psimarket the comprehensive solution for etrm€¦ · price forward curves (pfc) play an important...
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Energy trading and sales
PSImarketThe comprehensive solution for ETRM
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Energy trading system for business success in energy markets
• HighdegreeofintegrationofallrelatedprocessesreducesthecomplexityoftheITenvironmentandthenumberofrequiredinterfaces.
• Integrationoffunctionalityforoperationalandplanningprocesses.
• Highdegreeofmodularityforveryflexiblerealizationandintegrationoptions.
• Highflexibilityandconfigurability:userscanmakemodificationsthemselves(noexpensivecustomprogrammingrequired).
• Variousfunctionmodulescanbecombinedandexpandedforcustomer-specificsolutionswhichareoptimizedbasedoncustomerrequirements.
• Fullcompliancewithregulatoryrequirementsandprocesses.
• Highdegreeofprocessautomation• Supportformultipletenants• Supportformultipleproducts• Supportformultiplecurrencies• Supportformultiplelanguages• Auditsecurity• Connectivitytodataanalyticsfunctions• Flexibleworkflowmanagement• Integrationofintra-daytrading• RealizationofthelegalrequirementsregardingGDPRandregulatoryreporting
• Releasability
Energy trading and sales
As one of the leading industrial software manufacturers, PSI Energy Markets GmbH develops integrated solutions for customers in the energy industry. Based on existing standard products, PSI offers a broad range of comprehensive energy trading solutions from a single source.
Asoneoftheleadingindustrialsoftwaremanufacturers,PSIEnergyMarketsGmbHdevelopsintegratedsolutionsfor customers in the energy industry.Basedon existingstandardproducts,PSIoffersabroadrangeofcomprehen-siveenergytradingsolutionsfromasinglesource.PSIEnergyMarketsprovidesaconfigurablesystemasanintegratedsolutionwhichcanbeeasilyandflexiblyadapt-edtotherequirementsofthechangingenergymarkets.TheproductPSImarketsupportsenergytradingwithallessential
functionsfromdealregistration,portfolioandriskmanage-ment,analysisandoptimization,scheduleregistrationandnomination, electronic confirmationmatching (ECM),regulatoryreportsandaccounting.Inaddition,PSImarketcanalsobeusedforenergysalesincludingcontributionmarginaccounting,salesplanning,andsalescontrolling.PSImarketcombinesthefunctionalityofanoperationaltradingsystemwithplanningandoptimizationfunctions.
PSImarket distinguishes itself by the following features
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Trading support
Theflexibilityofthebalancingincombinationwiththefilterconceptallowscomparisonsbetweenallpositions.Thisprovideseasierdetectionofoveragesandunderagesofindividualbooks,portfolios,orthecompleteportfolioaswellasstatementsaboutthefinancialpositioninformofprices, cash flow, profit, and loss. It also visualizes thephysical(netposition)andfinancialimpactofindividualpositions.Theportfoliomanagementmoduleoffersnumerousfunc-tionsforflexiblebalancingofthetransactionsaswellasvisualizationofphysicalandfinancialaspects.
The followingvisualization, analysis, and configurationoptionsareincludedinthestandard:• Visualizationrelativetoadefinedreferenceobject• Flexibleandefficient(alsohierarchical)filtermechanism
• Selectionofthedisplayedtargetseriesfromtargetserieswhicharealreadypredefinedinthesystem
• Definitionoffreetargetseriesbasedononeorseveralsourceseries
• Visualizationmodes"Sum"(comparisonofsalesandprocurement)and"Difference"(balancingofsalesandprocurementpositions)
• Tableandchartvisualization• Multi-chartandmulti-axesvisualization
Bothtableandgraphdisplaysareavailableforvisualization.Forgraphicdisplays,linegraphsaswellasstackedgraphsareintegratedinthesystem.Visualizationwithmultipleaxes andvisualizationwithmultiple charts can also beselected.Theparameterizationofanportfolioanalysisorevaluationcanbesavedasadefinitionwhichcanbeeasilyreusedlaterwithabsoluteorrelativetimesettings.Anefficientbatchprocessprovidesupdatesforthedefinedevaluations. This results in very high performance forprocessingmassivedatavolumes.
