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Example Usage
<h1 style="text-align: center;">Priyant Hirani</h1> <div class="contact"> <p style="text-align: center;"><a href="mailto:phirani2014@gmail.com">phirani2014@gmail.com</a> </p> </div> <div class="section"> <h2 style="text-align: center;"><span style="text-decoration: underline;">Professional Summary</span></h2> <p>Experienced problem solver with a dynamic background spanning roles as a Support Analyst, Developer, and Business Analyst, skilled in navigating the intricacies of the SDLC. My experience includes diverse engagements within the commodities and financial services sectors, contributing value to multiple Fortune 500 companies. Passionate about leveraging technology to drive innovation, I thrive on tackling challenges and delivering impactful solutions that elevate project outcomes and consistently exceed expectations.</p> </div> <div class="section"> <h2 style="text-align: center;"><span style="text-decoration: underline;">Skills</span></h2> <ul class="skills-list"> <li>CXL/TPT, Trayport, ICE, FIX, Jira, Confluence, DevOps, SQL, VBA, Python, XML, SOAP, REST, API, C#, VBScript, SSMS, SSRS, Oracle, PowerBI, Visual Studio, TFS, Git, HTML5, CSS, JavaScript, ITIL v4</li> </ul> </div> <div class="section"> <h2 style="text-align: center;"><span style="text-decoration: underline;">Professional Experience</span> </h2> <table style="border-collapse: collapse; width: 100.026%; height: 27.963px; border: 1px double #000000;" border="1"><colgroup><col style="width: 33.3466%;"><col style="width: 33.3466%;"><col style="width: 33.2929%;"></colgroup> <tbody> <tr style="height: 27.963px;"> <td style="border-color: #000000;"><span class="job-title">Feb 2024 - Present</span></td> <td style="text-align: center; border-color: #000000;"><strong>Gunvor UK Limited</strong></td> <td style="text-align: right; border-color: #000000;">Business Analyst</td> </tr> </tbody> </table> </div> <div class="section"> <ul> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Experienced in various aspects of the commodity trade lifecycle for gas and power, including trade entry, exchange connectivity (Trayport, ICE, etc.), product setup, exchange data mappings, valuation, P&L reporting, risk management, position tracking, confirmations, nominations, operations, invoicing, settlements, market data feeds, forward curves, settlement prices, expiry dates, end-of-day processes and more using CXL/TPT for Power and Gunvors own in house ETRM used for natural gas and other commodities.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Responsible for leading the gathering, analysis, design, and maintenance of modules used by Front, Middle, and Back Office teams.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Maintaining a prioritized backlog of bugs, stories, and change requests, leading development through Daily Stand-ups.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Conducting bi-weekly workshops with Business and IT teams, providing updates on stories and ensuring DevOps specifications are up to date according to user requirements.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Collaborating closely with QA testers to improve testing stories and regression tests.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Developing and maintaining SQL Stored Procedures, alerts, and reports using SSMS, SSRS, and PowerBI.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Exchange Integration – Successfully integrated the Enmacc OTC energy trading platform for both Gas and Power, and the PRISMA platform to enable seamless access to Europe’s largest gas capacity marketplace for transport and storage capacity in auctions.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Conducting comprehensive training for 1st level support and providing 2nd level production support as and when needed.</span></li> </ul> <table style="border-collapse: collapse; width: 100.026%; height: 27.963px; border: 1px double #000000;" border="1"><colgroup><col style="width: 33.3466%;"><col style="width: 33.3466%;"><col style="width: 33.2929%;"></colgroup> <tbody> <tr style="height: 27.963px;"> <td style="border-color: #000000;"><span class="job-title">Nov 2022 - Jan 2024</span></td> <td style="text-align: center; border-color: #000000;"><strong>Gunvor UK Limited</strong></td> <td style="text-align: right; border-color: #000000;">Application Support Analyst</td> </tr> </tbody> </table> <ul> <li style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Provide second-line support in alignment with the agreed Service Level Agreement (SLA), giving regular updates to users on the status of their calls/requests until resolution.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Ensure accurate logging, comprehensive responses, effective escalation, and timely closure of incoming incidents, requests, and calls.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Developing custom SQL queries used for reporting / alert generation</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Generate detailed incident reports containing precise information to enrich the ICT Knowledge Base in tools like ServiceNow and Confluence.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Engage proactively with internal stakeholders, establishing collaborative relationships with users, management, IT focal points, and core-business areas located globally.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Provide training and guidance to end-users on how to use applications effectively and troubleshoot common problems.</span></li> </ul> <table style="border-collapse: collapse; width: 100.026%; height: 27.963px; border: 1px double #000000;" border="1"><colgroup><col style="width: 33.3466%;"><col style="width: 33.3466%;"><col style="width: 33.2929%;"></colgroup> <tbody> <tr style="height: 27.963px;"> <td style="border-color: #000000;"><span class="job-title">Mar 2020 - Oct 2022</span></td> <td style="text-align: center; border-color: #000000;"><strong>Cognizant</strong></td> <td style="text-align: right; border-color: #000000;">Business Analyst / Support</td> </tr> </tbody> </table> <ul> <li style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Interpreting and designing solutions for client requirements to build upon the Merit FINBOS application designed using a combination of C#, C++, VBScript within an MVC design pattern</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Building and configuring trade feeds across a range of financial products</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Creating and updating invoice templates used to upload trades used for reconciliation into the system</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Maintaining broker hierarchy structures and rate cards used to calculate brokerage</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Build and modify UI elements for the desktop and web UI</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Create and execute automated and manual regression tests against test cases derived from client requirements.