Symposium on Risks in Integrated Energy Systems
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.
Programme
Programme
8:45
Registration & Coffee
9:15
Welcome Address
Alan Barrett, Director, ESRI
SESSION 1: Risk and Finance in Integrated Energy Systems
Chair: Valentin Bertsch, ESRI
9:30
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, and Martina Assereto, UCD
10:45
Tea/Coffee Break
11:15
Panel Discussion
Chair: Lisa Ryan, UCD
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 John, KYOS
12:10
A looming revolution: Implication 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
Lunch and Close of Conference