Trading and Risk Management Software
Overview
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SUMMARY
KEY REQUIREMENTS
BUDGET
VerifiedCONTRACT DURATION
TIMELINE
RFP Release: June 3rd, 2026
Pre-Proposal Meeting: June 9th, 2026
Deadline for Submittal of Questions: July 7th, 2026
LADWP’s Responses to Received Questions: July 14th, 2026
Proposal Due Date/Time: July 21st, 2023
Proposal Review Completion: September 2026
Clarification and/or Negotiation Period: October 2026
Notice of Intent to Award: November 2026
Recommendation of Award to the Board of Water and Power Commissioners: January 2027
QUESTION DEADLINE
CONTACTS
Primary procurement contact — name, title, email, and phone
Additional decision-makers and their departments
Issuing Agency
Los Angeles Department Of Water And Power
DESCRIPTION
The client is seeking a vendor to provide, design, test, and implement a cloud-hosted Natural Gas and Energy Trading and Risk Management (ETRM) system. The system must support the entire lifecycle of natural gas transactions, including deal capture, nominations, scheduling, meter reads, pipeline discrepancies, risk monitoring, commodity and pipeline reservation reconciliation, and settlements. The solution should enable accurate long-term, day-ahead, and real-time data processing, flexible deal capture, and robust risk management, while allowing seamless integration with existing software and replacing legacy systems like Excel files across all business functions.
Acquisition of the ETRM system will include initial procurement, system training, user guide manuals, licensing, IT maintenance, and ongoing support services. Key requirements involve supporting market dynamics, ensuring regulatory compliance, renewable energy integration, and market-based energy processes. The provider must deliver a scalable, automated, and auditable system capable of concurrency with market changes. The period of performance for the contract is one year, and a pre-bid meeting will be held prior to proposal submission.
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Frequently asked questions
- When is the submission deadline?
- This RFP closed on July 21, 2026 and is no longer accepting submissions.
- What is the budget for this RFP?
- The published budget is $3,500,000 – $3,700,000.
- Who issued this RFP?
- It was issued by Los Angeles Department Of Water And Power. The work is located in Los Angeles, California, United States.
- Who is a good fit for this opportunity?
- Extensive experience delivering enterprise-level ETRM solutions for natural gas or energy markets
- Proven expertise in cloud-hosted software deployments and system integration
- Ability to provide comprehensive training, documentation, and ongoing support
- Demonstrated knowledge of regulatory compliance and renewable energy markets
- Track record with large-scale utility or energy clients, especially in California
Analysis generated by Settle AI from the source RFP.
RFP Hunter shows what is open. Settle shows what is forming.
Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.