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Package, Deliver, and assist remotely with installation</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Documentation of release notes</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Provide remote assistance and support to client integration testing, user acceptance testing, and go live</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Contributing content to the knowledge base and providing peer review</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Respond to and work on support requests across the live client base</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Represent Cognizant on technical and functional client calls and meetings</span></li> </ul> <p style="line-height: normal;"> </p> <table style="border-collapse: collapse; width: 100.026%; height: 27.963px; border: 1px double #000000;" border="1"><colgroup><col style="width: 33.3466%;"><col style="width: 33.3466%;"><col style="width: 33.2929%;"></colgroup> <tbody> <tr style="height: 27.963px;"> <td style="border-color: #000000;"><span class="job-title">July 2016 - Feb 2020</span></td> <td style="text-align: center; border-color: #000000;"><strong>Greenergy International</strong></td> <td style="text-align: right; border-color: #000000;">Software Developer</td> </tr> </tbody> </table> <ul> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Implementing change requests to improve system and business efficiency for the main ETRM CXL/TPT focused on a wide variety of transportation fuels.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Gathering and documenting information based on user requirements</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Debugging and resolving issues on internally developed trade related applications written in C#</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Management of the TRO (Trading, Risk and Operations) service desk on all levels of incidents across multiple applications providing root cause analysis and implementing corrective and preventative steps.</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt;">Defining and prioritizing new features, enhancements and fixes for application upgrades</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Producing bespoke SQL alerts via ORACLE and Microsoft SQL </span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Oracle BI reports used throughout the business</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt;">SOX awareness and compliance</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt;">Carrying out full E2E regression testing </span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt;">Running UAT sessions</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt;">Reporting and monitoring issues within the CTRM application </span><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">working alongside the software vendors until resolution using JIRA</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt;">Attending team and vendor meetings to ensure the systems are fit for purpose and functioning as per business requirements</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Developed a strong understanding of the TPT CTRM software as well as the API’s and database tables used</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Service desk KPI reporting</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Providing system training to users and junior staff members</span></li> <li class="MsoNormal" style="line-height: normal;"><span style="font-size: 11.0pt; mso-fareast-language: EN-GB;">Creating user manuals for applications / processes</span></li> </ul> </div>
GitHub - Example Usage
1. Clone (First Time Setup)
16 Feb. 2025
• When to use: When you need to get an existing project from a remote GitHub repository onto your local machine. • In Visual Studio: o Git > Clone Repository > Paste GitHub URL > Select Folder > Clone. • Result: Copies the project to your machine and sets up a Git repository locally.
2. Fetch (Check for Remote Changes)
16 Feb. 2025
• When to use: Before starting work, to check if there are any updates on GitHub from other team members. • In Visual Studio: o Open the Git Changes window and click Fetch. • Result: Fetch tells you if there are new commits on GitHub, but it doesn't merge them into your project yet.
3. Pull (Get Remote Changes)
16 Feb. 2025
When to use: After fetching, if there are new changes on GitHub, you need to pull them into your project. In Visual Studio: Click Pull from the Git Changes window. Result: Pull gets all the new commits from GitHub and merges them into your local branch.
4. Branch (Optional – For New Features or Fixes)
16 Feb. 2025
• When to use: If you’re starting a new feature, bug fix, or experiment, you should create a new branch. • In Visual Studio: o Open the Git Repository window > Click New Branch > Enter a branch name > Create. • Result: This isolates your work from the main branch until it's ready to be merged.
6. Stage Changes (Prepare for Commit)
16 Feb. 2025
• When to use: After coding, select which changes you want to commit. • In Visual Studio: o Open the Git Changes window > Check the files you want to include in this commit. • Result: Stages the selected files to be committed to your local Git repository.
7. Commit (Save Changes Locally)
16 Feb. 2025
• When to use: Once you've staged your changes and are happy with them. • In Visual Studio: o In the Git Changes window, enter a commit message and click Commit. • Result: Saves your changes locally, but they’re not on GitHub yet.
8. Push (Send Changes to GitHub)
16 Feb. 2025
• When to use: After committing, when you want to share your changes with the team or back them up on GitHub. • In Visual Studio: o Click Push in the Git Changes window. • Result: Your local commits are uploaded to the GitHub repository for everyone to see.
9. Merge (Optional – After Finishing Work on a Branch)
16 Feb. 2025
• When to use: After completing your feature or fix in a branch and you want to merge it back into the main branch. • In Visual Studio: o Open Git Repository window > Switch to the main branch > Click Merge > Select your branch > Complete merge. • Result: Combines your branch’s changes into the main branch.
ToDo - Review
whiteboard repo
16 Feb. 2025
<p><a href="https://github.com/thisisnabi/Whiteboard/blob/main/src/Whiteboard/Program.cs">https://github.com/thisisnabi/Whiteboard/blob/main/src/Whiteboard/Program.cs</a></p> <p> </p> <p>edit</p>
tiny mce
16 Feb. 2025
review solutions for updating text editor to include imgs , excel,etc...
