Terms of Service

Shadowprice (“we”, “us”) provides analytics on ERCOT Congestion Revenue Rights (CRRs): bid sheets, valuations, maps, alerts, and related reports (the “Service”), at shadowprice.io. By creating an account or using the Service you agree to these terms. If you use the Service for an organization, you represent you may bind that organization.

The Service publishes analysis of historical, public market data. It is not investment, trading, legal, tax, or accounting advice, not a recommendation to buy or sell any instrument, and not a forecast. We are not registered as an investment adviser, commodity trading advisor, broker, or dealer with any regulator. All bidding, trading, and portfolio decisions are yours alone, made through ERCOT’s own systems, at your own risk.

Our numbers carry stated uncertainty: our methodology document discloses measured error rates, and you agree not to treat any figure as more precise than those disclosures state. Valuations are anchored on realized history; markets need not repeat it.

Service outputs are not fair-value measurements, audit evidence, or financial- reporting support, and may not be represented to any auditor, investor, lender, or regulator as such. Engagements of that nature, if any, occur only under a separate written agreement.

You must provide accurate information and keep your credentials secure. Claiming a CRR account code invokes our verification process (registry matching or confirmation to the account’s registered ERCOT contact); claiming a code you are not authorized to represent is a violation of these terms and grounds for immediate termination. You may not: misrepresent your identity or authority; resell, redistribute, or publicly republish Service outputs without written permission; scrape or bulk-extract the Service; use the Service to violate law or ERCOT rules; or probe or disrupt its security.

Free trials convert to paid plans only when you explicitly subscribe. Paid plans bill monthly and may be cancelled anytime, effective at the end of the billing period; fees are otherwise non-refundable. We may change prices with at least 30 days’ notice, effective on your next billing cycle.

The Service is derived from publicly available data, principally published by ERCOT. We are not affiliated with or endorsed by ERCOT. We hold no CRR positions and do not trade the products we analyze; our standing conflict rules are described in the published methodology.

THE SERVICE IS PROVIDED “AS IS” AND “AS AVAILABLE”, WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING ACCURACY, COMPLETENESS, TIMELINESS, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT. DATA FEEDS, MODELS, AND PUBLICATIONS MAY CONTAIN ERRORS OR OMISSIONS AND MAY BE INTERRUPTED, REVISED, OR DISCONTINUED.

TO THE MAXIMUM EXTENT PERMITTED BY LAW: WE ARE NOT LIABLE FOR TRADING OR BIDDING LOSSES, LOST PROFITS, LOST DATA, OR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES ARISING FROM THE SERVICE; AND OUR TOTAL AGGREGATE LIABILITY FOR ALL CLAIMS IS LIMITED TO THE FEES YOU PAID US IN THE TWELVE MONTHS BEFORE THE CLAIM AROSE (OR US$100 IF YOU PAID NONE). THESE LIMITS APPLY REGARDLESS OF THE THEORY OF LIABILITY AND EVEN IF A REMEDY FAILS OF ITS ESSENTIAL PURPOSE.

You may close your account at any time. We may suspend or terminate access for violation of these terms, for legal or security reasons, or on discontinuation of the Service, with refund of any prepaid fees for the unused period where the termination is not for cause. Sections 2, 3, 7, 8, and 10 survive termination.

These terms are governed by the laws of the State of Texas, and disputes belong exclusively to the state or federal courts sitting in Dallas County, Texas. We may update these terms; material changes will be notified by email or in-product at least 14 days before taking effect, and continued use after that constitutes acceptance. If any provision is unenforceable, the remainder stands. These terms plus the Privacy Policy are the entire agreement between us regarding the Service.

Contact: team@shadowprice.io