Why Quoreka ETRM
Shrinking margins are pushing energy businesses to increase efficiency, automate processes and use real-time analytics to respond quickly to rapidly changing markets.
Know positions and exposures in real time, understand the impact of price changes on operating margins, and run real-time scenarios to react quickly.
Bring real-time information from across the organisation into one view, and replace manual, error-prone management of dozens or hundreds of trades.
From LNG and natural gas to crude, refined products, power, coal and renewables, manage the nuances of each commodity's production, pricing, transport and taxation.
Get a single view of business-critical data with real-time alerts, so you can act quickly when markets shift or user-defined risk limits are breached.
Automate reporting and integration with regulators, so you meet requirements in every country and market where you trade.
Capture and model component base pricing and complex curves, and simulate pricing components for P&L, risk exposure and mark-to-market.
Key applications
Covering power, natural gas, crude and crude products, NGL, LNG, coal, carbon, weather and biofuels.
01
Physical trades: manage multi-product, multi-grade, multi-location contracts. Manage price exposure in real time, and plan and track every task with workflow management.
Planning and scheduling: stay on top of complex scheduling from upstream to downstream, and drive efficiency by tracking and optimising movements across pipeline, truck, rail, barge and vessel.
02
Position and mark-to-market: get a consolidated, real-time view of position and exposure using data from spreadsheets, broker statements, CTRM systems and more.
P&L explained: identify the root causes in P&L. Drill into individual transactions, spot faulty assumptions, and measure the performance of traders, books and businesses.
03
Value-at-risk: consolidate data from disparate sources, including CTRM, spreadsheets and market data, for an accurate view of risk, and compute VaR on portfolios.
Risk monitoring: define risk limit policies, analyse global risk across portfolios and books, and track limit breaches and utilisation.
Credit risk: control counterparty risk and prevent credit incidents with complete visibility of credit utilisation and potential breaches.
04
Derivatives: get end-to-end management of exchange-traded and OTC derivative contracts in one system, for better hedging and speculation.
Hedge accounting: simplify complex calculations across the supply chain, including quality, weights, taxes, costs, levies and royalties, and avoid cash flow problems.
05
Settlement netting: reduce settlement risk, ensure accuracy and manage cash flow better, with complex formulae to manage and prove netting rules.
Procurement analysis: track, monitor and analyse enterprise-wide spend, simulate projected spend and run detailed spend attribution.
Power spread analysis: analyse electricity spreads and maximise profit at power stations, producing power to meet forecast demand while trading surplus capacity in wholesale markets.
Crude and refined products
Front-to-back-office workflows for crude and refined products, from physical and financial deal capture to risk, logistics, settlement and accounting, with a real-time view from original trade to final destination.
Fixed, index, trigger, formula, derivative plus premium, and discount and basis pricing, with multiple quotational periods, MAMOS, MAMA, MBMOS, MBMOA and lookback, plus an easy rules editor for premiums, discounts, freight and S curves.
Build formula prices from multiple curves with a different QP for each, use forward assessment curves, roll pricing periods automatically, and apply event-based offsets and holiday rules.
Open and inventory positions, mark-to-market and realised and unrealised P&L across physicals and derivatives, FX exposure, end-of-day and end-of-month valuation, and P&L explained.
Plan bulk or container shipments from inventory to vessel, including chartering, cargo scheduling, preloading, multiple loads and discharges per voyage, and voyage cost allocation.
Dynamic allocation across discrete and consolidated stocks, blending at onsite or offsite locations, mass-to-volume conversions, and in-transit losses posted to P&L.
Pre-payment, provisional, final and split invoices with approval thresholds, plus open APIs and connectors to ERP, accounting, CRM, treasury and live market data.
Customer stories
From wholesale marketers to utilities and fuel distributors, energy businesses run their trading and risk on Quoreka ETRM.
A Texas-headquartered wholesale marketer of natural gas, power and environmental products replaced spreadsheets with one system of record. It now runs seven commodities on Quoreka ETRM, from trade capture and scheduling to VaR, P&L attribution, settlement and invoicing.
"The flexibility and scalability of Quoreka's system have helped us add commodities, locations, and users as we have grown."
A leading utility, power and gas company replaced a system that couldn't deliver accurate, timely end-of-day calculations. It now has one centralised repository for all risk data, with MTM, exposures, P&L explained, VaR, custom scenarios and accurate regulatory reporting.
An energy company serving more than 900,000 metered sites replaced an unsupported 1990s system, with front-to-back power and gas trading for its wholesale and retail businesses and integrations to its forecasting, production and back-office systems.
"It quickly became obvious Quoreka offered the most comprehensive solution."
Latin America's largest distributor of petroleum derivatives and biofuels moved fuel trading, risk and contract approvals off spreadsheets. Leadership now gets timely, error-free daily reports on P&L, prices, fixations and closeouts, with workflow tracked from loading to retail sales.
