E-Risk Power

Front office functions

Handling contracts

The definition of products, including details of the quality and structure, is freely configurable, so that user-defined price and quantity flexibilities can be displayed and combined with interrupt procedures alongside standard products.  It is also possible to combine these with price-indexed and fixed-formula contractual structures for user-defined contractual periods (e.g. daytime / off-peak tariffs), meaning that E-Risk®POWER has the ability to map the most saleable tariff and contract structures.
Open-ended items may be carried over to deals very simply.  It is possible to map not only standards (OTC, Futures, etc) but also user-defined flexibility in prices and quantities (schedules, power station options, etc) and combine these with interrupt procedures.  It is also possible to combine them with price-indexed contractual structures linked to a formula, with the result that E-Risk®POWER has the ability to map user-defined contractual structures.
The sequence of events in a deal can be tracked in the system through the awarding of a status for the transaction.  Each status is allocated appropriate rights.
 

Analysing markets and prices

All users are able to access the markets and prices analysis section.  This offers the options of making the available information transparent in the different marketplaces and analysing market prices with suitable tools.  Along with fundamental market analysis, charting is one of the most important methods of describing price trends.  As well as trends, resistance lines and support lines, the program can generate buy and sell signals.  The dealer can not only select the market data to be analysed but can also use more than 50 different charting techniques in order to get an overview of the wider development of the market.

 

Portfolio balance

It goes without saying that E-Risk®POWER is able to show the balance of the portfolio over any period of time, using cascading portfolio management.  Equally to be taken for granted is the hierarchical portfolio aggregation, so that several sub-portfolios of different types may be assigned to a main portfolio.  Short-term and/or daily planning is carried out via the Portfolio Balance module, enabling a summary in tabular or graphic form of the status of the fulfilment of demand.
 

Position and prices

The Position & Prices module allows the user to calculate closed and open financial items, to carry out a break-even analysis of the portfolio over a freely definable period of time and to calculate profit and loss.  The evaluation of open items is supported by the calculation of the current Hourly Price Forward Curve.
 

Hourly Price Forward Curve (HPFC)

Standard products (base and peak) traded on the electricity market can be relatively easily mapped with a single price.  However, most load graphs cannot be mapped by standard products.  The Hourly Price Forward Curve (HPFC) Builder module enables optimum price analysis of load profiles and portfolios with integrated power station capacities, standard and schedule products for any point in time or time period.  As a result, daily profile analyses and buying decisions for structured products are simplified.  The HPFC references the latest forward market prices by weighting factors based on historic EEX spot market prices and/or OTC market prices.  In the integrated model the freedom from arbitrage has of course been taken into consideration.