Energy Trading and Risk Management (ETRM) System
key details
| Value | £1,300,000 |
|---|---|
| Status | complete |
| Category (CPV) | 48000000 |
| Deadline | 10 Dec 2024 |
| Procedure | open |
| OCID | ocds-h6vhtk-04b58b |
Awards (2)
This procurement was awarded to 2 suppliers. Values shown are per-award; the notice total is £1,300,000.
| Supplier | Value | Date | Status |
|---|---|---|---|
| See Contracts Finder Notice for full supplier list shared | · | · | active |
| VuePoint Solutions Limited shared | · | · | active |
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.
notice history
5 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 11 Nov 2024 | Contract notice (F02) | Earlier regulations | 036454-2024 |
| 12 Nov 2024 | Corrigendum (F14) | Earlier regulations | 036581-2024 |
| 20 Mar 2025 | Contract award notice (F03) | Earlier regulations | 010393-2025 |
| 23 Sept 2025 | Modification notice (F20) | Earlier regulations | 059032-2025 |
| 7 Oct 2025 | Contract award notice (F03) | Earlier regulations | 062981-2025 |
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source
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