business model

Boosting midstream asset value capture | 03 Dec, 2018

This decade has been a tough one for owners of flexible midstream gas assets such as storage, pipelines & regas terminals. Asset returns have been ...

Power plant optionality & dispatch cost hurdles | 29 Oct, 2018

The transition taking place in European power markets is reshaping supply stacks. Retiring coal, CCGT & nuclear plants are being replaced with a c ...

UK battery investment 3: building an investment case | 15 Oct, 2018

The current interest in UK merchant battery investment is supported by some powerful fundamental drivers. The most important of these is a strong case ...

Building an energy trading capability | 24 Sep, 2018

To trade or not to trade. This has been a philosophical question confronting energy company boards since the liberalization of energy markets. Trad ...

UK battery investment 1: business model transition | 03 Sep, 2018

Battery storage broke through the investment viability barrier in the UK’s 2016 capacity auctions. 200MW of batteries were successful in the 2016 ...

Monetising European gas storage value | 11 Jun, 2018

Storage capacity is a feature of most European gas portfolios.  Traders and portfolio managers use storage as a key source of midstream flexibility t ...

A new UK CCGT despite no price signal | 04 Jun, 2018

The 8 £/kW clearing price in this year’s capacity auction presented a serious roadblock for new CCGT projects. But Scottish utility SSE has mounted ...

Implications of UK capacity auction results | 19 Feb, 2018

There have been genuine reductions in the costs of flexible capacity over the last 12 months.  These have been supported by falling costs of capital ...

Cracking the new US export business model | 06 Nov, 2017

48 mtpa of 2nd wave US export projects are queued to go.  They have sites, FERC approval and in many cases good access to infrastructure and skilled ...

Market access contracts: 5 success factors | 10 Apr, 2017

Owners of gas and power assets in Europe are increasingly contracting 3rd parties to provide market access services. This is a function of changing as ...

Contracting for market access via a 3rd party | 06 Mar, 2017

A major transition is taking place with European energy asset ownership structures. Thermal power and midstream gas assets have traditionally been own ...

Long term contract pricing: counterparty motivations | 11 Apr, 2016

The pricing terms of long term contracts on flexible gas & power assets are typically the subject of lengthy negotiations. They also often remain ...

Acquisitions and monetising asset value | 11 May, 2015

European energy asset transaction activity is on the rise. After ambitious but largely unsuccessful growth and acquisition sprees last decade, utiliti ...

Strategic negotiation with portfolio assets in play | 28 Oct, 2013

This is the third and final in a series of articles on commercial negotiation of long term energy contracts, written by Nick Perry. In the first tw ...

RWE: Anatomy of a gas portfolio | 16 Jul, 2012

The gap between gas hub and oil indexed contract prices has been a key factor driving the evolution of the European gas market over the last five year ...

The evolution of risk capital allocation in energy companies | 11 Jun, 2012

The following article was published in the May 2012 edition of Energy Risk magazine. The fallout from the financial crisis has seen a fundamental shi ...

Preparing your business for a eurozone breakup? | 09 Jan, 2012

The probability and timing of a disorderly eurozone breakup are difficult to predict.  But if a breakup occurs, the risk impact on most European ener ...