Weather or not: capturing the missing piece in the electricity markets puzzle of the future

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Why attend?

Europe is marching towards its ambitious target of net-zero greenhouse gas emissions by 2050. We know that renewable energy will play a leading role in achieving this goal, with wind and solar dominating the future energy mix.

As weather dependent renewable sources gain traction in the electricity market, the weather is becoming a major influencer on supply and demand dynamics with a knock-on effect on electricity market prices and revenue uncertainty. For example, due to the impact of inter-year weather variations, a typical wind farm might see an annual revenue fluctuation of up to 30%.

The weather may seem to complicate the energy markets puzzle, but it’s really just an additional piece. When you’re able to see the bigger picture, it’s possible to comprehend the impact of weather variations on electricity markets and allay the uncertainty of their future revenues.

If you’re an investor or renewable asset operator, you won’t want to miss this webinar. Join us for a detailed analysis of the potential impacts that weather variability can impose on electricity markets in Europe. Here are a few of the topics we’ll cover:

  • What will the European Union’s “Fit for 55” package mean for electricity sector targets?
  • How has weather variation impacted electricity markets in Europe recently?
  • What is the scale of weather-driven inter-year change in renewable generation and electricity demand?
  • How will the weather variation impact future electricity prices and your potential revenues?

Target Audience

  • MD/Director/VP/Head of Origination Team
  • MD/Director/VP/Head of Investments
  • MD/Director/VP/Head of Market Analysis
  • MD/Director/VP/Head Renewables
  • MD/Director/VP/Head of Structured Finance
  • MD/Director/VP/Head of Trading

Speakers

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Sergey Skvortsov
Principal Consultant, Energy Markets

Sergey Skvortsov is an Electricity Market Modelling lead in Hitachi ABB Powergrids’s Energy Portfolio Management team. He has over 15 years’ experience in energy industry as well as extensive background in mathematics and IT. During his carrier he has been focusing on medium- and long-term power systems and markets modelling, analysis and forecasting, energy portfolio optimization solutions, investment studies, working in close cooperation with Strategy and Economics departments as well as Trading desks. His experience includes physical power system studies as well as nodal and zonal power markets modelling. His primary focus of expertise are European power systems and liberalized markets however he also delivered several projects on the Middle Eastern and Asian power systems as well as modelled global natural gas markets (including LNG) and performed integrated studies of global energy supply and demand covering major commodities such as oil, gas, coal, nuclear, renewable energy and electricity.

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Rula Shaban
Senior Business Consultant

Rula is a Senior Business Consultant in the Energy Portfolio Management group at Hitachi ABB Power Grids with over 10 years of experience in the Energy Markets. She has joined the Energy sector following completion of her MBA from California State University, Sacramento. During her career she has successfully implemented several wholesale and retail settlements solutions at both market operators, and utilities. She also contributed to the delivery of several portfolio optimization solutions, long-term market analysis and market-based capacity expansion forecasts.

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Hameed Safiullah
Senior Consultant, Energy Markets

Hameed is an expert electricity market modeller and energy economist with expertise in the modelling and optimization of new and renewable energy technologies. He has significant experience in the energy sector working across various energy markets in Europe, the US, India, Middle East, West Africa, and South America. At Hitachi-ABB Power Grids, Hameed provides regional energy market analysis for pan-European electricity markets. Prior to his current role, he was a Programme Officer in the International Renewable Energy Agency (IRENA) providing technical advisory services to governments and energy ministries on renewable energy deployment.

Hameed holds a Ph.D. in Engineering and Public Policy (Power System Economics) from Carnegie Mellon University and an M.S. in Operations Research from Purdue University.

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