Power, Gas, Oil & LNG Trading
Trading lifecycle, scheduling, logistics, valuation, risk and settlement.
Energy Trading & Commodities
Settlement, Invoicing & Operations
Month-end is the test: actualised volumes, adjusted prices and invoices that agree with the financial books.
Overview
The operations behind a commodity book carry detail financial markets never see: actualised volumes against nominated ones, quality and pricing adjustments, demurrage and laytime, provisional and final invoices, and reconciliation between the physical and financial sides of the same deal. When any of it slips, the cost appears as breaks, disputed invoices and a month-end close that runs late.
We strengthen the operation end to end: confirmations, actualisation, invoicing and settlement processes with clear ownership; reconciliations that hold daily; and an operating rhythm — service ownership, measures and escalation — that surfaces problems while they are still small.
Delivery runs through our Client Lifecycle, Counterparty & Account Operations, Process Improvement and Service Management practices. The work is done with the people who run the operation, with ownership and measures built in from the start.
What we do
Confirmations matched and chased across physical and financial deals, with amendments and novations tracked and unconfirmed positions visible by age. The contract record the operation works from is the one the deal was done on.
Delivered volumes captured from grid, pipeline, terminal and warehouse records and reconciled against scheduled and nominated ones, with differences investigated while the delivery month is still open. Actuals flow through to exposure, P&L and invoicing without re-keying.
Provisional and final invoices built on actualised volumes and adjusted prices, quality and assay adjustments applied once, netting agreements used, and payments matched. Disputed invoices are worked from the underlying delivery records, with resolution tracked to closure.
Daily reconciliations across trading, logistics, settlement and finance records, with breaks owned, aged and escalated on defined paths. The reconciliation set is designed once — what is compared, at what level, on what frequency — then run consistently.
Demurrage, laytime, inspection, storage and other secondary costs captured against the deals that caused them, claims raised and defended within documented time bars, and the costs visible in deal P&L rather than absorbed in overhead.
Clear ownership for each process, measures that describe the health of the operation — unconfirmed deals, open breaks, invoice ageing, close timetable — and a management rhythm that reviews them weekly and acts on the trend.
What to expect
We start by measuring the operation as it is: volumes, breaks, invoice ageing, close timetable and where the manual effort sits. The first fixes target the largest sources of breaks and rework, and the operating rhythm is built as the fixes land, with process owners in place before we step back. The team works alongside your operations staff throughout; the aim is an operation your own people run well.
01
Assess
Establish the current state, the constraints, the risks and the value at stake.
02
Define
Shape the target model and the business case with the executives who own the outcome.
03
Mobilise
Stand up the team, the plan and the governance around the outcome.
04
Implement
Design, build and test the change, with the business alongside.
05
Sustain
Cutover, hypercare and handover, so the business runs it under its own control.
The same five stages on every engagement, led by senior practitioners end to end. How we work
Insights
Related thinking.
Get in touch
Talk to a Partner about Settlement, Invoicing & Operations.
Tell us what needs to change and where the pressure or risk is showing.