As Altrade Power nears its one-year birthday, its operator Altrareleased some of the transaction statistics of the independent onlineenergy trading exchange. August saw personal bests being broken by theonline trading platform in power, natural gas liquids, and naturalgas, the company said (see Daily GPI,Oct. 25, 1999).
Altrade Power did 18.9 million MWh for the month of August,rising above its previous record of 14.8 million MWh set back inFebruary. Power also enjoyed a 25% increase in users since thebeginning of this year, the company said.
Altrade NGL/Crude also experienced a record-setting August. OnAug. 16, natural gas liquids did 2.6 million b/d setting a dailybest, with a record-setting 140 transactions. The day helped makeAugust the highest NGL volume month with 27.9 million bbl traded.
Natural gas is also putting up top rate numbers. Altrade Gas hasseen volumes rise by more than 200% since this time last year.Altra said second quarter 2000 financial gas volumes were overtriple the volume traded for the first quarter of 2000.
“Our numbers indicate that we will significantly surpass ourfigures from last year, which is exciting news for our company andfor the entire industry,” said Paul Bourke, Altra’s CEO. “Thenumber of trades transacted on our systems this year is 42% higherthan this time last year.”
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