TOD Markets provides a digital platform for Time Of Day Electricity Financial Derivatives, enabling wholesale market participants in the AEMO NEM to secure contracting solutions. This platform offers precise price discovery and contracting options to manage intraday position volatility and support electricity portfolios, particularly in a grid with increasing renewable energy.
Funding
Funding not disclosed
Founders
Product
Problem
Wholesale electricity market participants in the Australian National Electricity Market (NEM) face challenges in managing intraday position volatility due to the increasing variability of renewable energy sources. Traditional flat contracts lack the granularity needed to effectively hedge against these fluctuations, leading to price uncertainty and potential financial risks.
Solution
TOD Markets offers a specialized trading platform for Time of Day (TOD) electricity derivatives, providing wholesale market participants with precise price discovery and flexible contracting options. The platform enables users to hedge against intraday price volatility and optimize their electricity portfolios, particularly in the context of a grid with growing renewable energy penetration. By offering standardized TOD products, TOD Markets facilitates robust hedging solutions for diverse portfolios, supporting retailers, wind, solar, battery, emerging technologies, and traditional assets. The platform focuses exclusively on Over-the-Counter (OTC) wholesale customers, ensuring a secure and reliable trading environment.
Target Audience
The primary target audience includes wholesale electricity market participants in the Australian NEM, such as retailers, generators (wind, solar, battery), and other entities managing electricity portfolios.
Features
- Web-based platform with an intuitive user interface and API for advanced trading
- Real-time market data updates, providing up-to-date pricing information
- Good Name List trading, allowing trades only with pre-approved counterparties and respecting existing ISDAs
- Transparent and anonymous pricing, ensuring fair market value for all participants
- Focus on OTC electricity contracts, catering specifically to wholesale customers
- Secure cloud infrastructure maintained with modern enterprise web technologies
- Automated transactional emails on a per-trade basis and end-of-day trade reports