SlideShare a Scribd company logo
1 of 41
Introduction to Energy Markets & Modelling Rouveyrollis Nicolas 07 10 2010
Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Contents ,[object Object],[object Object],[object Object],[object Object]
Key Figure :  World primary energy consumption
Key Figure :  Regional primary energy consumption  patterns
Key Figure :  Oil Production
Key Figure :  Historical Prices
Contents ,[object Object],[object Object],[object Object],[object Object]
Markets 1/2 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Markets 2/2 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Who Trades Energy Today & Why ?  1/4 ,[object Object],[object Object],[object Object]
Who Trades Energy Today & Why ?  2/4 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Who Trades Energy Today & Why ?  3/4
Who Trades Energy Today & Why ?  4/4
Contents ,[object Object],[object Object],[object Object],[object Object]
Most Popular Derivatives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Core Derivatives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Contract Specification
Most Popular Derivatives
How Price Risk is Managed (Oil & Natural Gas) ?
Example : Tolling Deal 1/4 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example : Tolling Deal 2/4 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example : Tolling Deal 3/4  ,[object Object],[object Object],[object Object],[object Object]
Example : Tolling Deal 4/4
Contents ,[object Object],[object Object],[object Object],[object Object]
Modelling ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Modelling Oil 1/3 ,[object Object]
Modelling Oil 2/3
Modelling Oil 3/3 ,[object Object],[object Object],[object Object]
Modelling Gas 1/2 ,[object Object]
Modelling Gas 2/2 ,[object Object]
Modelling Electricity 1/3 ,[object Object]
Modelling Electricity 2/3 ,[object Object]
Modelling Electricity 3/3 ,[object Object]
Correlations 1/2 ,[object Object]
Correlations 2/2 ,[object Object],[object Object],[object Object]
Volatilities 1/3 ,[object Object]
Volatilities 2/3 ,[object Object]
Volatilities 3/3 ,[object Object]
Choosing a model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusion & References ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

More Related Content

What's hot

Energy Storage Systems and Technology
Energy Storage Systems and TechnologyEnergy Storage Systems and Technology
Energy Storage Systems and TechnologyBushveld Energy
 
Compressed air energy storage
Compressed air energy storageCompressed air energy storage
Compressed air energy storageAng Sovann
 
Renewable Hydrogen Energy Storage
Renewable Hydrogen Energy StorageRenewable Hydrogen Energy Storage
Renewable Hydrogen Energy Storagegrambach
 
Training Module on Electricity Market Regulation - SESSION 2 - Market Design
Training Module on Electricity Market Regulation - SESSION 2 - Market DesignTraining Module on Electricity Market Regulation - SESSION 2 - Market Design
Training Module on Electricity Market Regulation - SESSION 2 - Market DesignLeonardo ENERGY
 
Green hydrogen production and distribution
Green hydrogen production and distributionGreen hydrogen production and distribution
Green hydrogen production and distributionHenrik Steen Pedersen
 
Flexibility needs in the future power system
Flexibility needs in the future power systemFlexibility needs in the future power system
Flexibility needs in the future power systemLeonardo ENERGY
 
Energy storage technologies
Energy storage technologiesEnergy storage technologies
Energy storage technologiessrikanth reddy
 
Economics of Energy Efficiency
Economics of Energy EfficiencyEconomics of Energy Efficiency
Economics of Energy Efficiencymaggiewinslow
 
Green hydrogen technology.pptx
Green hydrogen technology.pptxGreen hydrogen technology.pptx
Green hydrogen technology.pptxHemchandMore1
 
hydrogen as a fuel , ecosystem and future initiative
hydrogen as a fuel , ecosystem and future initiativehydrogen as a fuel , ecosystem and future initiative
hydrogen as a fuel , ecosystem and future initiativeSaquib Khursheed
 
