Energy and peak performance Alpiq Commerce & Trading

Transcription

1 Energy and peak performance Alpiq Commerce & Trading 1

2 2

3 Alpiq is a leading Swiss electricity and energy services provider with a European focus. The company is active in power production, as well as energy trading and sales. Alpiq offers its clients extensive, efficient energy services for buildings and plants, transport technology, as well as power and industrial plants engineering. Alpiq is active in international energy trading on all the important European exchanges and bilateral markets. There Alpiq optimises its own asset portfolio including supply contracts as well offers portfoliomanagement services, and trades with standardised and structured products. Alpiq is the number 1 in cross-border trading in Central East and South East Europe. With its local presence in European markets, Alpiq covers the needs of its clients with tailored solutions. The Alpiq Group is head quartered in Lausanne and is listed on the Swiss Exchange SIX. 3

4 N Generation N Commerce & Trading N Energy Services 4

5 Alpiq Commerce & Trading in Western Europe The Alpiq Business Division Commerce & Trading is active in more than 25 markets in Europe. Our commercial offer includes individual power and gas products on full and strategic supply for utilities, resellers, large industrial customers and small medium enterprises in West and Central East and South East Europe. We trade standardised products including base, peak, off-peak, blocks and single hours as well as structured products such as swings, virtual power plants (VPP), hourly options and spread options in the area of electricity, gas, emission rights and environmental certificates. We trade at all European energy exchanges and gas hubs. Our asset traders operate a successful trading business that benefits from the flexibility of Alpiq s assets. These assets include power plants in Switzerland, Italy, France and Spain as well as storage capacities and long-term contracts. We are proud of being the number one in cross-border trading in Central Eastern and South Eastern Europe. Among core competences are portfolio management, power plant management, management of renewable energies and grid services in Europe. 5

6 Alpiq Commerce & Trading in Central Eastern and South Eastern Europe Presence and Services Alpiq is present in 20 countries across the whole CESEE region and offers a broad range of products and services in the field of wholesale and origination. Alpiq is active on all major Power Exchanges and Broker platforms in CESEE Participant on all cross border capacity auctions Concluded frame agreements with all key market players Physical wholesale deliveries Market based deliveries Sheduled deliveries Structured products (base, peak) Customized electricity supply per clients needs Other services Portfolio management Cross-border optimization Balancing circle management Electricity portfolio strategy Market access Market overviews / spot analysis Green certificates trading Emission allowances trading RES energy off-take Balancing and scheduling services Gas turbine optimization Ancillary services Alpiq is the only energy company active in all CESEE countries and thus able to procure energy on markets which have surplus generation transit energy across all borders redirect flows if the market conditions change Alpiq can offer security of supply by connecting liquid with illiquid markets and capitalizing on its large international portfolio How we serve our customers Enhancing and creating liquidity for non-standard products Providing flexible and customized solutions Providing access to international energy markets Focusing on a long-term balanced relationship Taking of price and liquidity risks using our international portfolio Interest of Alpiq in CESEE Execution of deals in wholesale / cross-border trades Tranche procurement for large industrial partners Conclusion of long-term power purchase agreements Conclusion of PPAs with RES producers / balancing and scheduling of RES Alpiq is open to new partnerships and opportunities across CESEE Gas sale and trading 6

7 Our Gas and Multicommodities team is the knowledge centre for the gas, oil, coal and CO 2 markets within Alpiq Natural Gas and Multicommodities We gather fundamental and technical information and gain an understanding of all relevant markets through our intensive trading activities. Core competences We trade gas, oil, coal and cross commodities on the wholesale European energy markets. We develop strategies, using advanced fundamental and technical analysis, leveraging our in-depth understanding of the interaction between power and the other commodity markets. We manage a European gas supply portfolio for the Alpiq Group and generate revenue through optimisation of multicommodity asset positions. We implement physical supply strategies for thermal power plants and manage their financial risks. Gas solutions for you Alpiq is constantly expanding its European footprint in the gas sector. We have both a local presence and close relationships with our clients, while sharing the benefits of using Alpiq s swift, flexible and efficient resources. We can provide you with multi-commodity energy solutions in the major Western and Eastern European gas market areas including Switzerland. Together with our customers we define the appropriate risk profile and search for the optimal procurement option in terms of volume and price structure. Midstream gas activities With its portfolio positions in transportation and storage across Europe, Alpiq is well positioned to take advantage of the opportunities arising from ongoing liberalisation of the gas markets. The Gas and Multi-commodities team is developing midstream gas merchant activities in the main European markets. We offer structured products to our customers and give them access to hubs and products enabling them to manage market price risks on the UK and the main continental gas markets. Energy Products and Services Full gas supply service for industries, medium and small enterprises Tailor made and flexible Structured gas products and portfolio management service for utilities, big industries and gas fired power producer Management of price and volume risks through Swing contracts with different TOP levels and price indexation, Virtual Storage agreement, Virtual Transport agreement and Spark Spread Options Market Access Service to participate on European OTC gas markets or to physically procure gas quantities for own needs from European OTC gas markets, without dealing with master agreements, credit- and/or margin calls, exchange fees 7

