Why receive the data this way?
So what is the advantage of this? Put simply, it is the ability to combine the prices with your own data to carry out further analysis. For energy market analysts, this could mean identifying trends in order to work out when to buy and sell.
Data fed in this way comes directly from the exchanges too, giving users instant access to price changes.
For energy consumers, this could mean following prices in order to decide when to hedge your energy purchasing contracts.
Signing up to excel feeder enables you to access price data whenever you need it - which helps keep your energy costs as low as possible. The charting and analysis tools contained within Montel Online also means they can manage their business energy costs more easily.
Both products are easy to use too. In Montel XLF, you can just scroll to the contract you are looking for e.g. German power.
You can then see the various sources that Montel collates this data from (energy exchanges and brokers in this case). The most liquid one in this example is the European Energy Exchange (EEX). Simply select that option and use the filters to find the exact product you are looking for e.g. front-month.
Once this is selected, the data is pulled through from the latest available update time. Fundamental data including power flows, gas storage levels and more are also available via the Excel Feeder.
Ready made templates, among other features, can also feed live or historical data to Short Run Marginal Costs calculations – enabling easy calculation of both spark and dark spreads.
Montel WebAPI is similarly easy to use, with simple queries required in order to pull through updated data.