Energy Trading & Risk Management for a Competitive Electricity Market

Navitasoft delivered an integrated Energy Trading and Risk Management (ETRM) solution for EAC Supply, one of the core regulated activities of the Electricity Authority of Cyprus (EAC) and the largest electricity portfolio trader in Cyprus. The project supports EAC Supply’s transition into the country’s newly established competitive electricity market.

The solution was implemented to help EAC Supply operate successfully in a liberalised market environment, supporting both its own trading activities and its role as a market representative for renewable energy producers.

Supporting Market Opening and Operational Readiness

The delivered system enables EAC Supply to participate effectively in multiple market segments, including forward and day-ahead markets. It supports demand forecasting, bid preparation and submission, settlement validation and structured interaction with market authorities. These capabilities help ensure operational control, regulatory compliance and informed decision-making in a rapidly evolving market landscape.

A key aspect of the solution is its ability to support EAC Supply’s complex regulatory role as a dominant supplier, including obligations related to market liquidity, price regulation and balancing responsibility for renewable energy sources.

Tailored Solution for a Unique Market Environment

Cyprus’s electricity market has distinct characteristics compared to other European markets, including specific trading intervals and a phased market rollout. The delivered solution was tailored to reflect these local market conditions, supporting EAC Supply’s readiness for market opening while remaining adaptable to future market developments.

Based on a proven trading and risk management platform, the solution was enhanced to fully meet EAC Supply’s functional and operational requirements, providing flexibility across wholesale trading, renewable energy representation and internal validation processes.

Long-Term Partnership

Navitasoft provided not only system implementation but also long-term 3rd level support and maintenance, ensuring system stability, continuous improvement and alignment with regulatory changes. Close cooperation and agile delivery practices enabled the successful rollout of a mission-critical platform supporting one of the most significant energy market transitions in Cyprus.