08:00

Registration and refreshments

09:00

Welcome remarks

09:10

Chair's opening remarks

09:20

Keynote address: The key to creating risk culture within an energy company

  • Assessing and creating risk appetite
  • Best practise in establishing a risk culture framework 
  • Benchmarking against other companies - what are they doing?

10:00

REGULATORY RISK DISCUSSION: A MiFID post mortem

  • 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?
Panellists:

Jasper Jorritsma, Senior Policy Advisor, AUTORITEIT FINANCIËLE MARKTEN (AFM)

10:40

Morning coffee and networking break

Stream one: Risk and trading

11:10

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

11:50

PRESENTATION: Finding of an efficient hedge strategy on corporate level

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

Dr. Andreas Schuler, Chief Risk Officer, VATTENFALL
Henrik Specht, Director Risk Analysis and Deputy CRO, VATTENFALL

12:30pm

Lunch and networking break

13:30pm

PANEL DISCUSSION: 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

Panellists:

Federica Strumia, Head of Risk Analysis & Control, NESTS (SUISSE) S.A

14:10

PANEL DISCUSSION: 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 AG

Stream two: Market innovations and movements

11:10

PRESENTATION: 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

Edouard Lavillonniere, Head of Quant Group - Energy and Financial Markets, Risks & Valuation (R33), EDF

11:50

PANEL DISCUSSSION: TThe 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

Panellists:
Marcel Steinbach
, Head of Energy Trading Department, BDEW GERMAN ASSOCIATION OF ENERGY AND WATER INDUSTRIES
Alberto Pototschnig, Director, ACER
Matt Wieckowski, Case Handler, DG Comp, EUROPEAN COMMISSION

12:30

Lunch and networking break

13:30

PRESENTATION: 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 GmbH

14:10

PRESENTATION: 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? 
  • A few case studies
  • Approaches employed to corroborate market views

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

14:50

Coffee and networking break

15:20

PANEL DISCUSSION: 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
Dan Edgerton, Head of Hedging and Portfolio Risk, E.ON ENERGY MARKETS

16:00

CLOSING DEBATE SESSION: 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

Aviv Handler, Managing Director, ETR ADVISORY
Paul Hallas, Brexit Project Manager, CENTRICA

16:40

Chairman closing remarks

16.50

Drinks reception