Philadelphia Gas Works Selects Planalytics Natural Gas Risk Management Service
BERWYN, Pa., Feb. 23 /PRNewswire/ -- Planalytics, Inc. announced today that Philadelphia Gas Works (PGW), the nation's largest municipal gas utility, has subscribed to its EnergyBuyer® Service. PGW will use the EnergyBuyer Service for daily analysis of market prices and to identify opportunities to cost effectively purchase natural gas for its customers.
"Sorting through the all the noise and volatility in today's natural gas market is a challenge," said Paul Corby, Senior Vice President – Energy at Planalytics. "Planalytics will give PGW the market visibility it needs to stay on the right side of price movements and contain costs for its customers."
As a client, PGW has 24/7 access to the EnergyBuyer website with live pricing from the Chicago Mercantile Exchange (CME); buying/hedging suggestions which extend 18 months into the future; accounting and reporting functions; and charting and market research tools. The EnergyBuyer website continuously tracks and analyzes the key fundamental, financial and technical factors influencing natural gas prices and distills this information into specific "Buy" or "Don't Buy" suggestions for individual months. EnergyBuyer clients also receive support services that include direct access to Planalytics meteorologists and market experts, weekly e-newsletters, consultation on risk management strategies and Alerts ahead of significant weather events.
About Philadelphia Gas Works
Founded in 1836, The Philadelphia Gas Works (PGW) is owned by the City of Philadelphia and is the largest municipally owned gas utility in the country. It manages a distribution system of approximately 6,000 miles of gas mains and service pipes supplying approximately 500,000 customers. PGW's operations are managed by a nonprofit corporation, the Philadelphia Facilities Management Corporation (PFMC), which is appointed by the Mayor of Philadelphia. More information about the company is available at www.pgworks.com.
About Planalytics Inc.
Planalytics, Inc. is the singular global source of Business Weather Intelligence® – the actionable information companies need to understand and optimize the impact of weather on their business. Weather is the most volatile of all external factors affecting business performance and Planalytics helps companies proactively manage this risk. Powered by an unparalleled database of weather's financial and volumetric impacts, proprietary forecasting technologies and market-specific expertise, Planalytics' Business Weather Intelligence is essential to any company, in any industry, looking to effectively shape strategies, pinpoint opportunities and make more profitable decisions. For more information, visit www.planalytics.com.
SOURCE Planalytics, Inc.
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