PSImarket—Main components
PSImarket— Portfolio managementPSImarket—The portfolio management provides a central "Information cockpit" for all posi-tions. It provides summaries, balancing, and matching of the physical and financial data of all procurement and delivery contracts.
• Pricecalculator
Thepricecalculatormodulegeneratestradingsuggestionsbasedonproductstradedinthemarket;usuallytheobjec-tiveistheclosingofanopenpositionwhichcanbesuppliedto the module from the portfolio management or anyindividualcontract.Theproductsandtransactionswhichcanbeusedforthispurposecanbeconfigured.
Severalbreakdownmodesareavailableforcontrollingthealgorithm;theycanbeparameterizeddependingonthedesiredrisklevel.Thisnotonlysupportsvolume-neutralprocurement coverage but also overage and underage(whichcanbelimited);dependingonthesituation,thisresultsinsignificantlymoreprofitabletradingsuggestions.
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PSImarket – Portfoliomanagement
Summary of key features+ Centralinformationcockpit+ Supportformultiplecommodities+ Bookandportfoliostructurecanbefreelydefined+ "Virtualportfolio"forvisualizationofpossiblescenarios+ Comprehensiveandflexibleevaluationfeatures+ Supportforreportingincompliancewithregulatoryreports
Portfolio overview Position overview
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PSImarket—TradingPSImarket—Trading is a standard configuration of PSImarket which includes all required trading-related modules of the overall system. For both procurement and own trading activ-ities, PSImarket supports a wide range of tasks from capturing trades to auditing and supports front, middle, and back office processes. A variety of individual configurations can be set up task-specifically using the key modules which are described in the following sections as well as other available modules. PSImarket even supports complete and seamless integration of processes for different utility types.
Contract management
ThecontractmanagementisthecorecomponentofPSI-market. It supportsmodelingofavarietyofcontractualarrangements and agreements. These include standardcontracts,derivatives,and“classic”contractswithcomplexenergy-markettermsformultipleproducts.Thecontractmanagementfeaturesarangeofpredefinedcontractmodelsincludingproduct-specificcontractmod-els.Forexample,fixedpricecontracts(includingrates),index-basedcontractsandforwards,physicalandfinancialoptions with fixed or index-based pricing, spot trading
Product definitions
Byproductdefinitions,PSImarketenablesstandardizationandsimplificationoftheworkprocesses.Italsosupportsdefaultvaluessettingsforindividualproductparametersin
order to ensure simple and clear handling of standardproducts.
A unified user interface facilitates management of thevarietyofcontracts;itisbasedonacorecontractmodule.Theuserinterfacevisualizesonlythespecificcontractdataandthoseattributeswhicharerelevantforthecontextofeachcontract.Specialandflexiblemasksforcapturingshort-termspottradesarealsoprovided.
Forfrequentstandardtransactions,amaindataentrytab-with an easy-to-use mask for the required attributes isavailableforfastdataentry.Forenteringadditionalcontractdetails,forexampleinthemiddleoffice,theusualuserinterfaceisdisplayedagain.
Visualization of contracts
PSImarket—Main components
transportcontracts,futureswithmargincalculationandassociatedaggregatecontracts,networkcapacitycontracts,structuredcontracts,differenttypesofswaps,andanumberofspecialcontractssuchasservicecontractsareincluded.PSImarketsupportsthecontractmodelsfortheDACH(or:German/Austrian/Swiss)gasmarket.Forthatreason,allthecontractswhicharespecifictothegasmarketarealsoinclud-ed;forexample,supply,sales,infeed,outfeed,storage,andbalancinggroupcontracts.
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Emission trading
PSImarketsupports theentireemissiontradingprocess.Thisincludesentryandmanagementofcertificates,trada-ble derivatives, emission trading accounts, and tradingperiods as well portfolio visualization of the emissiontrading.
Certificatescanbeassessedbasedon(market)pricecurvesaswellasrebookedmanuallyandautomatically.Thegen-erationofspecificemissiontrading-documentsand"Bank-ingandborrowing"arealsosupported.
