The slides for all presentations from this event are available HERE.
The aim of this half-day symposium is to bring academia and industry together and discuss theoretical and practical issues of risks and finance in integrated energy systems.
Energy system integration (ESI) is the process of coordinating the operation and planning of energy systems across multiple pathways and geographical scales in order to deliver reliable, cost effective energy services with less impact on the environment. With the ongoing energy transition questions arise about what types of risks and uncertainties do market participants of integrated energy systems face and how can they manage them. These risks include price dynamics in fuel and carbon markets, declining costs of competing technologies, and uncertainties related to consumer demand and energy policy.
Location: The Economic and Social Research Institute, Whitaker Square, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2.
08.45 Registration and Coffee
09.15 Welcome Address: Alan Barrett, ESRI
SESSION 1: RISK AND FINANCE IN INTEGRATED ENERGY SYSTEMS
Chair Valentin Bertsch, ESRI
09.30 Risk Management and Hedging Approaches in Energy Markets, Jim Hanly (DIT)
9.55 Matching Risk to the Right Investment Product, Kieran Fitzgerald (AIB)
10.20 Combining GARCH Forecast with Alternative Weighting Schemes in Electricity Market, Hanyu Zhang (UCD), Julie Byrne (UCD), Martina Assereto (UCD)
11.15 Lisa Ryan, UCD (Chair); Derek Scully, Energia; Micheal Geary, Bord na Mona; Patrick Mohr, NTMA; Kieran Fitzgerald, AIB.
SESSION 2: RISK MANAGEMENT AND HEDGING IN ELECTRICITY MARKETS
Chair Julie Byrne, UCD
11.45 Hedging of Price Risks in the Irish Electricity Market, Cyriel de Jong (KYOS)
12.10 A Looming Revolution: Implications of Decentralized Electricity Generation and Self-consumption for Suppliers’ Risk Exposure and Market Efficiency, Marianna Russo (ESRI), Valentin Bertsch (ESRI)
12.35 Power Spreads in Electricity Futures Markets, Petr Spodniak (ESRI), Valentin Bertsch (ESRI)
13.00 Close and lunch