support tools
16 Feb. 2025
put tools in app
uni stu
16 Feb. 2025
market
contact ionos / check plans / offers
18 Feb. 2025
<p>contact ionos / check plans / offers</p>
token
27 Feb. 2025
<p>github - 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</p>
homepage code backup
28 Feb. 2025
<p>@{<br> ViewData["Title"] = "Priyant - Software Development Company";<br>}</p> <p><div class="background-page"><br> <video class="fullscreen-video" poster="/images/video-1.jpg" autoplay loop muted playsinline><br> <source src="/images/Untitled.mp4" type="video/mp4"><br> Your browser does not support the video tag.<br> </video><br></div></p> <p><header class="hero-section"><br> <div class="service"><br> <h1>Custom Software & AI Solutions – Built to Scale</h1><br> <p>We build cutting-edge web, mobile, and AI-driven applications tailored to your business needs.</p><br> <a href="/contact" class="cta-button">Get a Free Consultation</a><br> </div><br></header></p> <p><section class="services"><br> <div class="service"><br> <h2>💡 Custom Software Development</h2><br> <p>Scalable, enterprise-grade solutions tailored for your business.</p><br> </div><br> <div class="service"><br> <h2>📱 Mobile App Development</h2><br> <p>iOS & Android applications with seamless user experience.</p><br> </div><br> <div class="service"><br> <h2>🚀 AI & Machine Learning Solutions</h2><br> <p>AI-powered automation and data-driven insights.</p><br> </div><br> <div class="service"><br> <h2>🌐 Cloud & DevOps</h2><br> <p>Secure, scalable, and automated cloud solutions.</p><br> </div><br></section></p> <p><footer class="contact-section"><br> <h2>Ready to Build the Future?</h2><br> <p>Let’s discuss your next big idea. Book a free consultation today.</p><br> @* <a href="/contact" class="cta-button">Talk to Us</a> *@<br></footer></p> <p><style><br> /* Background Video */<br> .background-page {<br> position: fixed;<br> top: 0;<br> left: 0;<br> width: 100vw;<br> height: 100vh;<br> overflow: hidden;<br> z-index: -1;<br> background: black; /* Fallback background */<br> }</p> <p> .fullscreen-video {<br> width: 100vw;<br> height: 100vh;<br> object-fit: cover;<br> position: absolute;<br> top: 50%;<br> left: 50%;<br> transform: translate(-50%, -50%);<br> }</p> <p> /* Hero Section */<br> .hero-section {<br> position: relative;<br> display: flex;<br> align-items: flex-start; /* Moves content to the top */<br> justify-content: center;<br> height: 80vh; /* Reduce height to move next section up */<br> text-align: center;<br> color: white;<br> padding: 20px;<br> padding-top: 30px; /* Reduce padding */</p> <p><br> }</p> <p> .hero-content {<br> max-width: 800px;<br> background: rgba(255, 255, 255, 0.1);<br> padding: 30px;<br> border-radius: 10px;<br> }</p> <p> .cta-button {<br> display: inline-block;<br> padding: 12px 24px;<br> background: #ff4500;<br> color: white;<br> text-decoration: none;<br> font-size: 18px;<br> margin-top: 20px;<br> border-radius: 5px;<br> transition: 0.3s;<br> }</p> <p> .cta-button:hover {<br> background: #cc3700;<br> }</p> <p> /* Services Section */<br>.services {<br> display: grid;<br> grid-template-columns: repeat(auto-fit, minmax(250px, 1fr));<br> gap: 20px;<br> padding: 40px;<br> background: rgba(0, 0, 0, 0.7);<br> color: white;<br> margin-top: -390px; /* Move services UP to close the gap */<br>}</p> <p> .service {<br> background: rgba(255, 255, 255, 0.1);<br> padding: 20px;<br> border-radius: 10px;<br> }</p> <p> /* Contact Section */<br> .contact-section {<br> text-align: center;<br> padding: 50px;<br> background: rgba(0, 0, 0, 0.7);<br> color: white;<br> }<br></style></p>
futuristic html
28 Feb. 2025
<p>@{<br> ViewData["Title"] = "Futuristic Background";<br>}</p> <p><!-- Three.js Background --><br><div id="threejs-container"></div></p> <p><!-- Three.js Script --><br><script src="https://cdnjs.cloudflare.com/ajax/libs/three.js/r128/three.min.js"></script><br><script><br> document.addEventListener("DOMContentLoaded", function () {<br> const scene = new THREE.Scene();<br> const camera = new THREE.PerspectiveCamera(75, window.innerWidth / window.innerHeight, 0.1, 1000);<br> const renderer = new THREE.WebGLRenderer({ alpha: true, antialias: true });</p> <p> renderer.setSize(window.innerWidth, window.innerHeight);<br> document.getElementById("threejs-container").appendChild(renderer.domElement);</p> <p> // Futuristic Grid Effect<br> const gridSize = 50;<br> const divisions = 50;<br> const gridHelper = new THREE.GridHelper(gridSize, divisions, 0x00ffcc, 0x004488);<br> scene.add(gridHelper);</p> <p> // Floating Particles<br> const particlesGeometry = new THREE.BufferGeometry();<br> const particlesCount = 1000;<br> const positions = new Float32Array(particlesCount * 3);</p> <p> for (let i = 0; i < particlesCount * 3; i++) {<br> positions[i] = (Math.random() - 0.5) * 100;<br> }</p> <p> particlesGeometry.setAttribute("position", new THREE.BufferAttribute(positions, 3));<br> const particlesMaterial = new THREE.PointsMaterial({ color: 0x00ffff, size: 0.2 });</p> <p> const particles = new THREE.Points(particlesGeometry, particlesMaterial);<br> scene.add(particles);</p> <p> camera.position.set(0, 5, 20);</p> <p> function animate() {<br> requestAnimationFrame(animate);<br> particles.rotation.y += 0.001;<br> renderer.render(scene, camera);<br> }<br> animate();</p> <p> // Interactive Mouse Movement<br> document.addEventListener("mousemove", (event) => {<br> let x = (event.clientX / window.innerWidth) * 2 - 1;<br> let y = -(event.clientY / window.innerHeight) * 2 + 1;<br> camera.position.x = x * 2;<br> camera.position.y = y * 2;<br> camera.lookAt(scene.position);<br> });</p> <p> window.addEventListener("resize", function () {<br> camera.aspect = window.innerWidth / window.innerHeight;<br> camera.updateProjectionMatrix();<br> renderer.setSize(window.innerWidth, window.innerHeight);<br> });<br> });<br></script></p> <p><style><br> /* Three.js Background */<br> #threejs-container {<br> position: fixed;<br> top: 0;<br> left: 0;<br> width: 100vw;<br> height: 100vh;<br> z-index: -2;<br> overflow: hidden;<br> }</p> <p> body {<br> margin: 0;<br> overflow: hidden;<br> background: black;<br> }<br></style></p>