Risk management and controlling
Capacity management
Alltradingactivitiesinvolveriskwhichcanbeverysub-stantial due to price volatility. PSImarket implementsmethodsandproceduresforriskassessmentandmanage-mentwhicheffectivelysupporttheminimizationofriskintradingactivities.Theevaluationmethodsdescribedbelowrepresentonlyasmallfractionofthecomprehensiveriskassessment,man-agement,andcontrolfunctionsofPSImarket.Priceforwardcurves(PFC)playanimportantroleinriskassessmentproceduresandindicators.PSImarketprovidescomprehensivesupportforthese.Formark-to-market,alltransactionsareevaluatedagainstthemarketoranycontract-specificpricecurvewhichcanbeselectedbytheuser.Thevalue-at-riskisalsocalculatedusingseveralprocedures.
Ofcourse,theseproceduresalsoincludetheevaluationofoptions using option type-specific standard procedures(Black,Black-Scholes)aswellasadvancedmodelssuchastrinomialtreesfortheevaluationofswingoptions.Otherimplementedstandardfunctionsaretheevaluationof openpositions, sensitivity analysis, determinationofcreditrisk(basedonnetting),anddeterminationoftheriskexposure.Acomprehensiveandhighlyflexiblelimitsystemhasbeenimplementedforriskcontrolling.Itdefines,allocates,andmonitorsphysicalandfinanciallimitsforthetradingactiv-ities and the tradingpartners.The system supports the"four-eye" principle, transaction confirmation for dealsdependingon the financial exposure, andother specialfunctionsforeffectiveriskcontrol.
Thecapacitymanagementmodulesupportstheadminis-tration,evaluation,andmonitoringofbookedcapacitiesand theirutilization.As such, it is alsopartof the riskmanagement.Thecapacitymanagementvisualizesconges-tionspublishedbythetransmissionsystemoperators,thecapacitiesrequestedbythetrading,andthecapacitiesusedbytheactualphysicalpositions.
Toprovideanoverviewofthebookedtransmissionchan-nels,theavailable,booked,andutilizedcapacitiesarevis-ualizedincomparisons.Ifneeded,bookedcapacitiescanbeexplicitlyassignedtocongestions.
PSImarket—Trading
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PSImarket—Main components
Electricity schedule management
PSImarketcreatesschedulesforcontrolzones,powerplantdowntimes, and capacities according to the applicablerules;theschedulescanbecreatedmanuallyorautomati-callyusingbatchjobs.ESS(XML)andKISS(Excel)areusedasscheduleformats.Theschedulesaremanagedinaneasy-to-readtreestructure.Dependingontheconfiguration, schedulescanbe sentautomaticallytothenetworkoperatorbye-mailorstoredonaFTPserver.Thescheduleregistrationsareinternallyversionedandarchived.PSImarket provides a registration assistant to supportmanualcreationofschedules.
Theschedulesandresponsemessagesofthenetworkoper-atorsincludingsendandconfirmationtimesaremanagedinthesystem.Theresponsesofthenetworksoperatorsareentered inthesystemand incaseofcomplaintsby thenetworkoperator,theschedulesaremarkedaccordingly.Thisensuresfastererrordetection.The schedules arecreated inablackbox;however, forbettercoordinationandtracingofpossibledeviationsinthescheduleregistration,atoolforstep-by-steptracingisprovided.
Gas nomination
Forgasmarketnominations,PSImarketprovidessupportforall common business transactions in all commonly usedformats.Extendedconfigurationofspecificformatssuchasforbusinesspartnernominationisalsopossible.
Nominationsareforwardedbyemail.Thesystemsupportsnominationstotherelevantmarketregioncoordinatorsorcounterparts.Inordertosimplifythenominationprocess,PSImarketincludesanominationassistant.
Scheduling and balancing group management
ThebalancinggroupmanagementandaccountingmoduleimplementstheGermanMaBiS(TSO-area)rulesandtheassociateddataexchangebetweenbusinesspartnersandnetworkoperators.Thisincludesmanagementofbalancing
group-specificdatasuchasEICpartycode,contactpersons,balancingandsub-balancinggroupstructures,andproduc-tionandconsumptionbalancinggroups for infeedsandoutfeeds.
