The energy market transition is presenting challenges to the economics of many traditional energy assets. Regulation, and the increasing deployment of zero-marginal cost renewable generation is leading to lower utilisation rates for conventional generation. However the energy transition is opening up opportunities for other traditional energy assets such as interconnectors, which are increasingly seen as part of the solution to balancing the future electricity networks.
Where electricity markets are becoming more local, gas markets are increasingly globalising with the growth in LNG, and the entry of new producers into the market due to the development of shale gas.
I help owners of conventional energy assets to optimise their portfolios, carry out due diligence for the sale or acquisition of new assets, and adapt their business models in the face of changing markets.
Areas of focus
Route-to-Market & Tolling Agreements
Structuring route-to-market and tolling contracts from execution-only to full service offtake and optimisation agreements
- Assisting clients in determining the appropriate approach for their circumstances
- Advising on commercial arrangements including ongoing contract management
- Helping clients balance the need to reflect physical asset characteristics while minimising operational complexity
Risk Management
& Hedging
Supporting clients in developing oil, gas and electricity risk management and hedging strategies
- Identifying and evaluating risk and risk appetite
- Assisting in the negotiation of trading agreements
- Establishing internal hedging governance frameworks, including securing board approval
Acquisitions
& Disposals
Analysing asset portfolios including available revenue streams and cost profiles
- Analysis of any associated hedging portfolio and advising on any hedge novations or re-structuring
- Post acquisition management and monitoring including developing asset optimisation strategies
Managing Global
Portfolios
Helping clients to navigate regulatory and geopolitical risks associated with global energy portfolios
- Analysis of the potential impact of Brexit on a client’s operations
- Understanding EU-level developments on energy security and the implications for oil and gas trading
Conventional Energy Assets Insights
Should electricity markets be more local?
While working on my new training offering, I have been reading about the very earliest days of electricity and [...]
Another BritNed outage illustrates the risks of the current offshore infrastructure regime
The 1 GW BritNed interconnector linking GB with the Netherlands has suffered another fault and is expected to be [...]
UK ETS auctions to launch in May with higher reserve price
Last week saw some updates to the new UK Emissions Trading Scheme (“UK ETS”) which is set to replace [...]
New consumer protection proposals unlikely to work for energy sector
Last week saw the publication of a review by Conservative MP John Penrose into how the UK’s approach to [...]
Getting building energy performance right is essential for net zero – part III
This is the final post in my series on the energy performance of buildings. The first two (here and [...]