Energy One (ASX: EOL)

Energy One (ASX: EOL) is a software and services provider serving wholesale energy market participants in Australia, UK and Europe. Energy One software allows users to dispatch and trade electricity and gas, while the Energy One services division provides energy trading and risk management services to energy market participants. While the vast majority of Energy One revenue is recurring, or quasi-recurring in nature, the margins differ between different product lines. Software revenues enjoy the highest margins, followed by service revenues, then lastly one-off implementation projects.