Italy is the second largest market for natural gas in Europe, 39% behind Germany but 20% ahead of France.
LAUSANNE – DECEMBER 5, 2022 – Datapred today announced that its digital twin for energy buyers now offers access to EEX's spot and futures gas prices for the Italian market (PSV hub).
With that update, Datapred provides out of the box coverage for gas and power prices in France, Germany, Italy and the Netherlands (TTF hub), as well as for emission allowances.
We have had increasing traction in Italy during the past six months” said Nicolas Mahler, Director of Datapred. “We are glad that Italian energy buyers can now benefit from Datapred's analyses, forecasts, what-if scenarios and buying/hedging recommendations for EEX's PSV products.”
Historically high natural gas prices in 2022 have driven a majority of European energy-intensive companies to challenge their legacy energy procurement strategies. Under Board pressure, buyers are looking for more reactivity and sophistication (without transforming into energy traders), and always optimizing their buying and hedging decisions for the company's operational specificities.
Italian companies have been particularly affected by energy market turmoil, with a third of the managers surveyed by the Bank of Italy in October declaring a downward revision in their investment plans for the remainder of the year.
Founded in 2015 and based in Lausanne, Switzerland, Datapred is a digital twin for raw material and energy buyers. Datapred uses machine learning, operations research, and tens of external and internal data streams to give buyers a clear view of where they are, where they need to go, and how to get there — shaving 3-5% off their commodity costs along the way.
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