prison break theme
28 Feb. 2025
<p>prison break theme</p>
Transmissions and Nominations in ETRM
02 März 2025
<p>In Energy Trading and Risk Management (ETRM), transmissions and nominations are crucial for scheduling and logistics, ensuring the physical movement of energy commodities such as electricity, natural gas, crude oil, and refined products. These processes involve coordinating with pipelines, power grids, and regulatory bodies to meet contractual obligations while optimizing costs and minimizing risks.<br><br>1. Transmissions in ETRM<br><br>Definition: Transmissions refer to the movement of energy across networks like power grids, natural gas pipelines, and oil transportation systems.<br><br>Key Aspects:<br><br>✔ Transmission Rights & Capacity: Traders and schedulers must secure transmission rights to ensure availability on pipelines or power grids.<br>✔ Loss Accounting: Energy losses (e.g., line losses in electricity, gas shrinkage) must be factored into scheduling.<br>✔ Transmission Costs: Charges for using networks, including congestion and imbalance fees.<br>✔ Regulatory Compliance: Ensuring adherence to market rules (e.g., FERC in the U.S., ENTSO-E in Europe).<br>✔ Real-time Monitoring: Adjusting for demand shifts, network constraints, and price fluctuations.<br><br>In power markets, transmission is controlled by Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs). In gas markets, pipeline operators manage transportation based on nominations submitted by shippers.<br><br>2. Nominations in ETRM<br><br>Definition: Nominations are requests to transport a specified quantity of energy through a transmission network, submitted by traders, shippers, or utilities to ISOs, pipeline operators, or logistics providers.<br><br>Types of Nominations:<br><br>✔ Natural Gas Nominations: Submitted to pipeline operators based on cycles (Timely, Evening, Intraday 1 & 2).<br>✔ Power Nominations: Scheduled in Day-Ahead, Real-Time, and Imbalance markets.<br>✔ Oil & Refined Product Nominations: Scheduled with pipeline operators and storage terminals.<br><br>Nomination Process:<br>1. Trade Execution: A deal is finalized in the ETRM system.<br>2. Capacity Check: Availability is verified with pipeline/grid operators.<br>3. Submission & Confirmation: The nomination request is sent and matched with counterparties.<br>4. Scheduling & Balancing: Adjustments are made to match supply and demand.<br>5. Settlement & Reporting: Costs, imbalances, and penalties are tracked.<br><br>3. ETRM System’s Role in Transmissions & Nominations<br><br>A modern ETRM system automates and optimizes these processes by:<br>✔ Integrating with ISOs, RTOs, and pipeline operators for seamless data exchange.<br>✔ Validating nominations against contracts and capacity constraints.<br>✔ Automating scheduling and balancing to prevent imbalances and penalties.<br>✔ Tracking transmission costs, fees, and losses for accurate financial reporting.<br>✔ Providing real-time monitoring and alerts to optimize logistics.</p>
ToDo - Unsorted
Power Contracts
16 Feb. 2025
Electricity contracts define the terms under which electricity is generated, purchased, and delivered. They vary based on duration, pricing structure, risk allocation, and market participation. Below are the main types of electricity contracts: 1⃣ Wholesale Electricity Contracts These are agreements between electricity generators and suppliers or large industrial consumers 👉 Power Purchase Agreement (PPA) - A long-term contract (typically 10–25 years) between a power generator and a buyer. - Can be either: - Physical PPA: Actual delivery of electricity - Financial (Virtual) PPA: Price hedging without physical delivery - Common for renewable energy projects (solar, wind, hydro) 👉 Bilateral (OTC) Contracts - Direct agreements between two parties (e.g., a generator and a supplier or industrial consumer) - Custom pricing and terms based on negotiation 👉 Term-Ahead-Market Contracts - Electricity is bought and sold on a term basis for a duration of up to 90 days(TAM) 👉 Spot Market Contracts - Electricity is bought and sold on real-time or day-ahead markets(DAM) - Prices fluctuate based on supply and demand 👉 Futures Contracts and Forward Contracts - Agreements to buy/sell electricity at a fixed price for future delivery - Used for risk management and price hedging 2⃣ Retail Power Contracts These contracts define how consumers purchase electricity from suppliers 👉 Fixed-Rate Contracts - Consumers pay a constant price per kWh for a set period (e.g., 12 months) - Protects against price volatility. 👉 Variable-Rate Contracts - Prices change based on wholesale market conditions - Can be cheaper but comes with price uncertainty 👉 Time-of-Use (ToU) Contracts - Electricity prices vary depending on peak and off-peak hours - Encourages consumers to shift usage to cheaper periods 👉 Green Energy Contracts - Consumers purchase electricity from renewable sources. - May include **Renewable Energy Certificates (RECs)** to verify green energy usage 👉 Demand Response Contracts - Consumers get incentives to reduce electricity usage during peak demand times Power Allocation 3⃣ Capacity Market Contracts - Grid operators secure long-term electricity supply by paying generators to be available when needed - Ensures system reliability during peak demand or emergencies 4⃣ Ancillary Services Contracts - Short-term agreements for services like frequency response, reserve power, and voltage control - Used by grid operators to maintain stability 5⃣ Peer-to-Peer (P2P) Contracts and Community Contracts - Community Energy Contracts: Local energy sharing among households and businesses - Peer 2 Peer Contracts: Consumers buy and sell electricity directly, often using blockchain https://www.linkedin.com/in/amber-vasudeo-behre-66775367/recent-activity/all/