ENERGY STORAGE TECHNOLOGIES FOR INTERMITTENT RENEWABLE ENERGY SYSTEMS
ENERGY STORAGE TECHNOLOGIES FOR INTERMITTENT RENEWABLE ENERGY SYSTEMS ENERGY STORAGE TECHNOLOGIES FOR INTERMITTENT RENEWABLE ENERGY SYSTEMS
ENERGY STORAGE TECHNOLOGIES FOR INTERMITTENT RENEWABLE ENERGY SYSTEMS Power System Operation
 
presentation on NANO-TECH REGENERATIVE FUEL CELL
presentation on NANO-TECH REGENERATIVE FUEL CELLpresentation on NANO-TECH REGENERATIVE FUEL CELL
presentation on NANO-TECH REGENERATIVE FUEL CELLcutejuhi
 

What's hot (20)

Energy economics ppt
Energy economics pptEnergy economics ppt
Energy economics ppt
 
Energy Storage Systems and Technology
Energy Storage Systems and TechnologyEnergy Storage Systems and Technology
Energy Storage Systems and Technology
 
Compressed air energy storage
Compressed air energy storageCompressed air energy storage
Compressed air energy storage
 
Renewable Hydrogen Energy Storage
Renewable Hydrogen Energy StorageRenewable Hydrogen Energy Storage
Renewable Hydrogen Energy Storage
 
Energy and security
Energy and securityEnergy and security
Energy and security
 
Training Module on Electricity Market Regulation - SESSION 2 - Market Design
Training Module on Electricity Market Regulation - SESSION 2 - Market DesignTraining Module on Electricity Market Regulation - SESSION 2 - Market Design
Training Module on Electricity Market Regulation - SESSION 2 - Market Design
 
Energy Conservation
Energy ConservationEnergy Conservation
Energy Conservation
 
Green hydrogen production and distribution
Green hydrogen production and distributionGreen hydrogen production and distribution
Green hydrogen production and distribution
 
Flexibility needs in the future power system
Flexibility needs in the future power systemFlexibility needs in the future power system
Flexibility needs in the future power system
 
Energy storage technologies
Energy storage technologiesEnergy storage technologies
Energy storage technologies
 
Economics of Energy Efficiency
Economics of Energy EfficiencyEconomics of Energy Efficiency
Economics of Energy Efficiency
 
Green hydrogen technology.pptx
Green hydrogen technology.pptxGreen hydrogen technology.pptx
Green hydrogen technology.pptx
 
hydrogen as a fuel , ecosystem and future initiative
hydrogen as a fuel , ecosystem and future initiativehydrogen as a fuel , ecosystem and future initiative
hydrogen as a fuel , ecosystem and future initiative
 
Enerigias renovables
Enerigias renovablesEnerigias renovables
Enerigias renovables
 
ENERGY STORAGE TECHNOLOGIES FOR INTERMITTENT RENEWABLE ENERGY SYSTEMS
ENERGY STORAGE TECHNOLOGIES FOR INTERMITTENT RENEWABLE ENERGY SYSTEMS ENERGY STORAGE TECHNOLOGIES FOR INTERMITTENT RENEWABLE ENERGY SYSTEMS
ENERGY STORAGE TECHNOLOGIES FOR INTERMITTENT RENEWABLE ENERGY SYSTEMS
 
Energy Transition(s): where are we?
Energy Transition(s): where are we?Energy Transition(s): where are we?
Energy Transition(s): where are we?
 
Power Purchase Agreement PPA
Power Purchase Agreement PPA Power Purchase Agreement PPA
Power Purchase Agreement PPA
 
Energy Security
Energy SecurityEnergy Security
Energy Security
 
presentation on NANO-TECH REGENERATIVE FUEL CELL
presentation on NANO-TECH REGENERATIVE FUEL CELLpresentation on NANO-TECH REGENERATIVE FUEL CELL
presentation on NANO-TECH REGENERATIVE FUEL CELL
 
Energy Efficiency
Energy EfficiencyEnergy Efficiency
Energy Efficiency
 

Viewers also liked

IBM smarter energy
IBM smarter energyIBM smarter energy
IBM smarter energybenhanley77
 
