The past years have seen an emergence of renewable electricity generation which caused a shift to short-term and intraday trading. Traders use the intraday market to optimize their position to reduce risks associated with unexpected imbalance prices charged by the TSOs, while others see the Intraday Market as an important tool for their portfolio management.
Digitization is the process of converting information from analog into a digital (i.e. computer-readable) format. It increases the efficiency of business processes. In the field of commodity/energy trading, C/ETRM systems provide a solution to accomplish this. To further improve the efficiency and speed of those work flows, Robotic Process Automation (RPA) is being introduced to
Most market participants will not have missed the activities around upcoming changes on the regulatory and accounting side. While most are aware, are most also ready? Time is running out with the first change as soon as November 1, and significant other changes effective by January 2018. Revisions to EMIR will be up first. For
Across Europe, consumers choose renewable electricity and do so on a large scale. In both liberalized and monopolized markets consumers are having an increased influence on the production of electricity by specifying the product they wish to use. Guarantee of Origin (GO) certificates are issued to renewable energy producers and the electronic document is used
While recognizing its importance to an efficient and effective trading process, for many trading firms it still takes a laborious and manual effort to know who their approved counterparties are, which products they can trade, and to access certification and compliance paperwork. The quality of products delivered as well as increasing food safety legislation, require
Next Generation C/ETRM Solutions When C/ETRM systems were introduced 20 years ago, the goal was to automate the complex and routine tasks and business processes of commodity trading, eliminating manual processes, reducing costly errors, minimizing operational risk and increasing efficiency. Today we live in an age of digital transformation, artificial intelligence, virtual reality, blockchain, and
Companies undertaking implementation of C/ETRM systems seek to reduce the risk of delays and exceeding budget. Actively collaborating creates a foundation for finding effective solutions and an environment where both vendor and customer have skin in the game and failure is not an option. To accommodate this process, following an iterative implementation methodology such as
A C/ETRM Solution: The Way You Want It The message from surveys in the Commodity/Energy Trading and Risk Management (C/ETRM) software market have been consistent in the past few years: Customers want less costly, proven C/ETRM functionality that is implemented faster, with reasonable flexibility as their business process is apt to change more frequently. This
