28 May 2013 07:00
28 May 2013
Brady plc ("Brady")
New Contract
Brady (BRY.L), the leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that EirGrid plc (TSO) has successfully commissioned a single Brady Central Dispatch solution to underpin its core role in controlling the generation of electricity to meet national demand in both the Republic of Ireland and Northern Ireland.
Brady's Central Dispatch solution is a strategic business system for transacting real time dispatch instructions and declarations of operational capability with Centrally Dispatched Generating Units and Interconnectors in the Irish electricity market. This essential 24/7 activity is required to maintain the moment by moment balance of energy production and consumption and incorporates coordination of both the Moyle and East West Interconnectors. Historically, EirGrid plc used two separate Brady Energy solutions tailored to the particular business processes at its EirGrid and SONI subsidiaries. EirGrid plc however identified a single shared solution as a key requirement in its progress towards fully integrated business processes. The Brady solution facilitates both jurisdictional and pan Island dispatch which allows EirGrid plc to transition from the existing separate activities to integrated processes within a single solution, with the additional benefit of being able to consolidate interaction with other core business functions such as near time planning and downstream energy and ancillary market settlement, further supporting EirGrid plc's strategic consolidation objective.
Gavin Lavelle, CEO of Brady plc commented "At Brady we are constantly in tune with the key business drivers in our markets in order to anticipate customer requirements. It is this close involvement with both the market and our customers that enable us to respond in a timely manner to offer solutions that are tailored to market needs." Continuing, he said: "We recognise the mission critical relevance of our solutions to organisations such as EirGrid and consequently the need to work in partnership to deliver a secure and reliable solution, providing greater operating efficiency and a solid basis for growth. We are delighted at the trust shown in Brady by EirGrid and we are committed to continuing to strengthen our customer partnerships to ensure that they can meet the challenges of the ever-changing market environment."
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Tony Ratcliffe, Finance Director | Telephone: +44(0)1223 479479 |
Cenkos Securities plc Ivonne Cantu / Camilla Hume Alex Aylen (Sales)
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Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Rebecca Sanders-Hewett / David Ison | Telephone: +44 (0)20 7382 4730
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About Brady
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined, unrefined and scrap metals, soft commodities and agriculturals.
Brady has 25 years' expertise in the commodity markets with some 300 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, recycling companies, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
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