home keyboard_arrow_right Customers keyboard_arrow_right Cost-effective and uniform trading in the Elbas balancing power market keyboard_backspace Power-Deriva and Wapice cooperate to create an application on the IoT-TICKET® platform for automating Elbas trading. Together, they built a trading robot that is used in the electricity market to balance the fluctuation of actual consumption. In 2016, the Nord Pool Electricity Exchange announced that it would add Application Programming Interface (API) services to its Elbas Trading System. This decision enabled Power-Deriva to automate Elbas trading which had until that time been done manually by an external service provider. Wapice IoT-TICKET® was chosen as the platform for creating an application that would communicate with Nord Pool's Trading System. Using the design tools' ready-made components, Power-Deriva was able to make desired modifications as well as tune-up and optimise the operation and logic of the trading algorithm. “The advantage of the platform is that we have been able to build on our expertise and create solutions on the platform, thus avoiding time-consuming work on specifications. Working with modifications has also been very simple,” says Susanna Valkonen. The advantage of the platform is that we have been able to build on our expertise and create solutions on the platform, thus avoiding time-consuming work on specifications. Susanna Valkonen, Physical Trading Specialist, Power-Deriva Oy As a result of the new approach, Power-Deriva’s trading improved significantly in terms of both cost savings and quality. The consistently better response capacity and quality compared with the previous manual system result in permanent financial savings. “Our goal in the development of the Elbas trading algorithm was to achieve cost savings and thus manage better in the competitive market. This goal was well achieved,” comments Mika Laakkonen. “This is a great example of what IoT-TICKET® can be used for,” says Jyrki Keskinen, Director of Energy Business at Wapice. “Since IoT-TICKET® does not restrict the type of data passing through, different solutions can be built on the platform using the components of the design tool. IoT-TICKET® combines data and provides customers with a fast and intuitive way to digitise their service,” adds Keskinen. Additional Information Related Products arrow_upward chatLet's Get Started EMAIL ADDRESS MESSAGE CATEGORY General Product inquiries Marketing Recruitment MESSAGE SUBJECT MESSAGE I AGREE WITH OUR PRIVACY POLICY Send Wapice Ltd. VAASA (HQ), VAASA (RUNSOR), VAASA (ENERGYLAB), HELSINKI, HYVINKÄÄ, JYVÄSKYLÄ, OULU, SEINÄJOKI, TAMPERE, TURKU +358 10 277 5000 INFO@WAPICE.COM OUR PRIVACY POLICY We use cookies to ensure you get the best experience on our website. COOKIE POLICY. COPYRIGHT © 2021 WAPICE LTD. LATEST NEWS 2ND DEC The new IoT platform of the City of Tampere has been implemented, the first use cases are ready 13TH SEP Alihankinta fair: on site or virtually 1ST JUL Framery & Wapice: Intelligence and state-of-the-art technology for Framery One pods 17TH MAY Industryforum Smart Machinery and Services event 20.5.2021 11TH MAY Webinar: From Request for Quote (RFQ) to Quote - This is how you digitize the sales process 6TH MAY Webinar: Productizing IoT – Case Schaeffler OPTIME 3RD MAY Webinar: Accelerate the construction of digital services with IoT platform and seamless integrations NAVIGATION Services Products Careers Customers News & Events Insights Contact PRODUCT SITES IoT-Ticket mail_outline