The evidence that makes trading operations bankable
Covenant compliance certificates, operational due diligence, and independent settlement verification for the people who fund, audit, and run European energy trading desks.
Independent verification for the desks you fund
You fund European energy trading desks and need to verify the operations are sound. The Green Loan Protocol (2025) now mandates an external Verification Report alongside every annual Green Loan Report. BESS project finance, tolling arrangements, and renewables PPAs all require operational evidence your credit committee can act on.
We produce that evidence: Operational Due Diligence memos, covenant compliance certificates, and independent settlement verification.
Gresham House has one person benchmarking a billion-pound tolling arrangement in spreadsheets. Santander appears in five BESS lending syndicates with no common framework for verifying operational health across them. This is the gap we fill.
Embed operational evidence into your energy audit engagements
Two reasons to work with us:
New revenue line
The Green Loan Protocol creates a billable Verification Report deliverable for your BESS and renewables clients, but you need operational domain expertise to produce it. We provide the evidence engine. You deliver the report under your firm's brand.
Risk reduction
If you sign off on accounts and it later emerges that a tolling arrangement was leaking value nobody caught, that is audit risk you are carrying without knowing it. Our independent settlement verification reduces that risk with evidence you can point to.
We embed into your energy audit engagements as the operational domain specialist. Your team handles the financial audit. We produce the operational evidence that supports it.
Your lender or investor will eventually require this. Get ahead of it.
The gap between day-ahead-only and full-stack trading is £2-4M per year on 100 MW. Most mid-market desks leave intraday, balancing mechanism, and ancillary revenue untouched because their operations won't withstand audit scrutiny.
We close that gap. Each step below builds on the last. Most firms start with the Power Desk Score.
Power Desk Score
A free self-assessment that maps your desk's current operational capability against the full revenue stack. Takes under 10 minutes. You get a clear picture of which revenue streams are accessible today, which require operational changes, and where the largest gaps sit.
Already completed by Heads of Trading, COOs, and CTOs across 6 European countries. P&L and Settlement are universally the weakest dimensions.
Take the Power Desk Score →Operational Leakage Assessment
A forensic review of where your desk is losing revenue through operational gaps: settlement errors, unoptimised dispatch, compliance overhead that consumes trader time, or optimiser underperformance you can't currently measure. Delivered in three weeks with a quantified gap report and prioritised roadmap. Guaranteed to identify at least 10x the assessment cost in recoverable value.
Readiness Programme
For desks bringing trading in-house or stepping up from DA-only to full-stack. We build the operational infrastructure (explainable P&L, REMIT II and EMIR compliance evidence, position reconciliation, and settlement assurance) so your operations satisfy lenders, auditors, and regulators from day one. Replaces months of internal review and 1-3 ops/compliance hires.
Ongoing operations
The operational platform that runs after go-live. Daily infrastructure for position management, P&L reconciliation, and dispatch optimisation. Managed Close handles end-of-day and end-of-month settlement assurance. The Compliance Evidence Pack keeps REMIT II and EMIR reporting current without adding headcount.
We recommend Qualia as the ETRM layer and build the operational assurance infrastructure around it. We're not replacing your trade capture system. We're the independent verification layer that makes your operations bankable.
Exchange connectivity
EPEX SPOT ISV registration in progress. Direct exchange connectivity to EPEX MATS and Nord Pool N2EX, with M7 intraday planned. We build operational infrastructure from exchange gateway through to settlement assurance.
What practitioners say
"Your new Energy Derivatives guide is very very good. I think it is the single most relevant guide for anyone looking to hold a conversation with an interviewer or professional in the energy industry."Bruno Crosbie, Energy Trading Professional
Start with the Score
The Power Desk Score is free, takes under 10 minutes, and gives lenders and desks a standardised view of operational readiness.
Take the Power Desk ScoreOr book a conversation