The Physical and Financial Power Markets 15 & 16 June 2022

Join us online from Oslo on Wednesday 15th and Thursday 16th June 2022 for an introduction to Europe’s leading short- and long-term power markets. This is also a good refresher, covering all major recent changes to the energy markets and potential future developments.   

“The Physical and Financial Power Markets” sees experts from Nord Pool, Statnett, AFRY, World Kinect Energy Services, Nord Pool Consulting and Montel, providing valuable insights and answers to your questions. There will, as always, also be a guest presenter speaking on a hot topic.

Held in English, the course will unravel the complexity of the power market, whether you are a trader, investor or working in the back or front office. It will be equally helpful for students and those with a more general interest in the increasingly important energy sector such as law makers and energy regulators. 

This popular course will be streamed in front of a live audience with interactivation with all online participations. 

Nord Pool Digital DiplomaTest of knowledge 

One week prior to the live -streamed presentations,  all participants will get access to the onlinle material which include acronyms, videorecordings of previous hot topics and an introduction to some of the basic concept about power markets.
The online material also serves as an online test of knowledge and
 serves as a useful source of information about the finer details about the power market. 

Agenda for the live presentations:

Day 1: The physical power market

08:30         
Please log-on. 

Make sure you have logged on to the systems we will use throughout the day.  You will find all the details you need in an email from us.

09:00     
The Nord Pool power market model

The basics about the energy market and its importance
Development of the world’s first international energy market.
Haakon Reiersen Leknes, Director, Nord Pool Academy 

10:15       
The role of the Transmission System Operator (TSO) 

The TSOs’ responsibilities, regulation and reserve markets.
Hans Bøhle Aarhus, Statnett – Norwegian TSO

10:55
European day-ahead markets - SDAC part 1

The integration of Europe’s power markets with one algorithm, Euphemia

Detailing European day-ahead markets: PCR, MRC, SDAC (Elspot), system price, bidding areas, price areas, transmission allocation, transparency, market data and much more
Hilde Rosenblad, Senior Adviser Public & Regulatory Affairs and previous head of Nord Pool Nordic and Baltic Operation, Nord Pool and Isidora Micic, Senior Market Coupling Advisor at Nord Pool

12:00     
An open challenge
 – competition to guess tomorrow’s Area Price for NO2 (Kristiansand - southern Norway) before CET 12:42 using Mentimeter. You can and should ask absolutely anybody for help in guessing, and also check today’s price here

12:30-13:30
Lunch

13:30
European day-ahead markets SDAC part 2

Euphemia: Trading day-ahead across Europe with new products and handling of ATC (Allocated Transmission Capacity) 
Hilde Rosenblad, Senior Adviser Public & Regulatory Affairs and previous head of Nord Pool Nordic and Baltic Operation, Nord Pool and Isidora Micic, Senior Market Coupling Advisor at Nord Pool

14:10           
Granular certificates 

A new marketplace that guarantees the origin of 24/7 carbon-free production will fulfill the 24/7 demand.

Camilla Vedeler, Business Analyst, Nord Pool

Coffee break

14:30           
European intraday market: the road to XBID and onwards to SIDC

Intraday trading close to delivery across Europe is rising due to increased VRE power production and demand response.
Martin Hergot Festøy, Service owner XBID and Trading Advisor at Nord Pool

15:00
Automated trades in the power market  

With the help of API, there has been an rise of automated trades and it has an impact on the market.   
Oscar Egnell, Technical Account Manager Nord Pool 

15:15       
Kahoot ! Live online test from day 1
Haakon Reiersen Leknes, Director, Nord Pool Academy

16.00      
End of day 1

Day 2: Financial and regulatory aspects of the power market

08:30         
Welcome to Day 2
Haakon Reiersen Leknes, Director, Nord Pool Academy

08:35   
Recent updates from the European energy markets and the global drivers

Main price drivers, financial market, physical market, TSOs, new technology, politics on a national, regional, European and global level– and the different effects Covid-19 has had on the energy markets
Richard Sverrisson, Editor in Chief – Europe, Montel
 and Morten Hegna Manager at Montel

