Open competition
Open procedure: the contract was advertised and any supplier could submit a bid.
Key facts
- Buyer
- Crown Commercial Service · Ministry or any other national or federal authority, including their regional or local subdivisions
- Value
- £1,300,000
- Procedure
- Open procedure (below threshold)
- Sector
- Software & information systems · Software package and information systems (CPV 48000000)
- Region
- North West
- Official notice
- View on Contracts Finder
- Timeline
-
- Contract date25 Feb 2025
- Published20 Mar 2025Published 23 days after the contract date
Description
The Energy Trading and Risk Management system (ETRM) was used by Trading and Risk to manage the CCS energy portfolio for more than 1,200 customers across the Public Sector with a total spend of more than £1.5 billion per annum. The Energy Trading and Risk Management system (ETRM) was used to record trade and demand forecasts, calculate open positions and valuations based on market prices, and serves as Trading and Risk's 'single source of truth' for portfolio reporting and information. CCS was seeking to replace its current ETRM by sourcing a replacement, cloud based system. This was an off-the-shelf ready to deploy software procurement, rather than a software development project. The ETRM would support CCS's ability to provide its customers with risk managed products for power and gas.
About the supplier
A list of successful suppliers can be found in the attachments a: every public contract they have won.