Industry: Energy Business
HECTOR 1.0
Energy utility pricing and contract management application, focusing on Price Adjustment (PA) scenario simulation.
Energy Utility Group
The partner is a large-scale energy utility provider in need of a digital solution to manage millions of contracts and forecast market price fluctuations.
Headquarters
International / Europe
Address
Energy Supply Segment (Electricity/Gas)
Website
https://schwarm.com/
Industries
- Energy Supply
- Utility Contract Management
- Price Analysis
E-Invoicing Standards
- Energy Pricing Models
- Basic Energy Supply Regulations
- Utility Billing Standards
Context & Goals
Executed from October 2020 to March 2023, HECTOR is the core system helping energy analysts create, calculate, and manage Price Adjustment (PA) scenarios.
Needs
- Automation of price creation and calculation for energy contracts
- Management of diverse contract portfolios (electricity, gas, basic supply)
- Simulation of financial impacts before applying actual price changes
- Consolidation of price approval workflows across analytical departments
Collaboration Goals
- Develop an intuitive and accurate Price Adjustment (PA) simulation tool
- Centralize large-scale energy contract management
- Integrate complex Python calculation logic into the user interface
- Ensure systematic review and approval of price changes
Technology
Frontend
- React
- React Context API
- Data Visualization (Charts)
- Advanced Table Filtering
- Multilingual Support (i18n)
Backend / Integration
- Python
- FastAPI / Flask
- Pricing Calculation Engine
- Business Logic Layer
Infrastructure / DevOps
- MSSQL Server
- Stored Procedures
- On-premise or Cloud Deployment
Runtime
- Python 3.x
- Node.js
Architecture
- Client-Server Architecture
- Centralized Database
- Scenario-based Data Modeling
- Approval Workflow Engine
Solutions
Price Adjustment (PA) Scenarios
- Create and manage price adjustment scenarios for energy contracts
- Utilize Python for complex financial calculations
- Simulate profit and customer impact for each scenario
Energy Contract Management
- Detailed management of electricity and gas supply contracts
- Support for multiple supply types: utility, basic, default
- Search and filtering features for massive contract portfolios
Review & Approval Workflow
- Provide tools for analysts to review price scenarios
- Multi-level approval system before changes take effect
- Audit trails for history tracking and compliance
Data Integration & Storage
- Use MSSQL Server for data security and consistency
- Process complex portfolio analysis report queries
- Synchronize new pricing data into customer management systems
HECTOR 1.0
Start your project today!
Leave your information, our expert team will contact you for a free consultation within 24 working hours.