Electricity Market Coupling
16 Feb. 2025
Electricity market coupling is a mechanism that integrates electricity markets across different regions or countries, optimizing cross-border electricity trading. It ensures that electricity flows to where it is needed most based on price signals, reducing inefficiencies and enhancing energy security. ➡️How Market Coupling Works Market coupling matches supply and demand across interconnected electricity markets, allowing electricity to flow between them based on price differences. It helps to: ✅Optimize electricity prices by ensuring power flows from lower-priced regions to higher-priced ones ✅Reduce congestion costs and inefficiencies in cross-border trading ✅ Enhance market liquidity and competition by integrating multiple markets ➡️Components of Market Coupling ✅Day-Ahead Market Coupling Electricity is traded one day in advance, with prices set through a centralized algorithm that optimizes cross-border flows ✅Intraday Market Coupling Continuous trading closer to real-time, allowing market participants to adjust their positions based on updated forecasts ✅Capacity Allocation Determines how much cross-border transmission capacity is available for trading ➡️Benefits of Market Coupling ✅More Efficient Electricity Prices Prices converge, leading to fairer and more predictable costs ✅Better Use of Renewable Energy Surplus wind or solar energy can be shared across borders ✅Stronger Energy Security Reduces reliance on single-country energy production ✅Reduced Carbon Emissions Enables cleaner energy to replace fossil fuels where possible
REMIT
16 Feb. 2025
The Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) is a crucial EU initiative launched in 2011 to ensure fair and transparent energy markets. Here's what you need to know: 💡Key Objectives: - Prevent insider trading and market manipulation - Increase market integrity and transparency - Ensure fair pricing of wholesale energy products 💡Reporting Requirements: Market participants must report various types of transactions under different reportable schemas with different trade elements: 💡Table 1 Reporting: - T+1 day reporting deadline, where T is the trade date - Standard Contracts traded on organized market places or bilateral (under certain circumstances) - Includes futures contracts for gas and electricity 💡Table 2 Reporting: - T+30 days reporting deadline, where T is the trade date - Non-Standard Contracts Customized bilateral agreements - Flexible pricing and quantity terms 💡Table 3 Reporting: - T+1 days reporting deadline, where T is the allocation results date - Electricity transportation contracts between two balancing balancing zones within European Union - Reported by transmission system operators (TSOs) and market participants 💡Table 4 Reporting: - T+1 days reporting deadline, where T is the allocation results date - Gas Capacity Transportation contracts - Reported by transmission system operators (TSOs) and market participants 💡Fundamental Data Reporting: - Companies must disclose Facility capacity and usage - Planned and unplanned availability of production, storage, and transmission facilities 💡Oversight: The Agency for the Cooperation of Energy Regulators (ACER) supervises market reporting and publishes annual Transaction Reporting User Manuals (TRUM). 💡Purpose: To protect consumers and market participants by ensuring transparent, competitive energy markets where prices genuinely reflect supply and demand.
MTM vs. PnL: Clearing the Confusion! 🤔
16 Feb. 2025
<p>📊 hashtag#MTM vs. hashtag#PnL: Clearing the Confusion! 🤔 In the world of hashtag#ETRM, the terms Mark-to-Market (hashtag#MTM) and hashtag#ProfitandLoss (hashtag#PnL) often gets mixed up — but they’re not the same! Let’s break down the key differences and why it’s important to understand both. 👇 🔄 Mark-to-Market (hashtag#MTM): hashtag#MTM is real-time valuation of your hashtag#open hashtag#trading hashtag#positions. It shows how much your current trades are worth if they were settled at today’s market price. 🔍 Key Points: hashtag#MTM gives you the current value of your open trades based on market prices. It reflects your unrealized gains or losses — potential profit or loss from open positions that hasn’t been realized yet. Your MTM value fluctuates as market prices change! 📈📉 💡 Example: You bought 1,000 barrels of oil at $60 per barrel, and the current market price is $65. Your MTM value shows an unrealized profit of $5,000 — but this isn’t locked in until you sell! 💰 Profit and Loss (hashtag#PnL): hashtag#PnL tells you about the financial outcome of your trades. It shows how much you’ve earned or lost overall and is divided into two categories: [#] hashtag#RealizedPnL: The profit or loss from closed positions — it’s final and locked in! [#] hashtag#UnrealizedPnL: The hashtag#potential profit or loss from open positions, which changes as market prices move (this is where MTM comes into play!). 💡 Example: If you sell those 1,000 barrels of oil at $65 per barrel, your Realized PnL is $5,000. If you’re still holding the position, that $5,000 remains unrealized — it’s just a potential profit. 🧠 So, What’s the Difference? hashtag#MTM is a real-time valuation of your open trades based on current market prices. It shows you how much your position is worth right now. Whereas, hashtag#PnL tracks how much money you’ve made or lost. hashtag#MTM shows the value of your positions, while hashtag#PnL tells you how profitable those positions have been! 💡</p>
📊 Positions vs. PnL 🤔???
