“Easy to do badly and difficult to do well” is what defines the energy industry the best. Traversing the wholesale energy markets has never been a cake walk. When global deregulation made an entrance over two decades ago, it only gave way to more complicated market segments that required in-depth expertise and tools. The best option was to use energy trading and risk management (ETRM) systems that aid energy traders in dealing with volatile markets and pilot energy transactions over the whole trade life cycle.

Following the global financial crisis of 2008, when market participants faced an onslaught of ever-emerging policies, it was ETRM systems that delivered them from the challenges of increased complexity and workload, containing operating cost, and regulatory requirements. Manual processes are now a thing of the past with ETRM systems that automate complex and routine tasks and business processes, reducing costly errors in turn. As the energy trading industry undergoes swift changes, it presents energy traders with numerous opportunities and risks. Market participants that rely on modern and integrated ETRM solutions have been successful in managing the complex business processes efficiently and cost-effectively. Only this way can they closely manage their main challenges of increased complexity and workload, containing operating cost, and regulatory requirements.

ETRM systems have now cemented themselves as the business nerve center, co-evolving with the networked energy systems as the focus grows more on underlying physicals, with optimisation, asset management, and portfolio management being the key driving factors. The ETRM systems are supported mainly by vendor Support and Maintenance, SaaS/ hosted, Implementation and Consulting technologies.

We present to you Energy CIO Insight’s “Top 10 ETRM Solution Providers – 2019”.