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ENERGY & COMMODITIES TRADING AND RISK

Your energy risk, your way.

The transparent, platform leading energy and commodities firms use to model, value, and manage complex energy portfolios — with full source-code visibility into every calculation.

Beacon by Clearwater

A different kind of risk platform.

Most energy risk platforms are black boxes built on legacy ETRM architecture. Beacon by Clearwater is the opposite — transparent, , and built for the instruments and strategies that define modern energy risk management.

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Real-time transparent modeling

Complete source-code visibility for every power, gas, and commodity instrument. Validate, customize, and extend every calculation — without relying on a vendor’s black box.

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Institutional-grade risk analytics

Calculate VaR, CVaR, PFE, credit risk, and custom metrics with full audit trails. Defensible data for your risk committee, your auditors, and your counterparties.

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Built to fit your stack

Beacon sits as an independent analytics layer alongside your existing systems — consolidating legacy ETRM systems, exchange feeds, and bespoke workflows into one consistent view. Deploy standalone in the cloud, integrate with what you have, or build custom solutions on Beacon’s open development foundation.

Instrument Coverage

Built for the instruments your book actually trades.

Where most risk platforms fall short, Beacon goes deep — with specialized models for the structured, illiquid, and physical instruments that define modern energy and commodity trading portfolios.

A sample of supported instruments

Commodity: Listed Commodity: OTC Energy-Specific Power-Specific
Futures Swaps & Swap Series Heat Rate Swaps Power Swaps & Series
Spread Strips Average Price Options Calendar Spread Options Power Physical
Futures Strips LNG Swing Contracts REC Inventory Power Option Strips
Gas Storage
Commodity: Listed
  • Commodity: Listed
  • Futures
  • Spread Strips
  • Futures Strips
Commodity: OTC
  • Commodity: OTC
  • Swaps & Swap Series
  • Average Price Options
  • LNG Swing Contracts
  • Gas Storage
Energy-Specific
  • Energy-Specific
  • Heat Rate Swaps
  • Calendar Spread Options
  • REC Inventory
Power-Specific
  • Power-Specific
  • Power Swaps & Series
  • Power Physical
  • Power Option Strips

Need something we haven’t listed?

Need something we haven’t listed? Beacon’s open architecture lets you build, customize, and deploy your own instrument frameworks — using your proprietary IP, on a platform your team controls.

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“Beacon by CWAN gives us the data foundation to operate the way our customers see us — as one integrated company optimizing every decision, from the solar farm, through the power market, to the customer bill.”

Anthony Hoang CTO, CleanChoice Energy

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“Beacon is helping us become more sophisticated and risk-aware traders, increasing both the speed and confidence of our trades, and extending visibility from six months to five years.”

Vice President Global Energy Trading

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“There was nothing else in the market like Beacon that could model commodity indices the way we wanted while enabling us to launch the business so quickly.”

Daniel Cepeda Founding Partner, Quantix

Global credibility

Transparency is the #1 risk challenge in energy risk management

In our study of 100 senior energy and commodity traders — representing $1.4 trillion in notional capital — transparency ranked as the most pressing energy risk management challenge, ahead of asset complexity, coverage, and scalability.

The pattern was clear: traders who rate their risk systems highly on transparency, asset complexity, and customization are also significantly more likely to report superior investment performance. That’s exactly what Beacon by CWAN was built to deliver.

$1.4T

In capital represented by survey respondents

100

Senior traders, quants & analysts interviewed

#1

Risk challenge identified: transparency

See how
Clearwater is
leading the
future.

February 9, 2026
Clearwater Analytics Debuts Transparent Risk Platform for Power and Gas Markets at E-world 2026

Clearwater Power and Gas breaks industry reliance on black-box systems as energy transition drives trading opportunity

Press releases
The new dynamics redefining energy trading

The need for dynamic pricing and real-time valuations are transforming energy markets. As volatility and exotic instruments rise, traders need transparent risk management and cloud-native platforms to deliver speed, scalability, and precision in today’s high-stakes environment. 

3 min read
Blog
Thu 29 Jan 2026
How A Transparent Risk Platform Enables Smarter Energy Trading

Join us for a 30-minute webinar to see how Beacon by Clearwater Power & Gas enables energy trading firms to deploy sophisticated energy risk management strategies. This webinar will include an in-depth product walkthrough with real use cases and scenarios.

On-demand webinars
Fri 27 Mar 2026

See your risk. Your way.

Talk to a Beacon by Clearwater specialist about your power, gas, or commodities portfolio. We’ll show you exactly how our platform works — every model, every calculation, every line of code, powered by Beacon Intelligence.