NGX announced the launch, through its wholly-owned subsidiary Alberta Watt Exchange Limited, of electricity trading on the state-of-the-art NGX TradePath platform this week. NGX TradePath is a browser-based trading system, designed and developed for the WattEx Ancillary Services market and trading partners.
"NGX TradePath is a significant improvement in functionality and brings new efficiencies to our customers," said Jim Oosterbaan, President and CEO, NGX. "The implementation of this new system marks an important upgrade in the level of service we provide. I would like to thank our WattEx customers for their input and support throughout the NGX TradePath development process."
WattEx facilitates electronic contract transactions and clearing functions for electricity Ancillary Services in Alberta. The Alberta Electric System Operator uses WattEx to procure its operating reserve electricity for the Alberta grid.
For more information, please visit www.ngx.com.