Top 10 ETRM Consulting/Services Companies in Europe - 2020
Phinergy: Making Energy Trading and Risk Management Accessible to One and All

Top 10 ETRM Consulting/Services Companies in Europe - 2020

Energy Trading and Risk Management (ETRM) systems have proven to be the epicenter of the energy industry and are piloting the entire business activity. In the digital world, forward-looking trading companies are leveraging ETRM systems across the sector to exchange information within the credit, operations, contract, trade floor, and accounting functions. ETRM systems also entail comprehensive risk management strategies, event and trade identification, and scheduling and settlement execution.

As the energy trading industry undergoes swift changes, it presents energy traders with numerous opportunities and risks. Market participants that rely on modern and integrated ETRM services have been successful in managing the complex business processes efficiently and cost-effectively.

With the increasing number of new policies, it can be expected that spending on energy trading and risk management (ETRM) services and related software will continue to increase in the coming years with growing numbers of replacements needed to upgrade to more modern technology architectures and toolsets. Companies will continue to leverage ETRM systems to better review architectures, technologies, and data in an attempt to increase adaptability and responsiveness. This will likely also include initiatives like applying artificial intelligence (AI) and machine learning (ML) around the idea of allowing machines to access data and learn themselves, as opposed to traditional rules-based systems prepared by humans.

To further improve the efficiency and speed of those workflows, RPA is also being looked at as a means of reducing the repetitive processes via a virtual worker. Besides, blockchain will continue to be tested and may have finally found some commercial applications in the energy arena. Increasingly, ETRM is also being deployed as a service in the cloud, and it will become more modular in the future to keep costs down, counter risks, and improve effectiveness. More emphasis will be upon optimizing assets and operations for increased profit and competitiveness.

To stay ahead of the competition, it demands vigilance and innovation. Not only do you need to keep up-to-date with the ever changing trends, but you need to apply them in the way that makes the most sense. Energy CIO Insights has compiled a list of top 10 ETRM Consulting/Service Providers in Europe to guide energy companies in harnessing the power of technology to tackle today’s energy trading and risk management challenges. We hope this issue of the Energy CIO Insights helps you build the partnership you and your firm needs to foster a technologically-driven energy trading.

We present to you, Energy CIO Insights’ “Top 10 ETRM Consulting/Service Providers in Europe - 2020.”

    Top ETRM Consulting/Services Companies in Europe

  • The consultancy offered by this Italy-based company goes beyond software selection or configuration and customisation of existing software, as its end goal is tool development. Focused on providing high-quality products, Phinergy leverages its team’s strong technical and quantitative skills to develop a SaaS-based ETRM solution. Every organisation expects the ETRM system to adapt to their operating perimeter and fit perfectly with their portfolio or existing operational procedures. Along the same lines, Phinergy helps its customers understand the true potential of its system. The company offers customised solutions for the big customers and standardised ones for small businesses, at times modifying and improving their underlying operating processes as per the requirements

  • Unicorn is a renowned European company providing the largest information systems and solutions in the area of information and communication technologies. The company is focused on providing solutions, which offer a high added value while also delivering a competitive business advantage to its clients. They have been serving clients since 1990, and over the years, the company has developed a number of high-end, large-scale solutions, which are being used to help the IT needs of important companies in many of the key sectors of the economy. Moreover, Unicorn also provides the Plus4U Internet service in which the company offers a large portfolio of services based on robust software solutions for small and medium-sized enterprises.

  • Cenergise


    Cenergise is an Energy Trading and Services Company headquartered in Dublin. Our team of trading, engineering, financial and IT specialists has experience trading wholesale energy across Europe. Our 24-7 trading desk operate 365 days a year, responding to outages, changing demand and intermittent renewable generation.

  • Correggio Consulting

    Correggio Consulting

    Correggio Consulting is an independent, international consultancy providing specialist services in the energy and utilities sectors.Located in Brussels at the centre of European policymaking, we work with companies to tailor their commercial and business strategies so that they can compete and operate in increasingly complex European and global markets.Our team of experts leverage their market and industry expertise to meet the demands of a diverse clientele. Our clients include commodity trading companies, large industrials in the EU and beyond.

  • ETRM Services

    ETRM Services

    ETRMServices is a trusted IT partner for the ETRM Community (Energy Trading and Risk Management) in North America, Europe, the United Kingdom and Asia.Our exclusive focus on the trading / risk management cluster, including all ancillary applications connecting to the core trading systems, enable us to provide customized, comprehensive and business-focused services. Through an easy to engage managed services model, the appropriate technical experts proactively deliver resolutions for both large-scale program / project initiatives or smaller-scale incident and change management needs. Our professionals are located in North America, Europe, the United Kingdom and India, ensuring 24/7 coverage for our clients worldwide. An India-based team monitors overnight operations for multiple customers.



    FORRS consultants incorporate the widest spectrum of expertise and experience – including the flexibility to work and deliver results in complex environments. Analyzing problems, understanding consequences, forecasting implications before proposing solutions … all of these skills require passion, patience, and, not least, the ability to see things from different viewpoints.



    KISTERS (more than 600 employees; head quarter in Aachen, Germany; numerous international subsidiaries) produces market-compliant, pioneering software solutions for the energy industry with its business areas of energy production, distribution, wholesale/retail and demand. The portfolio includes solutions for energy data management, portfolio management, forecasting, virtual power plant management, smart metering, smart grid/control technology/SCADA and lifecycle and asset management of plants and grids.KISTERS is constantly investing heavily in research & development and thus in future-oriented solutions. About 800 companies in the energy industry rely on KISTERS software.

  • KPI Bridge Oil

    KPI Bridge Oil

    KPI Bridge Oil is one of the world's leading international trading and broking firms specialising in marine fuels, marine lubricants and risk management products. Our network of offices cover every major time zone, we have an in-depth knowledge of ports and bunker markets around the world. Our access to real-time market information and long-established credit lines with suppliers means we use our buying power in the right place and at the right time. All this ensures our customers enjoy competitive prices - and on favorable terms.

  • LEAD Consult

    LEAD Consult

    LEAD Consult is a dynamic, customer oriented company, specialized in providing business and IT consulting services in the energy and financial sectors, as well as in software development and IT outsourcing. Our deep industry knowledge together with excellent skills in management consulting, technology and innovation allows us to challenge the conventional thinking and deliver exceptional results that have a lasting impact on businesses and companies worldwide.



    ROITI stands for providing you with a combination of very sound market know-how and an approach of challenging assumptions and stakeholders in order to achieve a sensible and working solution. The company provides a full service consultancy for energy trading companies. We are always committed to getting to the background of the requirements, defining clear business cases, and looking for a win-win solution which will be easy to use for the end users and easy to maintain for the support teams.