Electronic energy trading begins to take hold

The energy industry was a little late to the dot-com party but was not damaged by the market crash of last spring. While slow to embrace electronic commerce, the energy industry is very information-intensive and very conducive to internet applications.Electronic energy trade will firmly take hold for oil, gas, and power trading over the next 2 years. Other internet applications will include e-billing, advanced supervisory control and data acquisition applications, and automation of the procurement and tendering process.The oil and gas industry has been gradually using more energy risk-management tools to manage its financial risks over the past 2 decades. The unprecedented price volatilit...

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