9.15
Market Surveillance at Nord Pool 

Introduction to REMIT, the role of Market Surveillance, national regulators and ACER and inside information versus transparency information. Introduction to Urgent Market Messages (UMM) system
Peder Grimstad Helset, Market Surveillance Analyst, Nord Pool

Coffee break

10:15           
Risk management, clearing and settlement  

The role of the central counterpart, clearing and settlement at Nord Pool
Risk management at Nord Pool
Robert O'Doherty, Senior Trading Adviser Nord Pool and Lars Rokkones, Trading Adviser Nord Pool

10:55 
Financial power market: Hedging power prices 

Introduction to the financial market 
Standardised products including trading of EPAD 
Clearing and settlement for trades and clearing of OTC trades 

Sandro Olivieri, Trading adviser, Nord Pool and Charles Lapierre, Key account Manager Central Europe, Nord Pool, previous Trading Adviser at both Nord Pool and NASDAQ 

A more complicated open challenge: The spread between Nordic (SYS) and German power tomorrow AKA The Ass Bet .

12:30-13:30
Lunch

13:30

Green finance: Voluntary and mandatory markets  

Covering the major green markets and products, ranging from the world’s largest carbon market (EU ETS), guarantees of origin (GO) and carbon offsets to feed in tariffs and the Elcert-market (Sweden-Norway)  
Trine Braathen Business Developer Environmental Markets, both at World Kinect Energy Services

Coffee break

14:00
Corporate PPAs (Power Purchase Agreements)
 

Introduction to types of PPA, how to set up corporate PPA and the risks involved with PPA.
Sergiu Maznic, AFRY Management Consulting

14:30 
Hot topic: TBA

Previous hot topics: Recording of some of the previous hot topic presentations are available for you to watch in the online material. Here are some of the topics we have covered: Algorithms, Brexit, CCS, Decarbonization of Europe, Electrification of cities (C40), Flexibility markets, Green products, Hydrogen, Water Values and EU’s 'Fit for 55' package.

15:15    
Kahoot and a brief summary of the two days 
Haakon Reiersen Leknes, Director, Nord Pool Academy

16:00
End of course

We look forward to seeing you online!

We all look forward to meet you in person: Post Pandemic Power Party

All who have attended Nord Pool Academy courses online since March 2020, will be invited to an energy event when it is safe to travel and meet in person. The working title is Post Pandemic Power PartyThere will be updated presentations, chance to ask presenters questions face to face and opportunities for networking. Of course, relevant activities that our participants normally enjoy at our courses will be provided.

Where and how

Both days will be available online, streamed live from a venue in Oslo.  A live chat is available, and we will read out loud the questions to the energy experts during the presentations. Online material and tests will be available for all and distributed prior to the live streaming takes place. We will also make use of other interactive tools, and all who have registered will receive all information needed to get access. Please make sure you have good internet connection.

Fee

Participation fee is EUR 1500, including all presentations, online material and test.  If the online test is passed, an individual Digital Diploma will also be issued. Participants receive contact details of presenters and are free to send them follow-up questions. 

  • Fee is in Euro, but payment can also be done in GBP, USD or any of the three candinavian currencies (DKK, NOK or SEK). 

If you choose to attend only one of the two days, the fee is EUR 1000,- please specify this in the "anything else you would like to ask" section while register.

Fee discounts

25% discount to Nord Pool, Statnett, Montel, AFRY, World Kinect Energy Services and guest presenters’ customers/members. 

Three or more people attending from the same company get an additional 10% discount, provided we can send only one invoice.

We reserve a few seats for students. If you are a student, or for some other reason feel you should qualify for a discount, get in touch.

Languages

All slides and presentations will be in English, but most of our presenters understand a couple of other European languages too. 

Questions?

Please free to send any questions you have about the course to: haakon.leknes@nordpoolgroup.com.

If there are specific questions on any of the topics covered that you would like answered on the course, but prefer not to ask in person, send them to: academy@nordpoolgroup.com.

Register now

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