Energy Trading and Risk Management (ETRM) System

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    "datePublished": "2024-11-11T15:12:37Z",
    "description": "The Energy Trading and Risk Management system (ETRM) was used by Trading and Risk to manage the CCS energy portfolio for more than 1,200 customers across the Public Sector with a total spend of more than \u00a31.5 billion per annum. The Energy Trading and Risk Management system (ETRM) was used to record trade and demand forecasts, calculate open positions and valuations based on market prices, and serves as Trading and Risk\u0027s \u0027single source of truth\u0027 for portfolio reporting and information. CCS was seeking to replace its current ETRM by sourcing a replacement, cloud based system. This was an off-the-shelf ready to deploy software procurement, rather than a software development project. The ETRM would support CCS\u0027s ability to provide its customers with risk managed products for power and gas.\r\n\r\nAdditional information: Pursuant to termination detailed within the modification notice published on 24/09/2025, this contract is awarded to the supplier ranked second in RM6385 in replacement to ensure continuation of service.\r\n\r\nThe Contract will be established for 24 months with the option for us to extend for 3 12 month periods (2+1+1+1).",
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