Agenda

Agenda

07:45

Breakfast briefing: What does it take for trading & risk managers to gain a real competitive advantage in the energy industry?

Please note that this breakfast briefing is a closed event and invitation only. For more details please contact alice.eades@infopro-digital.com

08:00

Registration and refreshments

09:00

Welcome remarks

09:10

Chair's opening remarks
Jonathon Stamp, Independent Energy Risk Consultant

09:20

Guest address: Macroeconomics and the drivers of energy prices in 2018

Peter Helles, Head, European Energy Research and Commodity Quantitative Research, BANK OF AMERICA MERRILL LYNCH

10:00

Regulatory risk discussion: A review of MiFID post implementation - what have we learned?

  • The Impact of MiFID upon energy, utility and petroleum industries
  • What risks still remain? 
  • How is the data being used?
  • Reporting trades - is the data enough for regulators? Can they learn from it? 
  • What have regulators learnt about this market with this regulation?

Moderator: Aviv Handler, Managing Director, ETR ADVISORY
Panellists: Alexander McDonald, CEO, EUROPEAN VENUES AND INTERMEDIARIES ASSOCIATION
Adrian Coleridge, Head of Regulatory Strategy and Global Risk, RWE SUPPLY & TRADING

10:40

Finding an efficient hedge strategy on a corporate level

  • Identification of risk-bearing capability and risk appetite
  • Integrating commodity risks and other financial risks
  • Identifying and calibrating efficient strategies

Henrik Specht, Director Risk Analysis and Deputy CRO, VATTENFALL

11:10

Morning coffee and networking break

Stream 1 Risk and Trading

11:50

Artificial intelligence applications in energy risk management

  • Traditional stochastic approaches for pricing and hedging and their limitations (curse of dimensionality, restricted kind of underlying’s models…)
  • AI-based algorithms promising perspectives for pricing and hedging
  • AI-based algorithm applied to the case of a commodity utility company facing stochastic volumes

Joseph Mikael, Financial and Credit Risk Modelling Project Manager, EDF

12:20

The future of ETRM - innovations in technology and data analytics

  •     How is new technology evolving the ETRM landscape? What new features are being offered?
  • How flexible are new ETRM systems on the market?
  • The smart use of analytics in the ETRM
  • Developments in cloud solutions and the use of unstructured data in ETRMs

Moderator: Stella Farrington, Senior writer, commodities, RISK.NET
Panellists: Federica Strumia, Head of Risk Analysis & Control, NESTE
Dario Ghazi, Head of Trading & Pricing, ISUPPLYENERGY
André Jäger, Senior Vice President, Product Management, OPENLINK

13:00

Lunch and networking break

14:00

From IAS39 to IFRS 9: Implications for the marking and recognition of energy derivatives

  •  Accounting recognition
  • Recognition of energy derivatives
  • Fair valuation of energy derivatives
  • Energy assets & energy liabilities
  • Fair value under IAS 39
  • Hedging under IAS 39
  • IAS 39 issues and challenges
  • IFRS 9...a solution?

Lawrence Haar, Senior Lecturer Department of Accounting & Finance. LINCOLN INTERNATIONAL BUSINESS SCHOOL

14:30

Risk management - a time of change in the energy sector

  • What are the key opportunities currently for risk managers in the energy market?
  • How do risk managers see the landscape evolving?
  • How will changes such as fuel mix changes to renewables, decentralisation, demand side response effect risk management in the industry? 

Panellists: Tobias Sperr, Director Hedging & Business Development, VATTENFALL
Clemens Mann, Head Risk Management, AXPO SERVICES
Irfana Malik, Group Risk Officer, KLESCH GROUP
Jens Göbel, Head of Power and Emissions Trading, ENI TRADING & SHIPPING

Stream 2 Market Innovations and Movements

11:50

From black swans to dragon kings: how to deal with unexpected information and game changers in electricity and gas markets

  • What is unexpected information/situation? 
  • What is a game changer? 
  • Case studies
  • Approaches employed to corroborate market views

 Elisa Scarpa, Head of Market Analysis, Structuring & Pricing, EDISON

12:20

The outlook for cross-border intraday electricity markets

  • Post XBID - what has been the effect on the efficiency of the cross border intraday trading market?
  • The integration of renewables debate
  • The Integration of renewable power sources and the harmonisation of balancing markets

Moderator: Aviv Handler, Managing Director, ETR ADVISORY
Panellists: Ignacio Zumalave,Head of Electricity Operation for Iberia, IBERDROLA
Alberto Pototschnig, Director, ACER
Matt Wieckowski, Case Handler, DG Comp, EUROPEAN COMMISSION

13:00

Lunch and networking break

14:00

Blockchain: The risks and impact on the energy trading

  • How far can it go in energy? 
  • Blockchain for energy trading ledgers and settlement
  • The risks of blockchain for the energy market
  • A regulatory perspective on blockchain
  • How will blockchain applications change the energy trading?

Torsten Amelung, Managing Director, Statkraft Markets

14:30

Forecasting prices of electricity futures: practice vs. theory

  • The reliability and affordability of electricity
  • The need to address climate change
  • Understanding the pricing of electricity
  • Forecasting electricity prices: practical benefits and hindrances of different approaches

Joaquín Narro, Managing Director, ALCAZAR INVESTMENT MANAGEMENT LIMITED

15:10

Coffee and networking break

15:40

The integration of renewables in a flexible portfolio and participation on Iberian ancilliary services

Jorge Palomar Herrero, Operations Director Spain and Europe, IBERDROLA

16:00

The decarbonisation agenda

  • How will utilities be affected by the Paris agreement?
  • Emissions trading, carbon allowances and EU Emissions Trading Scheme  
  • The effect on the energy sector and the precise policies and laws used - sector coupling
  • The impact on the functioning of wholesale markets in energy
  • How can energy companies deliver to their different groups of customers? 

Moderator: Peter Styles, Chairman of the Electricity Committee, EFET
Panellists:Dan Edgerton, Head of Hedging and Portfolio Risk, E.ON ENERGY MARKETS
Guido Pasternack, Head of Political Affairs, UNIPER GLOBAL COMMODITIES
Francisco Melo Gonçalves, Regulatory Affairs Advisor, GAZPROM MARKETING & TRADING

16:40

Closing debate: Brexit Vs deeper harmonization / integration of the European energy landscape

  • Brexit scenarios and their impact upon Energy/Petroleum trading in the City along with chartering, ship brokering and tankering
  • How much longer will Brent be a global benchmark? 
  • The risk of ‘no (substantive) deal' on financial services and the potential knock-on impacts on energy trading firms, both those based in the UK and those domiciled in the EU-27
  • Brexit will impact the physical trade in commodities - how will this unfold?
  • The future of the UK in the emissions trading scheme
  • An effective view on how competition in the EU energy markets with change based on future regulation/policies

Moderator: Peter Styles, Chairman of the Electricity Committee, EFET
Panellists: Aviv Handler, Managing Director, ETR ADVISORY
Paul Hallas, Brexit Project Manager, CENTRICA
Danila Bochkarev, Senior Fellow, Energy Security, EASTWEST INSTITUTE

17:20

Chair's closing remarks

17:30

Drinks reception