European power trading innovation: Taking the short term to the long
The rise of renewables has revolutionised short-term trading. But that will have a feedback loop to the longer-term market
“When you look now at forward markets, you are not looking at trading multi-seasons at a time, you are looking at, effectively, lots of small intra-day decisions.” So says Rajiv Gogna, partner and development lead at consultancy LCP. LCP began its power market analytics journey focused on the long-term outlook for the market, followed by analysing the intra-day, but the requirement to optimise on a continuous basis is driving an expansion of its offering. “The ambition is to join up the different parts of the curve in terms of no longer just looking at the intra-day itself, but rather looking at what does intra-day versus 20 years’ time look like” says Gogna.
Also in this section
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years