Pioneer Solutions - Rolling out a new ETRM Solution to the Market
I had a chance recently to visit with David Leevan, Pioneer Solutions’ VP of Sales about their newly developed and available solution for energy trading and risk management. According to David, the company has now completed, and is near to signing their first clients for TRMTracker, a product designed to meet the needs of the mid-tiers of the power and gas merchant markets, in addition to serving the Euro petroleum markets.
The product joins a family of “Tracker” products, including the company’s RECTracker (designed to manage the life cycle of renewable energy certificates and compliance, including capture, trading, risk management, compliance reporting and back office), FASTracker (for FAS hedge accounting tracking and compliance), and others, including EmissionsTracker, SettlementTracker, and ComplianceTracker.
According to David, the company was able to leverage much of their development of RECTracker, allowing them to build out a fully functional ETRM product quite economically. This leverage has allowed them to be very aggressive in terms of pricing and make available a full ETRM solution to a group of companies that have been typically priced out of the markets.
I haven’t yet had a chance to view the product live. Given the price point and breadth of functionality it appears to have, Pioneer Solutions should find a ready market in the smaller and mid-sized merchant trading shops.
You can find out more about the company and products here.