TPT launches Power XL, buys Energy Crossroads

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Software provider Triple Point Technology (TPT) launched Power XL, a new trading system designed specifically for power and natural gas markets, on March 4.

Developed by Westport, Connecticut-based TPT in close co-operation with Ohio-based Cinergy, Power XL enables utilities and power trading companies to calculate and analyse volumetric risk – the impact on revenue resulting from swings in demand for power – particularly on an hourly basis.

The software uses several scenario- and value-based

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