16 Feb. 2025
<p>Ever found yourself wondering what the difference is between <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23positions&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>Positions</a> and <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23pnl&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>PnL</a> (Profit & Loss) in trading? You’re not alone! Many get confused between these two key concepts, but they play very distinct roles. <br><br>Let’s break it down! 🔍👇<br><br>🛢️ <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23positions&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>Positions</a>: Your Market Exposure<br>A <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23position&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>Position</a> is the amount of an <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23asset&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>asset</a> you hold or owe in the <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23market&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>market</a>. It shows your current <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23exposure&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>exposure</a> in a specific trade:<br><br>[#] <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23longposition&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>LongPosition</a>: You’ve bought an asset expecting its price to <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23rise&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>rise</a> 📈.<br>[#] <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23shortposition&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>ShortPosition</a>: You’ve sold an asset hoping its price will <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23fall&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>fall</a> 📉.<br><br>Think of a position as the trade you’ve entered, whether it’s still open or closed. It tells you what you own or owe in the market at any given moment!<br><br>💵 <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23pnl&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>PnL</a> (<a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23profit&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>Profit</a> & <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23loss&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>Loss</a>): Your Financial Result<br><a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23pnl&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>PnL</a> shows how much you’ve earned or lost on your trades:<br><br>[#] <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23realizedpnl&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>RealizedPnL</a>: <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23profit&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>Profit</a> or <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23loss&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>loss</a> from trades you’ve closed. The deal is done, and your profit (or loss) is locked in!<br>[#] <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23unrealizedpnl&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>UnrealizedPnL</a>: Potential profit or loss from your <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23open&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>open</a> positions. It changes as the market price fluctuates.<br><br>While your <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23position&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>position</a> shows your <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23market&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>market</a> <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23exposure&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>exposure</a>, your <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23pnl&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>PnL</a> shows your success! 🎯<br><br>🔄 Key Difference:<br><a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23position&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>Position</a> = The amount of an asset you’re holding or selling (your market stance).<br><a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23pnl&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>PnL</a> = The profit or loss you’ve made or could make from your positions.<br><br>💡 Quick <a class="CQQIoigTNjZggqjzffxuaJIOPtoBFBVeCw " href="https://www.linkedin.com/search/results/all/?keywords=%23example&origin=HASH_TAG_FROM_FEED" data-test-app-aware-link=""><span class="visually-hidden">hashtag</span><span aria-hidden="true">#</span>Example</a>: If you buy 1,000 barrels of oil at $60 per barrel, that’s your long position. If the market price rises to $65, you now have an Unrealized PnL of $5,000. But until you sell it, your PnL remains unrealized — it’s not locked in yet!</p>
marginal cost pricing
16 Feb. 2025
Did you know that every UK power generator gets paid the highest price needed that hour - even if their costs are near zero! The UK electricity market operates on a rather interesting system called "marginal cost pricing" which you may find a bit counterintuitive at first glance. Here's how it works: Power stations are arranged in a "merit order" based on their operational costs - from cheapest to most expensive. Wind and solar typically bid at near-zero cost since their fuel is free. Nuclear comes next, followed by gas plants, with "peaking plants" (the ones that kick in only when they need to meet the highest peak demands) at the top of the cost stack. What makes this system unique is that all generators receive the same price, set by the most expensive unit needed to meet demand at any given moment. In the UK, gas power stations set this price 97% of the time, which explains why electricity prices track gas prices so closely. This creates some unique market dynamics. During periods of high demand when we need peaking plants, prices can rise dramatically - there have been instances where generators were paid up to £4,950/MWh during peak demand periods. In such an event, even renewable generators receive this price, despite their much lower operating costs! However, the landscape is evolving. The UK's Contracts for Difference (CfD) scheme is gradually changing this dynamic by offering fixed prices for renewable generation, helping to decouple some electricity prices from gas prices. Understanding these market mechanisms is crucial for anyone involved in energy trading, policy, or investment. The generation stack is the fundamental mechanism which determines electricity prices in our market.
👉 Power Purchase Agreement (PPA)
16 Feb. 2025
- A long-term contract (typically 10–25 years) between a power generator and a buyer. - Can be either: - Physical PPA: Actual delivery of electricity - Financial (Virtual) PPA: Price hedging without physical delivery - Common for renewable energy projects (solar, wind, hydro)
👉 Bilateral (OTC) Contracts
16 Feb. 2025
- Direct agreements between two parties (e.g., a generator and a supplier or industrial consumer) - Custom pricing and terms based on negotiation
👉 Term-Ahead-Market Contracts
16 Feb. 2025
- Electricity is bought and sold on a term basis for a duration of up to 90 days(TAM)
👉 Spot Market Contracts
16 Feb. 2025
- Electricity is bought and sold on real-time or day-ahead markets(DAM) - Prices fluctuate based on supply and demand
👉 Futures Contracts and Forward Contracts
16 Feb. 2025
- Agreements to buy/sell electricity at a fixed price for future delivery - Used for risk management and price hedging
👉 Fixed-Rate Contracts
16 Feb. 2025
- Consumers pay a constant price per kWh for a set period (e.g., 12 months) - Protects against price volatility.