Responding To Continual Energy Market Change
Responding To Continual Energy Market ChangeResponding To Continual Energy Market Change
Responding To Continual Energy Market ChangeCTRM Center
 
Putting the Smart Grid into Perspective
Putting the Smart Grid into PerspectivePutting the Smart Grid into Perspective
Putting the Smart Grid into PerspectiveEchelon Corporation
 
Implementing Oracle Utilities Smart Grid Gateway: A Customer Experience
Implementing Oracle Utilities Smart Grid Gateway: A Customer ExperienceImplementing Oracle Utilities Smart Grid Gateway: A Customer Experience
Implementing Oracle Utilities Smart Grid Gateway: A Customer Experiencecgjohns
 
Commodities and Blockchain - Distributed Ledger Technology
Commodities and  Blockchain - Distributed Ledger Technology Commodities and  Blockchain - Distributed Ledger Technology
Commodities and Blockchain - Distributed Ledger Technology GE 94
 
Smart edge ioT devices enable utility company to create new business segments...
Smart edge ioT devices enable utility company to create new business segments...Smart edge ioT devices enable utility company to create new business segments...
Smart edge ioT devices enable utility company to create new business segments...mfrancis
 
Prestiva ETRM process allegro
Prestiva ETRM process allegroPrestiva ETRM process allegro
Prestiva ETRM process allegroMurali Venkatesh
 
Utilities Transformation: Improving the Time to Value of Technology
Utilities Transformation: Improving the Time to Value of TechnologyUtilities Transformation: Improving the Time to Value of Technology
Utilities Transformation: Improving the Time to Value of TechnologyCapgemini
 
10 conseils pour gérer votre page Facebook professionelle
10 conseils pour gérer votre page Facebook professionelle10 conseils pour gérer votre page Facebook professionelle
10 conseils pour gérer votre page Facebook professionelleAgoralink
 
Emergence and transformation of digital utilities in the “smart” era
Emergence and transformation of digital utilities in the “smart” era Emergence and transformation of digital utilities in the “smart” era
Emergence and transformation of digital utilities in the “smart” era Capgemini
 
Miracle Smart Grid Value Add Xcel
Miracle Smart Grid   Value Add XcelMiracle Smart Grid   Value Add Xcel
Miracle Smart Grid Value Add XcelDavid White
 
Big Data Analytics in Energy & Utilities
Big Data Analytics in Energy & UtilitiesBig Data Analytics in Energy & Utilities
Big Data Analytics in Energy & UtilitiesAnders Quitzau
 

Viewers also liked (12)

IBM smarter energy
IBM smarter energyIBM smarter energy
IBM smarter energy
 
Responding To Continual Energy Market Change
Responding To Continual Energy Market ChangeResponding To Continual Energy Market Change
Responding To Continual Energy Market Change
 
Putting the Smart Grid into Perspective
Putting the Smart Grid into PerspectivePutting the Smart Grid into Perspective
Putting the Smart Grid into Perspective
 
Implementing Oracle Utilities Smart Grid Gateway: A Customer Experience
Implementing Oracle Utilities Smart Grid Gateway: A Customer ExperienceImplementing Oracle Utilities Smart Grid Gateway: A Customer Experience
Implementing Oracle Utilities Smart Grid Gateway: A Customer Experience
 
Commodities and Blockchain - Distributed Ledger Technology
Commodities and  Blockchain - Distributed Ledger Technology Commodities and  Blockchain - Distributed Ledger Technology
Commodities and Blockchain - Distributed Ledger Technology
 
Smart edge ioT devices enable utility company to create new business segments...
Smart edge ioT devices enable utility company to create new business segments...Smart edge ioT devices enable utility company to create new business segments...
Smart edge ioT devices enable utility company to create new business segments...
 
