Russia forges ahead with power market liberalisation
Otkritie analysts say the volume of electricity traded on the liberalised domestic market went up from about 25% in June to about 41% on July 1. The spot electricity price went up by 9.6% in the Europe-Urals price zone and went down by 20.3% in the Siberian price zone. In addition, July 2 prices on the day-ahead market showed a further 1.7% increase and a 0.9% decrease, respectively.
Although it is too early to draw forward-looking conclusions based on 1-day data, Otkritie says the upsurge in electricity volumes traded on the market has not sparked drastic price hikes and it does not intend to change its forecast of average free electricity prices for 2009.
More on Electricity
Next-gen PPA contracts reshaping European power markets
As energy market participants seek new ways of capturing value from volatility, new skills are required to structure and price increasingly complex power purchase agreements
Ercot reforms ace winter but Iran conflict and summer pose bigger test
Ercot’s RTC+B reform passes Storm Fern test – now market participants brace for extended Middle East conflict and high-load summer months
Interest in battery and flexibility soars in European energy markets
Energy traders are structuring bespoke contracts around Bess and flexibility that facilitate new ways of managing and sharing risk in this nascent market
Axpo interview: the rise of flexibility contracts in European power
Axpo’s Domenico Franceschino talks to Energy Risk about flexibility contracts, battery optimisation and the role of risk management in valuing these bespoke products
US power markets grapple with surging AI demand
Through rising demand and increased market participation, technology giants are transforming US power markets
CRO interview: Shawnie McBride
NRG’s chief risk officer Shawnie McBride discusses the challenges of increasingly interconnected risks, fostering a risk culture and her most useful working habits
Energy Risk Europe Leaders’ Network: geopolitical risk
Energy Risk’s European Leaders’ Network had its first meeting in November to discuss the risks posed to energy firms by recent geopolitical developments
Energy Risk US Leaders’ Network: tackling volatility
Energy Risk’s inaugural US Leaders’ Network convened in Houston in October to discuss risk management challenges caused by geopolitical upheaval, policy uncertainty and volatility
