This breakthrough survey of European users of Energy Trading, Transaction and Risk Management (ETRM) software was conducted by UtiliPoint International, Inc. during November and December, 2006 and January 2007, and fifty valid responses to the survey instrument were collected. The fifty responses include a variety of ETRM users and recommending companies across the broader European Union. Responses were obtained either by interview or by completion of an internet-based version of the questionnaire.

The report details the findings of the study including;

• - ETRM vendor brand recognition in Europe
• - Who is the perceived market leader and why
• - Installed base among respondents
• - What European buyers want in a new ETRM system
• - Replacement rates and procurement rates in 2007 and beyond
• - Where buyers go for vendor and product information
• - And a comparison with North American ETRM buyers

This CommodityPoint study provides the latest analysis of the trends impacting the market for ETRM software in North America, and provides a quantitative analysis of the size of that market. Included in this report (a follow-on to UtiliPoint's 2006 North American ETRM Market Sizing and Analysis report) is an expanded examination of market forces and trends impacting market players and the providers of ETRM solutions and services. This analysis and report is backed by UtiliPoint's proprietary research and models, and provides a five year overview of the market from 2006 through 2010 covering the four primary drivers of revenues -new license sales, incremental license sales (or sales to existing customers), associated support and maintenance, and services associated with implementation of new ETRM systems. Additionally the report provides a detailed examination of the current market size, including market size by commodity and industry segment.

CommodityPoint believes this 36 page report to be the most comprehensive examination of the North American market for ETRM products available, and is critical information for investors, software firms, consulting organizations and others to support investment decisions and guide the allocation of resources (both capital and human).

This study was sponsored by The Structure Group and RiskAdvisory (A Division of SAS).

In the spring of 2007, UtiliPoint International, Inc. began a survey of European energy traders and utility companies with the objective of benchmarking and understanding their trading application and IT environment, application portfolio and levels of integration. In some respects, the study was similar to that conducted by UtiliPoint in North America in 2004. The survey did not ask about their ETRM software solution but rather the systems used around it and the levels of integration between them. The current study also looked at the IT architectures and infrastructure that support the broader trading business function.

This report provides a view of the levels of maturity of the different application areas around trading & risk management in Europe. For completeness, data has also been utilized from other UtiliPoint reports including the 2007 Benchmarking of European ETRM Software study, the North American survey referenced above and the 2005 North American Gas Company study.