Energy Trading and Risk Management (ETRM) System
Crown Commercial Service · United Kingdom
Key facts
- Contract value
- £1,300,000
- Awarded
- 25 Feb 2025
- Contract starts
- 25 Feb 2025
- Contract ends
- 24 Feb 2027
- Procedure
- Open procedure (below threshold)
- Buyer type
- Central government
- Source
- Contracts Finder
Awarded to
| Supplier | Value |
|---|---|
| A list of successful suppliers can be found in the attachments a | £1,300,000 |
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 £1.5 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's 'single source of truth' 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's ability to provide its customers with risk managed products for power and gas.
Categories (CPV)
- 48000000 Software package and information systems
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