8 Our business comprises all the main European exchanges, trading platforms and wholesale markets Trading Our trading activities cover all underlyings of European power and gas markets. Alpiq s trading activities benefit from a broad long-standing portfolio of counterparties and exchanges Asset Trading The primary focus of Asset Trading is on capturing the value of a portfolio of assets consisting of production, long-term contracts and sales positions. Our Asset Trading teams manage the positions of the power plant portfolio over the short term, using OTC markets and European spot exchanges. Part of the strategy of asset-backed trading is to take additional specific positions. They also manage the ancillary services provided to Swissgrid and other European grid operators. A 24-hour presence 7 days a week on the intraday markets is ensured by a dedicated team, allowing the offering of balance group management and market access services as well as additional services dedicated to direct marketeers. Active on all major European energy exchanges (Asset and Proprietary Trading) 1. Nasdaq 2. APX Group 3. EEX 4. Belpex 5. Powernext 6. EXAA 7. OMEL 8. GME 9. APXUK 10. Nordpool spot 11. hupx 12. opcom 13. PMUM 14. Power Exchange Central Europe 15. Polish Power Exchange Prop Trading Our Proprietary Trading team generates profits in the European wholesale markets. It gathers intelligence and gains in-depth understanding of all relevant markets for Alpiq by entering and trading in them. That understanding and knowledge provide the source material for a fundamental, technical analysis, which in turn is the basis for the decision-making processes of our traders. All divisions of Alpiq benefit from access to this knowledge. 8

9 Asset Optimisation Our Asset Optimisation team is in charge of the optimal dispatch of flexible power plants and contracts. They are responsible for the final decisions made on the use of Alpiq s power assets. They also provide this service for external clients. Our Asset Optimisation team interacts closely with Trading and Asset Management. Interface with Trading: Marginal price computing Opportunity cost computing for ancillary services Daily position updates for correct hedging Interface with Asset Management: Modelling of plant constraints and capabilities Optimal maintenance planning and management of unplanned unavailability Valuation of investment projects 9

10 Power assets and trading expertise. In key markets, trading and sales are backed by Alpiq s generating capacity. This provides a natural hedge against volatility. Furthermore, professional fuel management ensures efficient provisioning of Alpiq s power plants. 10 Alpiq Csepel power station, Hungary

11 Alpiq trading floor, Olten, Switzerland 11

12 We trade energy and structured products, manage our asset positions and offer our expertise to our customers Origination Our Origination team structures innovative products for the benefit of wholesale actors in the energy markets. Customised forward thinking The Origination team within Alpiq generates revenues through high-level structuring capabilities. The Origination desk tracks opportunities and seizes the right moment to negotiate and conclude standard and structured energy deals with utilities and trading floors across Western Europe. Its products are designed according to the specific requirements of commercial counterparties, with a clear focus on the optimisation of complex asset portfolios. Our Origination team applies its expertise to: Negotiating and concluding standard and structured energy deals, closing deals in wholesale markets relevant to our trading activities Developing complex energy structures Providing access to non-liquid products Offering additional energy management and trading services 12

13 Environmental Markets Our Environmental Markets team works actively with our customers on the supply as well as the demand side to offer an access to all major markets for green certificates and on demand products. Our core business Our Environmental Markets team supplies physical energy as well as green certificates to our industrial customers and regional resellers. We offer environmentally compliant quality labels for electricity derived from various renewable sources. Thanks to our certified power plants and reliable certi - fi cation systems, our customers have a solid proof of the origin of the renewable energies they purchase and of their environmental added value. On request, our customers can obtain specific production profiles, which are fed into the grid on the basis of clearly defined criteria. Our products Guarantees of Origin (GoO/HKN/Disclosure GoO) TUV certificates Naturemade basic and star certificates Other types of certificate available on request 13

14 Competitive Energy Supply for Industrial and Commercial Customers We serve energy customers with energy supplies and help you to reduce your total cost of ownership of energy and improve your ecological footprint with innovative solutions leveraging new technologies and regulatory developments. Powerful services for you The European energy landscape is undergoing dramatic changes. You as a major consumer are directly affected by this. We provide solutions for you to the following questions: What is the future trend for energy procurement and energy sales? Will there be a shortage of electrical energy? How will electricity prices develop? How can you ensure you are well positioned? Are there any additional possibilities to improve energy efficiency or measures like demand response management which help to reduce the energy cost at your facilities? Alpiq individually manages and optimises your energy portfolio. With this in mind we offer you a range of services and flexible solutions, thanks to which you can get to know your company, the market and your customers better. 14

15 15

16 Alpiq AG Bahnhofquai Olten T Alpiq, 11/