Prestiva ETRM process allegro
Prestiva ETRM process allegroPrestiva ETRM process allegro
Prestiva ETRM process allegro
 
Utilities Transformation: Improving the Time to Value of Technology
Utilities Transformation: Improving the Time to Value of TechnologyUtilities Transformation: Improving the Time to Value of Technology
Utilities Transformation: Improving the Time to Value of Technology
 
10 conseils pour gérer votre page Facebook professionelle
10 conseils pour gérer votre page Facebook professionelle10 conseils pour gérer votre page Facebook professionelle
10 conseils pour gérer votre page Facebook professionelle
 
Emergence and transformation of digital utilities in the “smart” era
Emergence and transformation of digital utilities in the “smart” era Emergence and transformation of digital utilities in the “smart” era
Emergence and transformation of digital utilities in the “smart” era
 
Miracle Smart Grid Value Add Xcel
Miracle Smart Grid   Value Add XcelMiracle Smart Grid   Value Add Xcel
Miracle Smart Grid Value Add Xcel
 
Big Data Analytics in Energy & Utilities
Big Data Analytics in Energy & UtilitiesBig Data Analytics in Energy & Utilities
Big Data Analytics in Energy & Utilities
 

Similar to Energy Markets

Energy markets and Geopolitics - Strathclyde University 28 11_16
Energy markets and Geopolitics - Strathclyde University 28 11_16Energy markets and Geopolitics - Strathclyde University 28 11_16
Energy markets and Geopolitics - Strathclyde University 28 11_16Chris Cook
 
Contracts and risk on electricity markets
Contracts and risk on electricity marketsContracts and risk on electricity markets
Contracts and risk on electricity marketsLéopold Monjoie
 
EUAA - 2011 Presentation
EUAA - 2011 PresentationEUAA - 2011 Presentation
EUAA - 2011 PresentationDavid Pethick
 
A2 Micro Unit 3 Revision Advice
A2 Micro Unit 3 Revision AdviceA2 Micro Unit 3 Revision Advice
A2 Micro Unit 3 Revision Advicetutor2u
 
Competition Policy and Utility Industries
Competition Policy and Utility IndustriesCompetition Policy and Utility Industries
Competition Policy and Utility Industriestutor2u
 
Reinforcement learning for electrical markets and the energy transition
Reinforcement learning for electrical markets and the energy transitionReinforcement learning for electrical markets and the energy transition
Reinforcement learning for electrical markets and the energy transitionUniversité de Liège (ULg)
 
Importance of transparency in price formation
Importance of transparency in price formationImportance of transparency in price formation
Importance of transparency in price formationДенис Киркач
 
greenhouse-gas-allowance-allocation-cost-pass-through-sector-differentiation-...
greenhouse-gas-allowance-allocation-cost-pass-through-sector-differentiation-...greenhouse-gas-allowance-allocation-cost-pass-through-sector-differentiation-...
greenhouse-gas-allowance-allocation-cost-pass-through-sector-differentiation-...Eric Williams
 
PLEXOS applications
PLEXOS applicationsPLEXOS applications
PLEXOS applicationsTarun Reddy
 
Electricity Market Day 2015 - Colas Chabanne, ENTSO-E WG Market Design and ...
Electricity Market Day 2015 -  Colas Chabanne, ENTSO-E  WG Market Design and ...Electricity Market Day 2015 -  Colas Chabanne, ENTSO-E  WG Market Design and ...
Electricity Market Day 2015 - Colas Chabanne, ENTSO-E WG Market Design and ...Fingrid Oyj
 
Bidding strategies in deregulated power market
Bidding strategies in deregulated power marketBidding strategies in deregulated power market
Bidding strategies in deregulated power marketGautham Reddy
 
Energy fintech 18_10_19
Energy fintech  18_10_19Energy fintech  18_10_19
Energy fintech 18_10_19Chris Cook
 
The future of energy procurement - Magnus Walker at PfH Live 2015
The future of energy procurement - Magnus Walker at PfH Live 2015The future of energy procurement - Magnus Walker at PfH Live 2015
The future of energy procurement - Magnus Walker at PfH Live 2015Procurement For Housing
 
