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SoftSmiths Successfully Transitions Customers to New ERCOT Nodal Market

Houston, TX. – December 1, 2010 – SoftSmiths, Inc., a leading energy software solutions and services company, today announced that more than 10 market participants successfully transitioned to the new ERCOT Nodal market supported by its SoftSmiths Market-ERCOT power scheduling/bid management and settlement solution.

The new ERCOT power market went live today after significant changes that transitioned it from a zonal model to a nodal structure with day ahead and ancillary service markets. SoftSmiths offers market participants with or without resources, a smooth entry into the new ERCOT market with its SoftSmiths TMS suite of applications that can be deployed on-site at the customer or delivered through its Software-as-a-Service delivery model.

“By choosing SoftSmiths, our customers recognized the flexibility of our offering, both in terms of functionality and deployment options, that makes it easy for them to manage their scheduling and settlement activities”, said Hugo Stappers, Director of Sales and Marketing at SoftSmiths, Inc. “By leveraging our e-Link API for system integration they further improved the efficiency of their QSE operations in a Nodal market that will see increased commercial activity with higher transaction volumes”.

SoftSmiths Market-ERCOT provides ERCOT market participants the bid/offer/schedule submission and settlement functionality to automatically submit trades information to ERCOT, run a shadow settlement and identify discrepancies in ERCOT charges thereby reducing reconciliation activities. http://www.softsmiths.com/dm-ercot.htm

About SoftSmiths

SoftSmiths, Inc. delivers critical electronic energy trading and operations solutions and services that enable energy industry participants to enhance profitability and reliability in the competitive marketplace. SoftSmiths' proven solutions and in-depth knowledge of the industry's business practices allow its customers to automate manual processes, eliminate redundancies, and increase business visibility across the enterprise to allow faster decision making and more informed decisions, thereby improving profitability, operational efficiencies and cash flow. The company has been successfully delivering e-business solutions to energy service companies since 1997.

SoftSmiths is a registered trademark of SoftSmiths, Inc. All other products are trademarks or registered trademarks of their respective companies.

Contact Information:

SoftSmiths Inc.
Hugo Stappers
Phone:    713.626.9184
Fax:          713.626.0186
Email:      mkt@softsmiths.com
Website:  www.softsmiths.com

 



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