👉 Variable-Rate Contracts
16 Feb. 2025
- Prices change based on wholesale market conditions - Can be cheaper but comes with price uncertainty
👉 Time-of-Use (ToU) Contracts
16 Feb. 2025
- Electricity prices vary depending on peak and off-peak hours - Encourages consumers to shift usage to cheaper periods
👉 Green Energy Contracts
16 Feb. 2025
- Consumers purchase electricity from renewable sources. - May include **Renewable Energy Certificates (RECs)** to verify green energy usage
👉 Demand Response Contracts
16 Feb. 2025
- Consumers get incentives to reduce electricity usage during peak demand times
👉 Capacity Market Contracts
16 Feb. 2025
- Grid operators secure long-term electricity supply by paying generators to be available when needed - Ensures system reliability during peak demand or emergencies
👉 Ancillary Services Contracts
16 Feb. 2025
- Short-term agreements for services like frequency response, reserve power, and voltage control - Used by grid operators to maintain stability
👉 Peer-to-Peer (P2P) Contracts and Community Contracts
16 Feb. 2025
- Community Energy Contracts: Local energy sharing among households and businesses - Peer 2 Peer Contracts: Consumers buy and sell electricity directly, often using blockchain
Test Blog
17 Feb. 2025
<div class="MbwsOPNOKuzGPcNItRtxlkFVKitKQhkhuCywk" tabindex="-1"> <div class="feed-shared-inline-show-more-text feed-shared-update-v2__description feed-shared-inline-show-more-text--minimal-padding feed-shared-inline-show-more-text--3-lines feed-shared-inline-show-more-text--expanded " tabindex="-1" data-artdeco-is-focused="true"> <div class="update-components-text relative update-components-update-v2__commentary " dir="ltr"><span dir="ltr">TTF front-month dropped more than 3 euros from its high of 50.80/MWh earlier in the day, sitting at 47.65/MWh towards the end of the day. What do people think was behind this big selloff? Didn't see much in the way of fundamentals changes..<br><br></span><button class="update-components-image__image-link" type="button"></button></div> </div> </div> <div class="update-components-image update-components-image--single-image feed-shared-update-v2__content"> <div class="update-components-image__container-wrapper relative"> <div class="update-components-image__container "> <div class="ivm-image-view-model "> <div class="ivm-view-attr__img-wrapper "><img id="ember2176" class="ivm-view-attr__img--centered ivm-view-attr__img--aspect-fill update-components-image__image evi-image lazy-image ember-view" src="https://media.licdn.com/dms/image/v2/D4E22AQHFZJe98WZq6A/feedshare-shrink_800/B4EZUU4Pl3GwAk-/0/1739812043559?e=1742428800&v=beta&t=fltJLTsdyvQt2AM4kMzJeZ7YKUmbXQ-kuzcyAttU764" alt="Image preview" width="1432" height="432" loading="lazy"></div> </div> </div> </div> </div>
European gas price
18 Feb. 2025
<p>catch me if you can: the European gas price slump tightened the spread with JKM, with TTF yesterday settling slightly below the Asian benchmark, for the first time since the start of the year.<br><br>low storage levels, together with higher European gas demand pushed TTF well-above JKM prices through January, as Europe was desperately looking for flexible LNG cargos. <br><br>the European premium soared to $1.92/mmbtu at the end of January -its highest level since May 23 and enough to attract an LNG cargo even from Australia -something we haven't seen since 2022.<br><br>after reaching an almost two-year high last Monday, TTF prices plummeted by more than 15%, driven by the potential softening of EU storage targets, peace talks with Russia and milder weather forecasts for northwest Europe. in addition, weak demand in Asia, especially in China, is also adding to the bearish picture.<br><br>and while JKM followed the freefall of TTF, it declined less steeply in recent years, meaning that yesterday JKM settled at a slight premium to TTF -for the first time since early Jan25.<br><br>this does not seem to be a structural change, as Europe will need plenty of LNG this summer to refill its storage sites (including in Ukraine). but it also highlights the volatility of the market, and how quickly things can move...<br><br>what is your view? how will the TTF-JKM spread move this summer? what do you expect from the peace talks for gas markets? are we entering softer market conditions?<br><br><img src="https://media.licdn.com/dms/image/v2/D4E22AQHyRXLGWi_HOA/feedshare-shrink_2048_1536/B4EZUYDlASGwAo-/0/1739865347101?e=1743033600&v=beta&t=qf8ziJUW9uabEsIf6sCla9cNk2op-lr50XnJCGP4US0" alt="chart"></p>
Types of Power Trading Markets in Europe
24 Feb. 2025
<div class="margin-bottom margin-small"> <p class="text-size-medium">Europe's energy market encompasses various trading mechanisms to accommodate the dynamic needs of participants. These include:</p> </div> <div class="layout18_item-list"> <div id="w-node-b1e3a223-fef5-799a-2af8-ce16bd51b062-74a1fa24" class="layout18_item"> <div class="layout18_item-icon-wrapper"><strong>Cross-Border Trading: </strong>Facilitates energy exchange between European countries, enhancing grid stability and supply diversity.</div> </div> <div id="w-node-b1e3a223-fef5-799a-2af8-ce16bd51b06a-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>Over-The-Counter (OTC) Trading: </strong>Offers direct trades between two parties, allowing for customized contracts outside of formal exchange</p> </div> </div> <div id="w-node-b1e3a223-fef5-799a-2af8-ce16bd51b072-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>Day-Ahead and Intraday Trading: </strong>Allows traders to respond to market demands by buying and selling energy for the next day or on the same day.</p> </div> </div> <div id="w-node-b1e3a223-fef5-799a-2af8-ce16bd51b07a-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>Real-Time and Short-Term Trading: </strong>Enables immediate or near-term transactions to balance supply and demand.</p> </div> </div> <div id="w-node-b1e3a223-fef5-799a-2af8-ce16bd51b082-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>Algorithmic and Automatic Trading: </strong>Utilizes algorithms for high-speed, efficient market participation.</p> </div> </div> <div id="w-node-ba24be52-c47a-bdc7-08f9-327c87002829-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>Virtual and Asset Trading: </strong>Deals with virtual products or physical assets, offering flexibility in strategy.</p> </div> </div> <div id="w-node-_215d43c7-3734-0927-b489-01c65f0e0f88-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>Imbalance Trading</strong>: Compensates for discrepancies between forecasted and actual energy consumption or production.</p> </div> </div> <div id="w-node-f10b4c7e-7b80-29f7-f380-77bf262d2a82-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>Spot Market Trading: </strong>Involves buying and selling energy for immediate delivery, reflecting real-time market conditions.</p> </div> </div> </div>
