts and notifications for market events.

Preferred Technologies and Architectural Approaches

Cloud-based data storage and processing infrastructure
Modern web development frameworks emphasizing responsiveness and usability
Data normalization and transformation algorithms
Visualization libraries for charts and maps
API-driven architecture for integration

External System and Data Source Integrations

  • External data providers for real-time gas flow, hub prices, and network statuses
  • Historical data archives for trend analysis
  • Operational systems for maintenance schedules
  • Market price feeds and trading platforms

Non-Functional Requirements for Performance and Security

  • Scalability to handle large and increasing data volumes from 60+ sources
  • High availability with 99.9% uptime to support critical decision-making
  • Data security complying with energy sector regulations
  • Performance optimized for real-time data updates and low latency
  • Clear audit logging and user activity tracking

Projected Business Benefits from Unified Market Data Platform

The platform is expected to significantly improve operational efficiency and decision-making speed for market actors by providing consolidated, real-time data. It will empower faster trade execution, strategic planning, and cost optimization, ultimately strengthening the client's position as an innovative leader in the energy sector with enhanced market insights and user satisfaction.

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