The Project:
High volume congestion trading business expanded into environmental products. Securing these new transactions into the CTRM platform was an imperative.
About the Client
Diversified power and gas services provider and high-volume trading shop
Industry
Downstream > Electricity
Commodities
Renewables
Power
Gas
Congestion
Derivatives
Technologies Deployed
Allegro
Broadpeak
K3
ICE
CME
Nodal
Essentia Solution Offerings
CTRM Deployment
Cloud Managed Service
Essentia Provided:
- Essentia deployed deal-to-cash capabilities for over 20 North American renewable energy certificates (RECs) and emissions products.
- Customized the vendor’s environmental products module to meet sub-deal inventory receipt, as well as sub-hourly valuation, mark-to-market reporting, and matching requirements.
- Integrated the CTRM with 3rd party software Broadpeak K3 to support capture and reconciliation of environmental exchange trades.
Client Benefits:
By capturing the REC business alongside power, gas, and congestion, a holistic view of all trade portfolios enables optimal position management and profitability for this trading shop.