Primary European Energy/Power Exchanges and Trading Platforms
24 Feb. 2025
<div id="w-node-dc5a52c9-5524-892d-a1ed-c043fcca46c3-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>EEX (European Energy Exchange): </strong>The leading energy exchange in Europe, offering trading in power, natural gas, emission allowances, and coal.</p> </div> </div> <div id="w-node-dc5a52c9-5524-892d-a1ed-c043fcca46cb-74a1fa24" class="layout18_item"> <div class="layout18_item-icon-wrapper"> </div> <div class="layout18_item-text-wrapper"> <p><strong>Nord Pool: </strong>Specializes in electricity trading and offers day-ahead and intraday markets, primarily in Northern Europe.</p> </div> </div> <div id="w-node-_0d1b9122-4c32-e57e-3455-21593657dcdd-74a1fa24" class="layout18_item"> <div class="layout18_item-icon-wrapper"><strong>OMIE:</strong> The Spanish-Portuguese electricity market operator, providing day-ahead and intraday electricity trading.</div> <div class="layout18_item-icon-wrapper"> </div> </div> <div id="w-node-ea6be481-0232-5beb-9400-9af54b24e7b7-74a1fa24" class="layout18_item"> <div class="layout18_item-icon-wrapper"><strong>EPEX SPOT: </strong>Operates the day-ahead and intraday electricity markets across Central Western Europe and the UK.</div> </div> <div id="w-node-_5720fa99-9eea-b840-1860-39ed23aa5d3f-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>ICE Endex: </strong>Located in the Netherlands, ICE Endex provides a marketplace for energy derivatives, including natural gas and power futures, serving as an important platform for European energy traders.</p> </div> </div> <div id="w-node-ca700131-8293-e5cd-f1e0-7d6055998d86-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>APX Group:</strong> Now part of EPEX SPOT, APX provides market platforms for day-ahead and intraday electricity trading in the Netherlands, Belgium, and the UK, ensuring efficient market operations in these key regions.</p> </div> </div> <div id="w-node-_58465304-70fa-000d-abd7-64aa10cd55ab-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>HUPX (Hungarian Power Exchange): </strong>The primary electricity trading platform in Hungary, offering day-ahead and intraday market services, and playing a crucial role in the Central Eastern European energy market.</p> </div> </div> <div id="w-node-_92d21140-48d3-5068-1a06-13c67628fd3e-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>OTE (Czech Electricity and Gas Market Operator):</strong> Operates the electricity and gas markets in the Czech Republic, facilitating both day-ahead and intraday trading for these essential commodities.</p> </div> </div> <div id="w-node-_90588e01-fd63-7d8d-be10-2467eee6cd41-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>GME (Gestore dei Mercati Energetici): </strong>The Italian energy market operator, managing platforms for electricity, natural gas, and environmental products trading, including day-ahead and intraday electricity markets.</p> </div> </div> <div id="w-node-c732420b-3f90-631f-c105-d97a14e01b39-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>Powernext: </strong>Integrated into EEX, Powernext operates natural gas markets and registers financial instruments in France, contributing significantly to the European energy trading landscape.</p> </div> </div> <div id="w-node-_12a56414-ba64-1f37-1553-a33e782c243b-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>EXAA (Energy Exchange Austria): </strong>Offers trading services for electricity, focusing on the day-ahead market and enhancing the transparency and efficiency of the Austrian energy sector.</p> </div> </div> <div id="w-node-ce5e58a8-b42a-29e8-4330-4408ed4c8ab6-74a1fa24" class="layout18_item"> <div class="layout18_item-text-wrapper"> <p><strong>BSP SouthPool: </strong>The energy exchange for the South East European region, facilitating electricity trading in Slovenia and creating a bridge for cross-border energy flows.</p> </div> </div>
physical commodity trading different from financial?
27 Feb. 2025
<p>👉 Physical Balancing<br>When trading physically, the total position for a realized day (or even hour) from physical sales (-consumption), purchases (+production), and product movements, should net to zero, or to an expected imbalance. Managing to the desired balanced position is crucial, both from an operational standpoint and for daily and month-end PNL calculations.<br><br>👉 Settlements<br>Physical payment cycles, like those transacted under EFET and NAESB agreements, are lumpy, with cash flows occurring in the month after delivery. Final, delivered volumes must rec with operator statements. Having the capability to track best available volumes is essential to getting PNL, credit, and invoices right.<br><br>👉 Fees<br>Physical traders incur many types of physical infrastructure fees when leveraging assets. For example, consider pipeline capacity and storage agreements, which feature reservation fees as well as variable fees based on how much product is moved or stored. Configuring fees and processes to manage them can be involved. Physical energy management systems should generate the expected fee expenses.<br><br>👉 Storage Valuation<br>It is an arduous but rewarding task to get a system to accurately calculate WACOG, FIFO, or LIFO, all methods for valuing product inventory in a storage facility. Storage valuation accuracy takes time and requires constant data management. The best way to start is usually to model it in a spreadsheet.<br><br>👉 Market Exposures<br>While exposure from a futures contract is straightforward, market exposure for a physical trade is more complex. For U.S. gas, systems will typically need to deconstruct a physical gas position into underlying, tradable financial exposures. A single MMBtu of Houston Ship Channel gas can be exposed to a list of market prices and products, including balance-of-the-month, NYMEX, Basis, Index, and Physical Premium exposures. In a new business, exposure reporting always makes for an interesting conversation.<br><br>💡 What Else?<br>Physical markets are complex and a lot of fun to work in. If you have any thoughts to share on challenges for tracking physical commodity trading activities, drop them below! </p>