Options pricing2
Options pricing2Options pricing2
Options pricing2Urmas Aunin
 
Business Economics 09 Market Structures & Pricing Strategy
Business Economics 09 Market Structures & Pricing StrategyBusiness Economics 09 Market Structures & Pricing Strategy
Business Economics 09 Market Structures & Pricing StrategyUttam Satapathy
 
Spencer odgen power point
Spencer odgen power pointSpencer odgen power point
Spencer odgen power pointdanny60473
 
Supporting ‘Green’ electricity: Lessons learned from the Spanish Feed‐in tar...
Supporting ‘Green’ electricity:  Lessons learned from the Spanish Feed‐in tar...Supporting ‘Green’ electricity:  Lessons learned from the Spanish Feed‐in tar...
Supporting ‘Green’ electricity: Lessons learned from the Spanish Feed‐in tar...Gnera Energía y Tecnología
 

Similar to Energy Markets (20)

Energy markets and Geopolitics - Strathclyde University 28 11_16
Energy markets and Geopolitics - Strathclyde University 28 11_16Energy markets and Geopolitics - Strathclyde University 28 11_16
Energy markets and Geopolitics - Strathclyde University 28 11_16
 
Contracts and risk on electricity markets
Contracts and risk on electricity marketsContracts and risk on electricity markets
Contracts and risk on electricity markets
 
Financial Instruments for Energy Markets
Financial Instruments for Energy MarketsFinancial Instruments for Energy Markets
Financial Instruments for Energy Markets
 
EUAA - 2011 Presentation
EUAA - 2011 PresentationEUAA - 2011 Presentation
EUAA - 2011 Presentation
 
A2 Micro Unit 3 Revision Advice
A2 Micro Unit 3 Revision AdviceA2 Micro Unit 3 Revision Advice
A2 Micro Unit 3 Revision Advice
 
Competition Policy and Utility Industries
Competition Policy and Utility IndustriesCompetition Policy and Utility Industries
Competition Policy and Utility Industries
 
Reinforcement learning for electrical markets and the energy transition
Reinforcement learning for electrical markets and the energy transitionReinforcement learning for electrical markets and the energy transition
Reinforcement learning for electrical markets and the energy transition
 
Importance of transparency in price formation
Importance of transparency in price formationImportance of transparency in price formation
Importance of transparency in price formation
 
greenhouse-gas-allowance-allocation-cost-pass-through-sector-differentiation-...
greenhouse-gas-allowance-allocation-cost-pass-through-sector-differentiation-...greenhouse-gas-allowance-allocation-cost-pass-through-sector-differentiation-...
greenhouse-gas-allowance-allocation-cost-pass-through-sector-differentiation-...
 
PLEXOS applications
PLEXOS applicationsPLEXOS applications
PLEXOS applications
 
Electricity Market Day 2015 - Colas Chabanne, ENTSO-E WG Market Design and ...
Electricity Market Day 2015 -  Colas Chabanne, ENTSO-E  WG Market Design and ...Electricity Market Day 2015 -  Colas Chabanne, ENTSO-E  WG Market Design and ...
Electricity Market Day 2015 - Colas Chabanne, ENTSO-E WG Market Design and ...
 
Bidding strategies in deregulated power market
Bidding strategies in deregulated power marketBidding strategies in deregulated power market
Bidding strategies in deregulated power market
 
Managing volatility - Magnus Walker
Managing volatility - Magnus WalkerManaging volatility - Magnus Walker
Managing volatility - Magnus Walker
 
Energy fintech 18_10_19
Energy fintech  18_10_19Energy fintech  18_10_19
Energy fintech 18_10_19
 
Monopoly
MonopolyMonopoly
Monopoly
 
The future of energy procurement - Magnus Walker at PfH Live 2015
The future of energy procurement - Magnus Walker at PfH Live 2015The future of energy procurement - Magnus Walker at PfH Live 2015
The future of energy procurement - Magnus Walker at PfH Live 2015
 
Options pricing2
Options pricing2Options pricing2
Options pricing2
 
Business Economics 09 Market Structures & Pricing Strategy
Business Economics 09 Market Structures & Pricing StrategyBusiness Economics 09 Market Structures & Pricing Strategy
Business Economics 09 Market Structures & Pricing Strategy
 