Summary of key features+ Completesupportforfront,middle,andbackoffice+ Comprehensivecontractmanagement+ Generationandvisualizationofdiversecontracttypes+ Schedulingandbalancinggroupmanagement+ Capacitymanagement+ Comprehensiveriskmanagementandcontrolling
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Load profile price calculator Time series editor
PSImarket—Trading
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PSImarket—Main components
PSImarket—SalesThe offer calculation module supports key account managers in the calculation of supply offers for large, commercial, and bundling customers. The module also provides cost and profit calculation as well as a multi-level contribution margin calculation. It is available for electrici-ty and gas sales contracts.
Handling
Visualization of results
Scope of services
Theworkflowofacontractcanbevisualizedbyastatusgraph.Thepricesuggestionfunctionofthesystemsuggestspricesforcommodityprice,capacityprice,andbasepricebasedonaprofitmarginspecification.Thepriceanalysisvisualizestheresultingrevenueintablesorgraphsbasedonvariationsofthecommoditypricesandcapacityprices.Contractcopiesallowcalculationandcomparisonofdif-ferentoffervariants.
Thepricerulesobjectisusedformanagingstandardpricesandusingthemincontracts.The so-called delivery point assistant supports simpleimportofstationsbasedonExcellists.Aso-calledcurrentcalculationenablesthere-calculationofacontractonthebasisof themeasuredcurrent loadprofile;thisallowsacomparisonoftheresultsheetwiththeofferatthetimeofitsgeneration.
Adetailedcontributionmargincalculationinformofaresultsheetisprovidedonper-contractorper-connection
basis.Othercontractcalculationsarestoredinthehisto-rian.
Forpreparingoffers,themodulesupportsthefollowing:• Setupofcontractframework• Assignmentofoneorseveralconnectionsoftheselectedbusinesspartnertotheoffer
• Contractcalculationincluding:– Allocationofrevenuepositions(commodityprice,capacityprice,baseprice)andindividualrevenuepositions
– Allocationofindividualcostpositionssuchassharedsalescosts
– Rolloutofloadprofileforthetermofthecontractbasedontheforecastmethodspecifiedfortheconnec-tionincludingholidayratesandsummer/wintertime
– Asanalternative,theloadprofilefortermofthecontractcanalsobeprovidedbythecustomer
– Calculationofthefeesrequiredbylaw(concessionfee,cogenerationfee,EEG—GermanRe-newableEnergyActfeeforelectricity)
– Calculationofthenetworktransmissionfees;thefeesarecalculatedbasedonthepricesheetsoftheinvolvednetworkoperators.Theassignmentisautomaticbasedonthepostalcode/networkoperatorassignmenttable.
• Calculationoftheenergycostsbasedon– Pricecurve(HPFC)– Hedgingtool(loadprofilecomposedofstandardproductsoftheexchangesaswellaspricedetermination)
– Formula– Bookinggroupmodule(debitingofthesalesvolumefromthevolumeoftheprocurementcontractsincludingpricecalculation)
– Specifiedfixedprice• Calculationofthecontributionmargin
Summary of key features+ Offersupportforlarge,commercial,andbundlingcustomers,tariffandresidentialcustomers+ Costandrevenuecalculation+ Multi-levelcontributionmargincalculation+ Integrationoftheene'tdatabase+ Deliverylocationassistantsforfastcalculation+ Contractlifecyclemanagement+ Generationofcontractdocuments
PSImarket—Sales
Offer calculation Offer detail overview
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PSImarket—Main components
PSImarket—AccountingPSImarket accounting is a powerful accounting system. As an integrated tool for calculating and preparing financial data, this solution supports workflow-based accounting of every transaction managed in the system such as compilation of a client invoice, invoicing, and invoice auditing as well as the transfer to a booking system via standard interface..
