European power trading innovation: Old dogs learn new tricks
The founders of Energy Quantified by Montel have built analysis models before. But this time they have torn up the rulebook
This is not the first rodeo for Hugo Birkelund. His team over the past 20 years has built power market forecasting capabilities first for brokerage Natsource which evolved into the power element of the Point Carbon analysis service and then the platform MKOnline for Norwegian market information provider Markedskraft, now renamed Volue Insight.
But, as he tells Petroleum Economist, changes in the market have meant that, as, part of Norway’s Montel power market news and analysis provider, it is not a case of replicating previous experiences but completely rethinking the approach.
Murbanâs long journey only beginning
There will be no immediate promotion into the super league of global crude benchmarks for the Middle Eastâs latest challenger
It has now been just over a month since exchange Ice and Abu Dhabiâs Adnoc listed their heavily trailed Murban crude futures contract on the Ice Futures Abu Dhabi (Ifad) oil exchange. Media attention in the run-up to launch was more substantial than for most fledgling instruments.
Some commentators provocatively suggested that Murban could be a substitute for Brent or even possibly WTI. Others posited that Murban could reduce Opec market power and upend Middle East oil pricing. After its first month of trading, has the contract lived up to the hype?
European power trading innovation: The rise of PPAs pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.
European power trading innovation: Retaining the special sauce
Complex intra-day power markets increasingly require AI support. But it is important market actors have their own proprietary solutions
Traders are a breed apart. And while they jump at any tools that might give them an edge over their competitors, they are extremely protective of their own autonomy and ability to add value, and wary of tools that might impinge on this.
In European power markets, the line between IT trader support and algorithmic decision-making risks being increasingly blurred. Petroleum Economist discusses with Peter Bance, CEO of software firm Origami, how his firm aims to stay clearly on its side of the line.
European power trading innovation: The rush to intra-day
The profits to be made from optimising a portfolio on a close-to-real-time basis have driven a significant shift in the market
It would have been difficult to imagine, just a few years ago, that a German spot power market participant would have not traded the day-ahead market. But that is exactly what customers are now telling Georg Ostermaier, managing director of German software firm Decision Trees.
The rise of the intra-day market has been a European power trading mega-trend in recent years. Ostermaier tells Petroleum Economist more. Georg Ostermaier, managing director of Decision Trees