Digitising Balancing Trade
For Flexible Energy Portfolios
Flexible purchasing contracts are now more prevalent than ever in the UK energy market. While suppliers aim to fully hedge these positions during the delivery period, portfolios are not always fully aligned at month-end. As a result, balancing trades are required to close residual positions and ensure customers are correctly settled against market index pricing.
Historically, these balancing trades have been executed individually for each customer or basket. This approach is time-consuming, difficult to scale, and often reliant on manual processes such as spreadsheets. To address this, we have introduced additional functionality within our flex procurement platform to simplify how suppliers manage balancing.
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Utilidex Flex now supports end-of-month balancing trades for Power and Gas, executed directly within the platform using market indices such as N2EX and Heren. Rather than entering trades one-by-one manually, suppliers can now execute balancing through a single, structured workflow, which executes the balancing trades across their portfolio in one go.
Users can select the relevant index, input the balancing price and period, and allocate outcomes in bulk, removing manual effort while ensuring consistency and control. This also enables suppliers to determine and apply the delivered weighted average price more efficiently across their portfolios.
For suppliers, having a clear view of the weighted average cost of energy for each customer is key to maintaining pricing accuracy and margin control. It supports better cost allocation and more informed commercial decision-making.
By consolidating balancing into a single workflow within Flex, suppliers can reduce the risk of manual operational errors. The process is fully digitised, with Open Position calculations, trade costs, and resulting WAP automated, removing the need for manual spreadsheet-based processes.
If you’re interested in learning more, contact us to book a meeting with one of our specialists and see how this works in practice.