The Project
High volume congestion trading business expanded into environmental products. Securing these new transactions into the CTRM platform was an imperative.
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.
About the Client
Diversified power and gas services provider and high-volume trading shop
Industry
Downstream > Electricity
Commodities
Renewables
Power
Gas
Congestion
Derivatives
Technologies used
Allegro
Broadpeak
K3
ICE
CME
Nodal
Essentia provided offerings
CTRM Deployment
Cloud Managed Service
