RMI’s Contract Management System (CMS) provides a central application, both client and consultant accessible, that tracks and provides reporting on contracts, suppliers, hedged positions, budgets, and current market indicatives for electricity and natural gas by facility location/territory.
Position & Budget Tracking
For each facility/territory, the position function tracks the tenure date, trade date, volume, price, peak, and supplier of each executed contract. The budget function allows entry of a budgeted volume and price for each facility/territory by month, factoring in an “adder” if necessary. The information is used to generate volume hedged and variance-to-budget analysis in the “reports” section of the Contract Management System.
Supplier Contact Info & Agreement Database
The Contract Management System provides a central place to store all supplier contact information for easy access. Additionally, confirmations, master agreements, and various other documents can be uploaded to CMS in pdf format and stored for later reference.
Volume and Value Reports
The volume report displays hedged volume vs. open volume per month based on the budget entered for each facility/territory, to calculate the current percent hedged.
For each facility/territory, the value report calculates variance-to-budget value by month. Position value is calculated by adding the hedged contract prices to any open volumes at current market prices.
Indicatives Report
The indicatives report allows the user to easily retrieve a blended price for a term specified by the user. Market prices are automatically populated in to the Contract Management System by RMI’s proprietary database, Mark-It View™. While the prices are indicative only, they are useful for planning and provide a good approximation of market values.