Spencer odgen power point
Spencer odgen power pointSpencer odgen power point
Spencer odgen power point
 
Supporting ‘Green’ electricity: Lessons learned from the Spanish Feed‐in tar...
Supporting ‘Green’ electricity:  Lessons learned from the Spanish Feed‐in tar...Supporting ‘Green’ electricity:  Lessons learned from the Spanish Feed‐in tar...
Supporting ‘Green’ electricity: Lessons learned from the Spanish Feed‐in tar...
 

More from NicolasRR

Catalogue of Models for Electricity Prices Part 2
Catalogue of Models for Electricity Prices Part 2Catalogue of Models for Electricity Prices Part 2
Catalogue of Models for Electricity Prices Part 2NicolasRR
 
Catalogue of models for Electricity Markets
Catalogue of models for Electricity MarketsCatalogue of models for Electricity Markets
Catalogue of models for Electricity MarketsNicolasRR
 
Non linear prediction of Earth Orientation Parameters
Non linear prediction of Earth Orientation ParametersNon linear prediction of Earth Orientation Parameters
Non linear prediction of Earth Orientation ParametersNicolasRR
 
Getting Started On Commodities
Getting Started On CommoditiesGetting Started On Commodities
Getting Started On CommoditiesNicolasRR
 
Using Singular Spectrum Analysis to Model Electricity Prices
Using Singular Spectrum Analysis  to Model Electricity PricesUsing Singular Spectrum Analysis  to Model Electricity Prices
Using Singular Spectrum Analysis to Model Electricity PricesNicolasRR
 
Power Market and Models Convergence ?
Power Market and Models Convergence ?Power Market and Models Convergence ?
Power Market and Models Convergence ?NicolasRR
 
Toward Unified Analysis of Electricity Day Ahead Prices in Europe (French)
Toward Unified Analysis of Electricity Day Ahead Prices in Europe (French)Toward Unified Analysis of Electricity Day Ahead Prices in Europe (French)
Toward Unified Analysis of Electricity Day Ahead Prices in Europe (French)NicolasRR
 
Toward Modelling Electricity (French)
Toward Modelling Electricity (French)Toward Modelling Electricity (French)
Toward Modelling Electricity (French)NicolasRR
 

More from NicolasRR (8)

Catalogue of Models for Electricity Prices Part 2
Catalogue of Models for Electricity Prices Part 2Catalogue of Models for Electricity Prices Part 2
Catalogue of Models for Electricity Prices Part 2
 
Catalogue of models for Electricity Markets
Catalogue of models for Electricity MarketsCatalogue of models for Electricity Markets
Catalogue of models for Electricity Markets
 
Non linear prediction of Earth Orientation Parameters
Non linear prediction of Earth Orientation ParametersNon linear prediction of Earth Orientation Parameters
Non linear prediction of Earth Orientation Parameters
 
Getting Started On Commodities
Getting Started On CommoditiesGetting Started On Commodities
Getting Started On Commodities
 
Using Singular Spectrum Analysis to Model Electricity Prices
Using Singular Spectrum Analysis  to Model Electricity PricesUsing Singular Spectrum Analysis  to Model Electricity Prices
Using Singular Spectrum Analysis to Model Electricity Prices
 
Power Market and Models Convergence ?
Power Market and Models Convergence ?Power Market and Models Convergence ?
Power Market and Models Convergence ?
 
Toward Unified Analysis of Electricity Day Ahead Prices in Europe (French)
Toward Unified Analysis of Electricity Day Ahead Prices in Europe (French)Toward Unified Analysis of Electricity Day Ahead Prices in Europe (French)
Toward Unified Analysis of Electricity Day Ahead Prices in Europe (French)
 
Toward Modelling Electricity (French)
Toward Modelling Electricity (French)Toward Modelling Electricity (French)
Toward Modelling Electricity (French)
 

Energy Markets