The Physical & Financial Power Markets Course
‘The Physical and Financial Power Markets’ brings experts from Nord Pool, Statnett, Equinor, Eviny, World Kinect Energy Services, Veyt, Hafslund Oslo Celsio, Enspired, Granular Energy, NORCE Norwegian Research Centre and Montel together, to provide valuable insights and answers to your questions. For details, see full program below. 

The Post Pandemic Power Participation; classroom setting at Grand Bergen
The conference is held as parallel sessions with the second day of the Power Market Course. For details, see full program below.

We have been promising all participants since spring 2020 that we would make it up to you and at Nord Pool we like to keep our promises.  

Together we 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 those with a more general interest in the energy sector, such as law makers, energy regulators or students. This is also a good refresher, covering all recent and relevant changes to the energy markets as well as its potential future developments. 

Seeing is Believing! – sailing an electrical boat to floating wind turbine and CO2-storage 
On day three we move the course into a floating classroom on board the fully electrified Rygerelektra for a journey you will remember for life! You are invited to experience the mounting yard for the enormous Hywind Tampen floating turbines, which only days later will be towed far out in the North Sea. You will amongst others also learn about the world’s most ambitious CO2-storage project Northern Lights and how this technology is a step on the way to reduce climate change. We will also get an update on the electrification of the sea way. 

For details, see full program below.  

AGENDA - The Physical & Financial Power Markets Course (3rd - 4th May), Grand Bergen

The physical power market – Wednesday 3rd May, 09 - 16:30

• The Nord Pool power market model  
  The energy markets explained and why it originates from Norway and the Nordic countries. The three-part solution to the ongoing energy price crisis. Haakon Reiersen Leknes, Director, Nord Pool Academy   
• The role of the Transmission System Operator (TSO)   
  Keeping the power always flowing against all obstacles. The TSOs’ responsibilities, regulation and reserve markets.  
  Fredrik Aulie, Balancing Operator, Statnett – Norwegian TSO  
• European day-ahead markets - SDAC  
  The integration of Europe’s power markets with one algorithm, Euphemia. Marginal pricing ensures that the cheapest source of energy is used before the more expensive to meet demand. Detailing European day-ahead markets: PCR, MRC, SDAC, system price, bidding areas, price formation, transmission allocation, transparency, market data and much more (you’ll learn all the acronyms from the online material you get before we go live).   
  Isidora Micic, Senior Market Coupling Adviser, Nord Pool
• 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. API and automated trades in the intraday market are rising.  
  Vladimir Temelkovski, Intraday and XBID Senior Trading Adviser, Nord Pool  
• Automated trades across all short term markets How to shift power consumption and generation with AI to optimizing energy flows and revenue. 
  Onofrio Belviso, Enspired 
• Granular certificates market and 24/7 clean energy   
  How greater granularity in time and space speed up the greening of the power market.   
  Eleonore Lazat, Commercial Director Granular
• Kahoot! Fun recap from the day
  

The financial power market - Thursday 4th May, 09 - 16.30, Grand Bergen

• Regulation of the Power Market
  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 and Ieva Linkeviciute, Market Surveillance Analyst, Nord Pool  
• Risk management, clearing and settlement    
  The role of the central counterpart, clearing and settlement of EUR 200 000 000 daily by Nord Pool.  
  Robert O'Doherty, Senior Trading Adviser, Nord Pool  
• 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, previously Trading Adviser at Nasdaq 
• 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 (GOs), renewable energy certificate (RECs), carbon offsets and feed in tariffs.    
  Trine Braathen, Business Developer Environmental Markets and Solveig Thoresen, Environmental markets analyst both at World Kinect Energy Services  
• Finance secured: Carbon Capture and Storage (CCS)  
  The world’s first combined CCS, district heating and electricity production will capture 400 000 tons of CO2 annually which will be delivered to the Northern Lights project we will see 5th May. 
  Jannicke Gerner Bjerkås, Director CCS (Carbon Capture and Storage) and Carbon Markets in Hafslund Oslo Celsio  
• Hot topic: Climate and energy production 
  The impact of new climate extremes on energy production. What will the new normal be for wind power, hydro power, biofuel and operations of platforms. Priscilla Mooney, Research Professor at NORCE Climate & Environment and a member of the Bjerknes Centre for Climate Research. 
• Previous hot topics: Recordings of some of the previous hot topic presentations are available for you to watch in the online material. These have included: Algorithms, Brexit, CCS, Decarbonisation of Europe, Electrification of Cities (C40), Flexibility Markets, Green Products, Hydrogen, PPA (Power Purchase Agreements), Power Markets in India, Water Values and EU’s 'Fit for 55' package.  
• Kahoot and a brief summary of the two first days

Post Pandemic Power Participation 4th and 5th May 2023

Post Pandemic Power Participation Presentations - Thursday 4th May, 10 - 16.30, Grand Bergen
The Post Pandemic Power Participation Presentations will be held as parallel sessions with the second day of the Physical & Financial Power Market Course.  

