| 11.00 Country profile: Analysing the development of energy trading in Germany • Summary of actual market conditions in Germany • The transition from physical to financial markets in Germany • Building models and creating products in a new market environment • Hedging products and its use in the industry Sven Otten, Head of Structured Products and Sales Trading, PREUSSENELEKTRA |
| 11.40 Lessons learned from the Scandinavian electricity market: Risk management in an integrated energy company • Identifying and overcoming risks in the Scandinavian electricity market – electricity price risk – currency risk – capacity restrictions – specific Scandinavian counterpart risks • Application of the Scandinavian model across Europe • Examples of realised risk management solutions • Vattenfall case study: The risk management model of Vattenfall Jonas Christofferson, Head of Risk Control, Product Area Energy, VATTENFALL |
| 1.50 Country profile: Analysing the development of energy trading in Spain • Analysing the development of an electricity market • Characteristics of contracts being traded • Assessing the role of the Spanish market within the pan European energy market • Cross border transmission constraints • Increasing risk awareness within the Spanish power market • Building the forward curve and market price forecasting for a Spanish marketplace • Assessing the Spanish gas liberalisation process Pedro Larrea, Vice President, Energy Management, ENDESA |
| 3.00 Assessing the impact of mergers, acquisitions and strategic alliances on European energy trading • Measuring the significance of the liberalisation process as a driver of M&A activity • Evaluating the effectiveness of cost-cutting through economies of scale • Determining the impact of M&A on the energy market – reduced number of players and the impact on choice – strategic business direction of company – diversification – predicting who the major players will be in 5 years time – large monopolies vs. small monopolies • Overcoming the difficulties of cross border acquisitions • Unbundling within a competitive market Shannon Burchett, President & CEO, RISK LIMITED CORP. |
| 3.40 Comparing and contrasting transmission pricing regimes across Europe • Unbundling and the role of system operators • Impact of transmission on risk management • Differences in transboundary transmission pricing • Establishing a common European pricing principle • The possible role of decentralised generation • Overcoming the constraints of 3rd party access for efficient trading • An EC-wide regulatory agency on transmission? Reinhard Haas, Associate Professor. INSTITUTE OF ENERGY ECONOMICS VIENNA INSTITUTE OF TECHNOLOGY |
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Two Stream Three, 4 April 2000 Profiting from trading opportunities in newly competitive European markets *(Move the mouse over the description marked with a star for further details) |
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