Accounting
Integration of the accounting in the existing system environment
Invoicing
Thefollowingtasksaresupportedaspartoftheaccounting:• Accountspayable(debit),accountsreceivable(credit),andgeneralledgeraccounts(profitandloss)foraccountingpurposes
• Automaticallygeneratedpaymentsandassociatedcosttypebookingsforallpaymentdatesinthecontract
• Correctionbookings• Verificationofgeneratedbookingsagainstpreviouscalculationresultsandbookingperiods
• Contractcancellationsbyautomaticcreationofoffsetbookings
• Compliancewithaccountingregulationsrelatedtoforeigncountries
Theaccountingalsoincludesallancillarycostsandrevenuepositionswhichcanbeflexiblydefinedinthesystem,andappliesanyapplicablediscounts.Fiscalcomplianceandinvoicinginforeigncurrenciesarealsoincluded.
Theaccountingmodulecaneitherbeoperatedasafullyintegrated accounting system including invoicingorbeusedinareducedconfigurationforprocessingandexport-ingitemstoanexternalaccountingsystem.Inbothcases,theinvoicepositionsandcosttypebookingscanbetrans-
ferredtoageneral ledger suchasSAP.Theaccountingsystemprovidessimulationofincominginvoicesforverifi-cation.Itisalsousedassourceforcheckingthecollateralsaspartofthecreditriskcalculation.
PSImarketaccountingalsoincludesanoptionalinvoicingfeature.Invoicesaregeneratedbasedonthepaymenttermsdefinedinthecontract.Thedueinvoicesincludingdataverificationcanbegeneratedautomaticallyindefinedtimeintervals(e.g.monthly).Additionalinvoicefunctions:• Generationofsimulatedincomingandoutgoinginvoices
• Preparationofoutgoinginvoicesbasedonbusinesspartnerinformation(taxinformation,nettingoptions)andgroupinginformation(costtypes)
• Generationofinvoicesforadvancepayments• Flexibledesignofinvoicelayout(alsobusinesspartner-specific)
• Verificationandmodificationoftheinvoice• Designationofthevolumesassociatedwithcostbookings
• Changetracking• Verificationofincomingpayments
Summary of key features+ Powerfulaccountingsystem+ Completelyintegratedintheoverallsystem+ Workflow-basedaccountingofthetransactionsmanagedinthesystem+ Flexibledesignofinvoicelayout+ Changetracking+ Verificationofincomingpayments
Cost type bookings
PSImarket—Accounting
Invoice document
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PSImarket—Main components
Your benefits+ HighdegreeofintegrationofallrelatedprocessesreducesthecomplexityoftheITenvironmentandthenumberofrequiredinterfaces.+ Highdegreeofprocessautomation+ Integrationoffunctionalityforoperationalandplanningprocesses.+ Highdegreeofmodularityforveryflexiblerealizationandintegrationoptions.Variousfunctionmodulescanbecombinedandexpandedforcustomer-specificsolutionswhichareoptimizedbasedonthecustomerrequirements.+ Highflexibilityandconfigurability:userscanmakemodifications(no+ customprogrammingrequired).+ Fullcompliancewithregulatoryrequirementsandprocesses.
Easy to use
Even complex processes must be easy to use. Therefore, we pay particular attention to the design and usability of the user interfaces and dialogs.The continuous communication with you pro-vides the basis for new enhancements and devel-opments.
+ Clearly structured menu design + Graph and table visualization + Individual adaption of the visualization + Comprehensive navigation functions + Multi-language user interfaces + Configurable contract cockpit
Integration und Offenheit
Integration and openness
Our interface development experience over many years is the basis for a future-proof IT infrastruc-ture. The usage of standard interfaces and the definition of new standards make the data exchange with existing IT systems secure and stable.
+ Standard interfaces to numerous CRM, EDM, and business systems
+ Financial accounting and invoicing + Sales + Optimization + Import of exchange prices, delivery schemes, contracts, weather forecasts, and counter points.
PSI Energy Markets GmbH
Kriegerstraße1E30161HanoverGermanyPhone:+49511610189-0Fax:+49511610189-77www.psi-energymarkets.dewww.psi.de
ContactpersonPhone:+49302801-1715Fax:[email protected]
©PSIEnergyMarketsGmbH2019-1