Energy risk and ETRM

Every risk function you use. None of the wholesale-desk weight.

Traditional ETRMs were built for wholesale trading floors, and they are priced and staffed like it. Risk360 gives retail suppliers the risk functions they actually use — positions, forecasting, VaR, scheduling, nominations, settlements — with a desk to run it, and it can sit on top of an ETRM you already own.

How Risk360 compares

Risk360 against the enterprise ETRMs, the modern CTRMs, and the ISO settlement specialists.

Capability	Risk360Us	ION	Molecule	Amphora	PCI
Position and hedge management
Real-time P&L attribution
VaR modeling
Load forecasting built in
Electric scheduling and gas nominations
Settlement reconciliation
Retail supplier fit (not wholesale cost)
Managed services option
Sits on top of your existing ETRM via API
Onboarding in weeks, not quarters

Full capability Partial or adjacent Not offered

Comparison reflects publicly available positioning as of August 2026. ION, Molecule, and Amphora serve trading desks broadly; the honest read is below.

Where each option actually wins

No vendor is best at everything. Here is the honest read, so you can pick on fit, not noise.

Risk360 wins when

You are a retail supplier who wants risk plus operations plus a desk without wholesale-ETRM cost and complexity, and you want to be live in weeks. It can also layer on top of an ETRM you already run.

ION wins when

You are a large wholesale trading operation that needs the enterprise standard and has the budget and team to run it.

Molecule wins when

You are a trading shop that wants a clean, modern SaaS CTRM focused on trade capture, position, and P&L.

Amphora wins when

You want an established CTRM for commodity trading and have your own operations and forecasting elsewhere.

PCI wins when

You are generation or utility heavy and need deep ISO settlements and market participation as the center of gravity.

Questions buyers ask

Is Risk360 an ETRM? ▼

Risk360 provides every risk management function retail energy suppliers actually use — position management, load forecasting, VaR modeling, scheduling, nominations, settlement reconciliation, and compliance — without the cost and complexity of a traditional ETRM built for wholesale trading desks. For companies that already have an ETRM, it can plug in on top via API and add the operational layer ETRMs were not designed to provide.

How is Risk360 different from ION or Molecule? ▼

ION is the enterprise standard for large wholesale desks, powerful and priced accordingly. Molecule and Amphora are modern CTRMs focused on trading. Risk360 is built for retail suppliers and pairs risk with operations and a managed desk, so you get scheduling, nominations, and settlements alongside position and P&L, live in weeks rather than quarters.

Do I have to rip out my current system? ▼

No. Risk360 is API-first and integrates with existing ETRMs, billing, and back-office tools. It complements what you have built rather than replacing it, and it can also run standalone.

Which ISOs does Risk360 cover? ▼

All seven major U.S. ISOs: PJM, ERCOT, NYISO, ISO-NE, MISO, SPP, and CAISO, across both electric and natural gas in a single platform.

Get the risk functions you use, minus the weight.

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