For Midas’ customers, if they want to trade with different electricity suppliers for example, they can use the data from the PFCs to be confident in having reliable and trustworthy real-time energy prices. They are also then able to use live updating price quotations in order to hedge customer portfolios effectively, or even purchase power at prices pre-defined by customers.
Montel PFCs (provided by Montel Price It) can also be used in this scenario to price deviations. Where a customer liquidates in the middle of a contract, any energy purchased for that agreement needs to be sold back to the market. You can then use them to see whether you are set to win or lose based on current market prices, or even discover when the optimal time to sell would be.
Thomas sums things up easily when he says “seeing where gas and power prices will be in future is what enables us to say we are helping our customers to minimise price-risk and make them more profitable. We could not do that without Montel PFCs.”