Hourly settlement, including 23 and 25-hour days
Delivery-day length is derived from the market operator’s own timezone, so the two daylight-saving transition days each year settle with the hours they actually have.
Wholesale power
Power & electricity trading software
Power settles by the hour, at a location, in a shape. Octane models all three natively: hourly day-ahead and real-time settlement, peak/off-peak and 2x16H blocks, and nodal prices decomposed into energy, congestion and losses — so basis risk is measured rather than approximated at the hub.
Units: MWh · MW
Physical & paper
The lifecycle
From capture to cash, on one record.
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1
Capture
Blocks, PPAs, tolling and ancillary services with delivery point and shape.
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2
Price
Hub and nodal curves by shape bucket, with LMP components where published.
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3
Operate
Hourly nominations, reconciliation against the ISO feed and imbalance cash-out.
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4
Settle
Day-ahead versus real-time settlement per interval, and CfD settlement on index.
Built for this market
What you get for Power.
Configured for how this market actually trades — units, specifications, pricing conventions and settlement rules — rather than a generic template with the labels changed.
Shaped blocks
FLAT, PEAK, OFFPEAK and 2x16H blocks priced on their own curves, with peak hours computed from the business calendar rather than assumed.
Nodal LMP & basis risk
Node prices decomposed into energy, congestion and losses. Basis risk is measured on the node-versus-hub spread — a nodal position valued only at its hub understates its risk.
VaR split by driver
Value-at-risk separated into price, volumetric and shape components, because each is managed differently: hedged on the curve, tightened in nominations, or traded as a spread.
FTR / CRR & capacity
Transmission rights accrue on the path congestion difference, with completeness flagged when a period is only partly priced. Capacity obligations show non-performance exposure as a scenario, not a liability.
PPAs, RECs & CfDs
Index-referenced PPAs settle as contracts-for-difference against the published index; renewable certificates are tracked through issuance, transfer and retirement.
ISO feeds & nomination reconciliation
Nominations reconcile hour by hour against the ISO feed. An hour neither side reports is recorded as unreconciled — unknown, never assumed correct.
Before you ask
Questions we get from Power desks.
- Does Octane handle nodal (LMP) power markets?
- Yes. Delivery points are modelled as hubs and the nodes beneath them, node prices carry their energy, congestion and loss components, and risk is measured on the node-to-hub basis rather than at the hub alone.
- How does it handle daylight-saving delivery days?
- The number of hours in a delivery day is derived from the market operator’s timezone, so the fall-back day has 25 intervals and the spring-forward day 23. A feed reporting an hour the day does not have is rejected rather than stored.
- Can it settle a PPA against an index?
- Yes, as a contract-for-difference: settlement is the difference between the index and the strike, times volume, with the index provenance recorded on the settlement.
Also covered
Every market on one platform.
Desks rarely trade one thing. Each market below runs on its own rulebook inside the same system of record — so a crude cargo and a power block share governance without sharing assumptions.
See it with your Power book.
We configure the demo around your contracts, your curves and your counterparties — so you are looking at your own desk, not a sample one.