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Ethanol Producer Western Plains Energy Selects Planalytics for Natural Gas Market Guidance |
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February 27, 2008
Planalytics, Inc. announced today that Western Plains Energy LLC has licensed its EnergyBuyer®. Western Plains Energy will use the EnergyBuyer to monitor the natural gas market and reduce energy costs for its ethanol plant in Oakley, Kansas.
“Ethanol companies know all too well how important it is to manage commodity costs,” commented Paul Corby, Planalytics Senior VP, Energy. “With the EnergyBuyer, Western Plains Energy will be able to protect margins by staying on top of a fast-moving natural gas market and proactively managing their financial risk.”
Planalytics EnergyBuyer is a price analysis and buying advisory service used to manage volatility and the increasing financial risk in energy markets. The service includes access to the EnergyBuyer website with live pricing (Nymex and Globex); buying, hedging and risk management suggestions; accounting and reporting functions; and charting and market research tools. 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 weather alerts.
The EnergyBuyer platform continuously evaluates market conditions to determine when prices are attractive or too high, delivering clients straightforward purchasing guidance in the form of “buy” or “wait” suggestions for individual commodities and months. Suggestions are based on Planalytics’ analytical models and predictive technologies that project how prices will be influenced by a combination of variables that include fundamental factors (demand, inventory levels, etc.), technical analysis (support and resistance levels, etc.), trading dynamics (open interest, spread positions, etc.) and future weather conditions. Pricing and suggestions are available for natural gas, heating oil, crude oil and RBOB (reformulated gasoline).
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.
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