Business

Repower using Volue software solutions for hydropower bidding, trading

Repower using Volue software solutions for hydropower bidding, trading
(photo courtesy Repower AG)

Volue reported it has been awarded multiple contracts by Repower, a Swiss electricity producer, distribution system operator and energy trader.

Repower has decided to use Volue’s software solutions — including Ancitra, Auction Bidding and Volue Algo Trader Power — to support Repower’s flexible hydropower plants for auction bidding, continuous intraday trading on EPEX, and ancillary service bidding to the Swiss TSO Swissgrid.

Repower operates along the entire electricity value chain, from generation and trading to distribution and sales. It manages an electricity grid with a total length of around 3,000 km. The company has more than 650 employees across Switzerland and Italy, with an energy production portfolio comprising hydro, wind, solar and thermal, as well as long-term contracts with nuclear holding companies.

“Volue will enable us to fully leverage our flexible asset park, enhancing Repower’s participation in continuous trading and balancing markets, and streamline our bidding process,” said Dario Castagnoli, head of Trading, origination and IT with Repower.

Ancitra and Volue Auction bidding are automated bidding support tools for reserve ancillary service markets and auction markets, respectively. Volue Algo Trader Power supports customers to individually parameterize algorithms and start trading immediately, delivering a reliable platform to automate the intraday trading.

In June 2023, Hydro Review reported that Repower AG had one year left until completion of the repowering of its 27 MW Robbia hydropower plant in Valposchiavo, Switzerland.