Energy Trading System Architecture with Configurable Business Logic
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Solution Overview
Problem
The energy trading software market faces limitations such as inability to adapt to changing business environments, limited extensibility, and inability to satisfy the needs of rapidly changing markets, particularly in the gas marketing sector, leading to issues like duplicate data entry across multiple systems and formats.
Innovation Solution
A system architecture for energy trading and transaction management that includes a business logic server-based layer and a database layer, utilizing open standards like SOAP and J2EE, enabling parameter-based configuration, scalability, integration, and customization to support various business practices and client-specific needs.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If multiple separate systems are used for different business functions, then specialized functionality for each function is achieved, but data duplication and system integration complexity increase
Solution Approach 1:
The patent merges multiple separate business systems (trading, accounting, operations) into a single integrated energy trading system. The system uses a unified database schema and common data structures that are shared across all modules, eliminating the need for separate systems while maintaining specialized functionality through modular design.
Solution Approach 2:
The patent creates a universal system architecture where a single system performs multiple business functions (trading, accounting, operations, reporting). The system uses polymorphic data structures and configurable business logic to handle diverse functions within a unified framework, reducing system integration complexity.
2Adaptability or versatility
If multiple databases in different formats are used, then data storage for different business requirements is achieved, but duplicate data entry and data consistency issues arise
Solution Approach 1:
The patent implements homogeneous data storage using a unified database schema with standardized data structures (e.g., Deal, Contract, Position objects). All business functions use the same data formats and storage mechanisms, eliminating the need for multiple databases in different formats and preventing duplicate data entry.
Solution Approach 2:
The unified database schema is designed to serve multiple business functions simultaneously. The same data structures support trading, accounting, operations, and reporting requirements, allowing a single data entry to serve multiple purposes without duplication.
3Ease of operation
If traditional gas marketing software model is used with separate operations for each function, then detailed control over each operation is achieved, but extensibility and adaptability to new markets are limited
Solution Approach 1:
The patent segments the system into independent modular components (trading module, accounting module, operations module) that can be configured and extended separately. Each module maintains detailed operational control through its own business logic while the modular architecture enables easy extension to new markets and functions.
Solution Approach 2:
The system uses dynamic configuration capabilities where business rules, data structures, and operational parameters can be modified at runtime. This allows the system to adapt to new markets and business requirements without requiring extensive reprogramming, maintaining operational control while enabling extensibility.
4Productivity
If existing energy trading products are used, then initial market needs are met, but inability to adapt to changing business environments and regulatory compliance issues arise
Solution Approach 1:
The system implements dynamic adaptability through configurable business rules and parameter-based configuration. The system can adjust its behavior, data structures, and operational parameters in response to changing market conditions and regulatory requirements, maintaining productivity while adapting to new environments.
Solution Approach 2:
The patent uses parameter-based configuration where business logic and system behavior are controlled by configurable parameters rather than hard-coded logic. This allows rapid adaptation to changing requirements by modifying parameters without changing the underlying system architecture, ensuring both productivity and environmental adaptability.
Data Source
AI summary
A system architecture and method for energy industry trading and transaction management includes a business logic server-based layer and a database layer. The business logic server-based layer includes a parameter-based configuration of at least one business logic service. The business logic service is configurable to enable a deployment of the system to be compatible with a respective business practice of at least one client customer. The at least one business logic service is configured to support energy trading and transaction management and to utilize business rules operable on an event basis for processing via an API at least one of energy trading and transaction management data, including data specific to the at least one client customer. The database layer operatively connects to the business logic layer for storing the data processed by the business logic layer in a database.