# Green Tiger Markets

> Green Tiger Markets is a B2B trading platform that built the Philippines' first forward market for electricity, letting generators, developers, retailers and investors lock in future power prices instead of riding the volatile wholesale spot market. Founded by veteran commodities traders, the company runs an exchange-style marketplace for financially settled forward contracts (Contracts for Difference) referenced to the wholesale electricity spot market, with the goal of bringing transparency, price discovery and liquidity to emerging-market power systems.

- **Founded:** 2021
- **Headquarters:** New York, New York, United States (born-remote; teams in Austin, Boston, Singapore, Manila, Seattle and Poitiers)
- **Founders:** John Knorring (Co-Founder & CEO), Carlos Korten (Co-Founder & President)
- **Team size:** ~16 employees
- **Products:** Forward electricity marketplace, Contracts for Difference (CFDs), Forward price curve & market data, Risk management & hedging tools
- **Notable:** Launched the Philippines' first exchange-based forward market for electricity (2023)., Facilitated the country's first-ever forward electricity trade, at PHP 6,800/MWh for Aug-Dec delivery (2023)., Facilitated the first-ever forward trade covering the midday hours block for Philippine electricity (August 2024).

## Products & services

- **Forward electricity marketplace** — An exchange-style B2B platform with a central limit order book where participants buy and sell standardized forward electricity contracts for future delivery periods.
- **Contracts for Difference (CFDs)** — Financially settled forward contracts referenced to the Luzon Weighted Average Price (LWAP) published by the Wholesale Electricity Spot Market (WESM), letting buyers and sellers hedge future power prices without physical delivery.
- **Forward price curve & market data** — Transparent forward price signals and market data the spot market alone cannot provide, helping generators, developers, retailers and lenders see and plan for future electricity costs.
- **Risk management & hedging tools** — Tools for locking in energy rates months in advance, transferring price risk and improving the bankability of merchant generation projects such as solar.

## Achievements

- Launched the Philippines' first exchange-based forward market for electricity (2023).
- Facilitated the country's first-ever forward electricity trade, at PHP 6,800/MWh for Aug-Dec delivery (2023).
- Facilitated the first-ever forward trade covering the midday hours block for Philippine electricity (August 2024).
- Drew interest in its forward-market model from observers in Latin America and Africa.
- Featured by The Manila Times, Power Philippines, Yahoo Finance and Business Wire.

## Latest updates

- **2024-08** — Facilitated the first-ever forward trade in the midday hours for Philippines electricity, extending price discovery to a hard-to-hedge time block.
- **2024-08** — Executives appeared on a Manila Times roundtable and the Power Podcast to make the case for forward electricity markets.
- **2023** — Launched the marketplace and closed the Philippines' first forward electricity trade at PHP 6,800/MWh.

## Links

- Website: https://greentigermarkets.com
- LinkedIn: http://www.linkedin.com/company/green-tiger-markets
- Twitter/X: https://twitter.com/GreenTigerMkts

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Profile page: https://yespress.io/green-tiger-markets
Published by YesPress — https://yespress.io
Last updated: 2026-06-15