Power & Energy Trading Solutions

Settlement & Reconciliation

Imbalance costs accumulate from nomination inaccuracies that are only visible after settlement statements arrive from TSOs, often 24 to 48 hours after delivery. Attributing penalty costs to specific forecast errors, scheduling delays, or nomination mismatches requires manual cross-referencing between ETRM data, TSO statements, and generation schedules, a process that can take days and offers no path to reducing systematic errors.

Built For

Back-office Settlement Analyst and Balance Responsible Party manager reconciling TSO settlement statements against nominated positions across a 1,500 MW portfolio

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Lumi Ledger

Finance/Settlement

Reconciles TSO settlement statements against nominated positions and attributed imbalance penalties to specific operational or forecasting root causes.

Settlement Statement Reconciliation
Imbalance Penalty Attribution
TSO Data Integration
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Lumi Grid

Grid/Market Analyst

Correlates imbalance events with grid conditions, weather deviations, and balancing market price spikes to identify systemic drivers of settlement costs.

Imbalance Event Correlation
Balancing Price Analysis
Weather-to-Settlement Linkage
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Lumi Risk

Risk Manager

Tracks nomination accuracy trends over time and models forward imbalance cost exposure to support hedging and operational improvement decisions.

Nomination Accuracy Trending
Forward Imbalance Exposure
Systematic Error Identification
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How It Works

Automated settlement volume decomposition that attributes imbalance penalties to specific forecast errors, nomination mismatches, and scheduling delays, with trend analysis to reduce systematic imbalance exposure over time.

Instant Analysis

Drag and drop your CSVs. No complex pipelines required.

Natural Language

Ask questions in plain English, get instant answers.

Lumina Analyst
What is today's spark spread for our CCGT unit assuming current gas prices and EU ETS carbon costs? Should we dispatch?

Current clean spark spread is EUR 8.40/MWh, above your EUR 6.00/MWh dispatch threshold. Gas at EUR 34.20/MWh, carbon at EUR 62.50/tCO2. Recommend dispatch for hours 16-20 where day-ahead prices spike above EUR 95/MWh.

Clean Spark Spread vs Day-Ahead Price
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Related Capabilities

energy settlement reconciliation softwareimbalance cost attributionTSO settlement analyticsnomination accuracy tracking