Energy Risk Software Rankings 2025: market upheaval puts emphasis on IT systems

Quality of risk management key to performance in today’s volatile markets

Click here to view the full tables 

Geopolitical upheaval, macroeconomic uncertainty and variable weather conditions buffeted commodities markets last year and will continue to cause significant price volatility throughout 2025, analysts predict. Against this already unsettled background, commodity firms, and those with large exposures to commodities, must navigate global political shifts as well as the sweeping, and sometimes unpredictable, nature of policy changes under the new US administration.

The sea change in environmental policy spearheaded by the US is likely to have a profound impact on the transition plans of many energy firms. These plans were built on an assumption of higher levels of political support for renewables and green energy than may now be the case. BP has already announced plans to ditch its renewables targets in favour of an increased focus on fossil fuels and it will be interesting to see how many other firms follow suit.

It is clear many companies will need to revise their medium-term forecasts on renewables penetration, by estimating the impact this will have on power market operations but also the effect on fossil fuel demand.

Amid this uncertain outlook, a firm’s performance will be very much determined by how well it can manage risk. The ability to understand exposures in real time and to make timely decisions that minimise losses and maximise profit will be a major differentiating factor.

And while climate risk may be slipping in terms of political priorities, it is certainly not off the agenda for corporates. Although legislation may be more stringent in Europe, there is still a raft of US federal regulation in place, mandating, for example, blending requirements for the use of fossil fuels. Firms will need to remain on top of a complex network of green certificates requiring specialised systems to manage them.       

All of this means there is more at stake than ever when it comes to selecting and operating tools and systems for managing risk, capturing data and conducting analytics. 

Energy Risk’s annual Software Rankings survey shows which commodity trading and risk management (CTRM) and enterprise risk software systems were considered the most proficient across a variety of areas in the commodities landscape during 2024 and into 2025. In the survey – now in its 20^th year – participants voted for their preferred commodity trading software, data and analytics firms and implementation specialists. The poll covers CTRM and enterprise risk systems, trading platforms, data and analytics firms and technology advisory.

Click on the link above to see the Software Rankings results for 2025.

Methodology

The survey went live on November 25, 2024 and closed on January 27, 2025. It received 1,275 valid responses. To compile the Software Rankings, respondents were asked to vote for their preferred software vendor, data management firm, data provider and technology adviser in a variety of categories. All votes were carefully checked and invalid votes stripped out. Examples of votes considered invalid are people voting for their own firm or using a free internet-based email address, multiple votes from the same person or IP address, and voters who choose the same firm indiscriminately throughout the survey.

Following closure of the poll, the results are subject to an internal review process, which can result in categories being dropped if they do not have enough votes. The outcome of the review is final.