In the ever-evolving energy market, Power Purchase Agreements (PPAs) are essential for securing long-term energy supply and managing financial risks. At Brady Technologies, we recognise the complexities involved in PPAs and have developed Igloo, our advanced ETRM software, to simplify and enhance the PPA management process. Here’s a comprehensive look at how Igloo supports both simple and complex PPAs, making it an indispensable tool for traders and middle officers alike.
Key Highlights of Igloo’s PPA Features
Igloo is designed to accommodate a wide range of PPA structures, offering flexibility and ease of use. Key features include:
- Simple and Quick Booking: Traders can swiftly book PPAs using pre-configured templates, streamlining the process and reducing the risk of errors.
- Granular Ingestion: Igloo supports data ingestion at 15-minute, 30-minute, hourly, daily, and monthly intervals, allowing for precise tracking and analysis.
- Multi-Level Book Structure: This feature enables users to visualise the effectiveness of their hedging strategies against individual PPAs, providing a clear picture of market exposure and risk management.
Trader’s PPA Booking Flow
Igloo offers a seamless booking flow for traders, regardless of the complexity of their PPAs:
- Sign the Deal: Once a PPA is agreed, it can be booked in Igloo using a pre-set template.
- Specify the Structure: Traders can specify the structure of their PPAs, including fixed and floating components, ensuring accurate representation in the system.
- Manage Exposure: With Igloo’s live position viewer, traders can monitor daily P&L movements and hedge coverage, providing real-time insights into their trading activities.
Middle Officer’s New PPA Flow
For middle officers, setting up and managing new PPAs is straightforward with Igloo:
- Set Up a New Location: A dedicated location is created in the system for each new PPA.
- Configure Trade Templates: Trade templates are set up in collaboration with the middle office, ensuring consistency and ease of use for traders.
- View Dedicated Reporting: Customised reports can be generated to meet specific needs, providing detailed insights into position and P&L.
Comprehensive P&L Analysis
Igloo offers robust P&L analysis features, allowing users to drill down into specific indices for granular insights:
- Daily, MTD, YTD, and LTD P&L: Track profit and loss over various timeframes.
- Market and New Breakdown: Separate P&L contributions from existing and new trades for clearer analysis.
- Cost Summary and Drill-Down Functionality: View detailed cost breakdowns and trade-level details, including risk dates, prices, and quantities.
Accurate and Efficient Position and Hedge Management
Igloo’s real-time position viewer and highly configurable desktop reports provide comprehensive market exposure overviews and support extensive data analysis:
- Real-Time Updates: Stay informed with timely information for quick decision-making.
- Customisable Reports: Tailor reports to specific needs, enabling better management and risk mitigation.
Igloo ETRM Software
Igloo by Brady Technologies is a powerful ETRM software solution for managing PPAs, offering unparalleled flexibility, accuracy, and ease of use. Whether you’re a trader looking to streamline your booking process or a middle officer seeking detailed reporting and analysis, Igloo has you covered. Embrace the future of PPA management with Igloo and take control of your energy trading strategies today. Click here to learn more.