• Changes to the Electricity Market DesignThe European Commission has proposed a number of changes to electricity market design for both short and long term markets in 2023. Nord Pool has 30 years of experience and will share our extensive expertise to with you.
  Michela Beltracchi Senior Adviser Public & Regulatory Affairs at Nord Pool 
• PPA (Power Purchase agreement)    
  Long term power purchase agreements and Nord Pool’s thoughts on the future of hedging. 
  Julien Cossé, Chief Strategy Officer, Nord Pool  
• Market Coupling Operation SDAC   
  A day in the life of a market coupling operator, ensuring that the cheapest power meets demand every hour of the year. Cooperation with your competitors, daily routines and how to prevent decoupling.    
  Isidora Micic, Senior Market Coupling Adviser, Nord Pool  
• Second auction SDAC
  What can, should and must market participants when there are second auctions, and what are the perceived benefits and risks. 
  Peder Grimstad Helset, Market Surveillance Analyst, Nord Pool
• Euphemia: The algo behind the world’s largest power market   
  Euphemia solves market coupling problems across Europe in 12 minutes calculating hundreds of thousands of orders and flow.
  Magnus Sunnefors, Manager Market Coupling Services Nord Pool  
• Flow based market coupling  
  The change from ATC to Flow based in the Nordic. What to expect when and why.
  Magnus Sunnefors, Manager Market Coupling Services Nord Pool  
• 15 MTU  
  The shift of nomination from 60 minutes to 15 minutes resolution in SDAC and SIDC.   
  Magnus Sunnefors, Manager Market Coupling Services Nord Pool    
• SIDC daily operations  
  More and faster trading closer to physical delivery: XBID components, latency and why it is important.   
  Vladimir Temelkovski, Trading Adviser, Nord Pool   
• The world’s greatest carbon market  
  “European carbon prices have hit the €100/t milestone – what’s next for the EU ETS?” 
  Hæge Fjellheim, Head of Carbon, Veyt
  
• A closer look at AI and trades across all short term markets 
  A detailed look at how AI shift power consumption and generation with optimizing energy flows and revenue. 
  TBC, Enspired      
• Granular power market the finer details PPT   
  The finer details, opportunities and challenges, of a granular certificate market. 
  Eleonore Lazat, Commercial Director Granular      

Post Pandemic Power Participation Presentations - Friday 5th May,  08.30 - 22.00, Boat ride

Seeing is Believing! On this day we move the course to Rygerelekatra – The worlds fastest fully electric catamaran for a journey you will remember for life!  

• Welcome by Monica Mæland, CEO Bergen Chamber of Commerce and Industry
• Hywind Tampen – Floating Offshore Wind Turbines – Ole Arild Larsen, Manager Operations, Equinor 
• Mobile Energy Storage – Marit Meland, Market Manager, Mobile Energy, Eviny
  
• Ocean Power Plants, Geir Arne Solheim, CEO Havkraft 
• Northern Lights – Carbon Transport & Storage project – (TBA) , Equinor 
• Shore Power - Maria Bos, CEO, Plug
• Green and Blue Hydrogen – (TBA), Equinor 
• Hydrogen Fuel Cells, Maritime Energy Storage – (TBA), Corvus Energy (TBC) 
• Sustainability on the Sea: Life with a fully electric sightseeing ferry. CEO and owner, Rødne Fjord Cruses
• Supercharging passenger boats – (TBA), SEAM
• Made in Nordfjord: Rygerelekatra – The worlds fastest fully electric catamaran – (TBA), Brødrene Aa
• The Oksen Artist Island – From Fossil Fuelled to Green Energy in just two months, Marit Meland, Market Manager, Mobile Energy, Eviny 

Informal networking at The Oksen Island 

• Locally harvested food by Michelin Chef Morten Tungesvik  
• Concert Miss Tati
  
• Live Montel Weekly Podcast, Richard Sverrisson, Editor in Chief, Montel

 

Where and how  
The 3rd and 4th will be at Grand Bergen. 5th will be onboard the electrical boat. More details follow upon registration.  

Online – pre-course material and test of knowledge  
One week prior to the live presentations all participants at the Physical & Financial Power Market course will get access to extensive online material. Pass the online test and you will be rewarded with a Digital Diploma.  

Questions?  
Please feel free to send any questions you have about the course to: academy@nordpoolgroup.com

Choose your participation option and register here: