Painful mistakes
Despite the sophistication and bespoke nature of today's energy trading and risk management (ETRM) software, the use of spreadsheets remains widespread, bringing with it a huge increase in operational risk.
Estimates for the number of spreadsheets in use at any one time range from thousands to even millions for larger organisations. A recent survey of 32 energy companies by ETRM software vendor Triple Point Technology found 70% use spreadsheets or internally-assembled systems to manage
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