LODESTAR Corporation

LODESTAR Corporation

October 18, 2005 13:25 ET

EDF Energy Selects LODESTAR to Improve Efficiency

Attention: Business/Financial Editor, Energy Editor, News Editor LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 18, 2005) - LODESTAR announced today that EDF Energy has purchased a license for LODESTAR's PricingExpert® to improve efficiency in their existing business. EDF Energy supplies gas and electricity to around five million customers making it one of the largest energy companies in the United Kingdom.

Deregulation over the past fifteen years has made the United Kingdom one of the most competitive markets in Europe. EDF Energy needed to rapidly respond to the resulting competitive pressures with an adaptable solution. The optimal solution needed to be flexible enough to address each individual customer's needs and to adapt to ongoing market changes. At the same time, the solution needed to integrate with the existing Customer Contract Management System to provide a seamless process. EDF Energy found the solution they sought in PricingExpert.

"We chose PricingExpert because of its ability to meet all of the functional requirements, its flexibility to adapt to changing market/competitive pressures, and because of LODESTAR's demonstrated understanding of the business," says Helen Fairlamb, Pricing Manager Major Business, EDF Energy.

PricingExpert's ability to consolidate cost management and pricing into one system will enable EDF Energy to make their processes more efficient and face market challenges head-on.

About LODESTAR Corporation

LODESTAR is a world-leading provider of energy software solutions. Over 120 leading energy companies use our solutions worldwide. LODESTAR Corporation's headquarters is at Two Corporation Way in Peabody, MA 01960 USA. LODESTAR and LODESTAR's other marks are either trademarks or registered trademarks of LODESTAR Corporation in the U.S. and/or other countries. All other brands or products are trademarks or registered trademarks of their respective holders and should be treated as such.

About EDF Energy

EDF Energy is one of the UK's leading vertically integrated energy companies, touching the lives of millions of people every minute of every day.

EDF Energy supplies gas and electricity to five million customer accounts through our brands: London Energy, SWEB Energy and Seeboard Energy, and is a major generator of power. EDF Energy is also the country's largest public and private electricity network operator, distributing electricity to over a quarter of the UK population.

EDF Energy employs over 11,300 people across the UK and is part of the EDF Group, one of the largest energy companies in Europe, with key business operations in France, the UK, Germany and Italy.
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IN: ENERGY

Contact Information

  • Carolyn Heinen, Marketing Communications Supervisor, LODESTAR Corporation
    Primary Phone: 978-573-4674