Integrated energy scenario management for optimal decision support
One of the most important challenges in the energy business is the optimal management of complex energy portfolios – making decisions under uncertainty. Current challenges energy professionals face include:
- Choosing between alternative trading decisions (exchange, OTC, optionality, etc.)
- Taking advantage of contracted delivery, flexibility or alternative pricing
- Determining the optimal type and use of transport and the most cost-effective routing
- Making 'burn or sell' decisions for fuels
- Optimising storage usage
- Committing and dispatching generation units
- Considering physical and regulatory constraints
In a complex portfolio with flexible cross-commodity positions, transmission capacities, storage and generation assets, and trading alternatives, the decision-maker must take into account all interrelations between the portfolio assets as well as the coherence of the supply-demand solution.
A lot of these decisions have to be made in a situation where many input factors are still uncertain. For an optimal decision-making process, it is important to have all related information available and to be able to analyse the necessary variety of scenarios and their business impacts on profit and risk.
Click here to register to view this event
More on Risk management
Energy firms revisit CTRM systems as tech advances
Energy executives mull how to tap into the explosion of new technologies entering the risk space, but systems selection must consider future business needs, writes Yefreed Ditta at Value Creed
CRO interview: Brett Humphreys
Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register
How geopolitical risk turned into a systemic stress test
Conflict over resources is reshaping markets in a way that goes beyond occasional risk premia
Energy Risk Debates: the influence of risk culture
The panellists examine different risk cultures and discuss the risk manager’s role and influence in creating a risk culture
Energy Risk reaction: Venezuela and oil sanctions
Energy Risk talks to Rob McLeod at Hartree Partners about the energy risk implications of the US’s control of Venezuelan oil
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
Increasingly interconnected risks require unified risk management
Operational risk is on the rise according to a Moody's survey, making unified risk management vital, say Sapna Amlani and Stephen Golliker
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
