The Physical and Financial Power Markets 9 & 10 November 2022
Join us online from Oslo for an introduction to Europe’s leading short- and long-term power markets. This is also a good refresher, covering all recent and relevant 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 those with a more general interest in the increasingly important energy sector, such as law makers, energy regulators or students.
This popular course will be streamed in front of a live audience with interaction with all online participants.
Nord Pool Digital Diploma: Test of knowledge
One week prior to the live-streamed presentations, all participants will get access to the online material which include acronyms and introductions to some of the basic concepts. Video recordings of previous hot topics are also included. The online material serves as a useful source of information about the finer details in the power markets, and also as an online test of knowledge. Pass the test and you will be rewarded with a Digital Diploma.
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.
The 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
11:00
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, system price, bidding areas, price formation, 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, Isidora Micic, Senior Market Coupling Adviser, Nord Pool and Kristiane Jørstad, Trading Adviser, Nord Pool
12:00
An open challenge: Competition to guess tomorrow’s Area Price for DK2 (Copenhagen, Denmark) before CET 12:45 using Mentimeter. You can and should ask absolutely anybody for help in guessing, check also 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 capacity allocation; ATC (Available Transmission Capacity) and FB (Flow Based).
Hilde Rosenblad, Senior Adviser Public & Regulatory Affairs and previous head of Nord Pool Nordic and Baltic Operation, Nord Pool, Isidora Micic, Senior Market Coupling Adviser, Nord Pool and Kristiane Jørstad, Trading Adviser, Nord Pool
14:15
Granular certificates
A new marketplace guaranteeing that the origin of 24/7 carbon-free production will fulfil the 24/7 demand.
Camilla Vedeler, Business Analyst, Nord Pool
Coffee break
14:40
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 Adviser, Nord Pool
15:15
Automated trades in the power market
With the help of API, there has been a rise of automated trades and it has an impact on the market.
Oscar Egnell, Technical Account Manager, Nord Pool
15:40
Kahoot! Fun recap 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 and the Ukrainian war have on the energy markets.
Richard Sverrisson, Editor in Chief – Europe, Montel and Morten Hegna Manager at Montel
09:15
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 and Ieva Linkeviciute, 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, previous Trading Adviser at NASDAQ.
12:10
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 (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
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: Recordings 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, Power Markets in India, 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
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We look forward to seeing you online!
We all look forward to meeting 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 Party. There 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 confirmed participants and distributed prior to the live streaming takes place. We will also make use of other interactive tools. All information needed to gain access will be given one week prior to course start. Please make sure you have good internet connection when joining the live stream.
Fee
Participation fee is EUR 1800, including all presentations, online material and test. Pass the online test of knowledge and an individual Digital Diploma will 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 Scandinavian 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.
If you are a student or a journalist 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.