Returns in the corner of the power market the big funds ignore.
Shadowprice is building a fund to invest in congestion rights: the transmission contracts that pay out when the grid is constrained. Most of the money in these auctions goes to a few large, liquid paths. The rest of the market is too small and too scattered for big funds to work, and that is where our proprietary method looks.
Back-tested annual return on money spent at auction, over the last two years.
Back-tested delivery months that made money, after allowing for our own bids moving prices.
The first live order went in during October 2026, ahead of any outside money.
Back-tested results are hypothetical: they were computed after the fact, no actual trades were made, and they do not reflect collateral, fees or every cost of trading. Past or simulated performance does not guarantee future results. This page is not an offer to sell, or a solicitation of an offer to buy, any interest in a fund.