Contract management is the core component of PSImarket. It enables the reproduction and analysis of a wide variety of contractual particularities. These can range from standard products to derivatives as well as “classical” contracts including complex energy-market conditions for multiple commodities. Contract management features a range of pre-defined contract models, many of which relate to specific commodities. These include fixed price contracts (including rates), index-based contracts and forwards, physical and financial options with fixed or index-based prices, spot deals, transport contracts, futures with margin calculation and associated aggregate contracts, and service contracts. PSImarket supports the two-contract model for the German gas market. For that reason, all the contracts specific to the gas market are also reproduced, i.e. supply, sales, feed-in, feed-out, storage and balancing group contracts in the system.
PSImarket supports the complete emissions trading process. This begins with the reproduction and administration of the certificates, the tradable derivatives, emissions trading accounts, trading periods, etc. and also includes the portfolio presentation of the emissions trading. Certificates can be valuated compared to (market-) price curves as well as converted – both manually and automatically. The generation of emissions-trading specific documents such as supporting “banking and borrowing” is also possible.
The capacity management module supports the administration, evaluation and monitoring of booked capacities and their utilisation. To that extent, it also represents part of the risk management functionality. Capacity management visualises bottlenecks published by the transmission system operators, the capacities applied for and the capacities used by the respective physical positions. To provide an overview of the booked transmission channels, all available booked and utilised capacities can be contrasted. If needed, booked capacities can be explicitly assigned to bottlenecks.
