Electricity minnow dives into risk management pool

Simply Energy commercial manager Murray Dyer says SEL Capital will provide trading and risk management advisory services

Simply Group boss Murray Dyer explains why the company is launching into risk management and trading.

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Private energy company Simply Group has launched a new arm focusing on risk management and trading services.

Simply Group has been simplifying the process of buying, selling and managing energy and utility services for property companies, businesses and alternative power generators for a decade.

As a result of its growth, Simply Group has identified a gap in the market to provide trading and risk management fixes and has launched SEL Capital, alongside its subsidiary businesses – Simply Energy, Tenco and its jointly owned system business, Axos Systems.

Simply Energy, which has been servicing independent electricity generation, commercial and industrial businesses for a decade, says some financial brokers cannot physically settle energy to provide structured answers, while large generator-retailers have standard supply products they are unable or unwilling to provide tailored services for.

Group commercial director Murray Dyer, who will spearhead the new services with Paul Mead, says SEL Capital will provide trading and risk management advisory services for policy, analysis, reporting and implementing risk management plans.

“We will work with authorised brokers to structure future contracts into physically settled generation and supply hedge arrangements,” he says.

“The new service was spawned by Simply Energy’s B2B business model and ability to structure physical and financial deals that put the company in a position to develop a new service line.

“We believe this is a positive market development that will provide a greater range of services for independent generators, independent retailers and commercial energy users,” Mr Dyer says.

The group has more than 70,000-meter connection points under management across electricity, gas, water and waste.

Subsidiary businesses include Tenco which provides network utility solutions for more than 100 property group businesses, Simply Aqua, which provides meter data management, reconciliation, billing and analytic services to water companies, property groups and local councils. And part-owned business Axos Systems licenses its utility meter data management and billing products to energy and utility network and retail companies.

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