- New rules for financial trading
- Markets in Financial Instruments Directive / Market Abuse Directive
- Price developments in the Nordic Power Market
- Harmonized end-user market in the Nordic countries; achievable or not?
The Nordic Power Market will see
several challenges in the years ahead, both in the wholesale market and in the
end-user markets.
The prices are influenced by several energy-related
commodities and in addition the European Union has introduced directives that
will affect most players, also in the Nordic Power Market.
Overall, the result is a market that seems to be more complex than ever!
On Nordic Energy Days this year
we will focus on three main topics that we hope will explain and pinpoint the
different issues which affect the market participants in the Nordic Power
Market:
- The reasons behind and the effects of the new financial market directives from the European Union
- Price developments in the Nordic Market; reasons behind the historical prices and future outlooks
- Time for a harmonized end-user market across the Nordic countries - achievable or not?
Welcome to the Nordic Energy Days 2005 in August.
Program
Wednesday 17 August
09.30-10.00 Registration and coffee
New rules for financial trading
10.00-10.30 Markets in Financial Instruments Directive – MiFID. Why do the rules change?
Where are we in the process, and what can we expect from the regulator?
Bjørn Øiulfstad, Attorney, Advokatfirmaet Steenstrup Stordrange DA
10.30-11.00 MAD – effects for Norwegian players within the Energy Markets
Knut Godager, Market Conduct, Head of Section, Kredittilsynet
Morning Coffee
11.20-11.40 MiFID / MAD – effects for Swedish players within the Energy Markets
Erik Saers, Market Conduct, Finansinspeksjonen
11.40-12.20 MiFID / MAD – reflections from a Nordic player at Nord Pool
Kjetil Holm, Trader, EGL Nordic
12.20-13.20 Lunch
13.20-13.50 MiFID / MAD – reflections from a pan-Nordic/European player
Jørgen Kildahl, Executive Vice President, Generation and Markets, Statkraft
- Which results can we expect from the new rules?
13.50-14.20 Nord Pool – how to be on track with new rules. Will the rules attract liquidity?
Torger Lien, President and CEO, Nord Pool ASA
14.20-14.40 Power Plant monitoring
in Europe – The way towards transparent power markets?
Dr. Christian Kunze
14.50-15.10 Panel session
Afternoon Coffee
Price developments in the Nordic Power Market
15.20-15.50 Emission scenarios in relation to climatological development
Markku Rummukainen, Research Manager, Rossby Centre, SMHI
15.50-16.20 Emissions; reasons behind the price development
Atle Christiansen,
Director - Research, Point Carbon
16.30-17.00 Nordic power market scenarios
Sigbjørn Seland,
Nena
- Nordic power market in the hands of EU environmental policy and global economy.
18.00-24.00 Fjord Cruise with the ship "Lady Mack"
Thursday 18 August
A Nordic harmonized end-user market
10.00-10.15 Nordic end-user prices. Historically comparisons
Linda Runesson, Editor,
Montel Powernews
10.15-11.00 Harmonized end-user market in the Nordic countries – challenges, outlooks and possibilities.
Transmission; import/export: Bottlenecks and scenarios.
Odd Håkon Hoelsæter, President and CEO, Statnett
Morning coffee
11.20-11.50 How can harmonized end-user market be achieved – seen from a energy company’s perspective
Erkki Kari-Koskinen, Head of Fortum Markets
11.50-12.20 A Nordic harmonized end-user market - Advantages for the
pan-Nordic companies within trading and services?
Espen Fjeld, Senior Business Developer, Bergen Energi AS
12.20-12.50 A Nordic harmonized end-user market - Advantages for private households?
Linette Heiberg, Vice Manager, Energy Area, The Consumer
Council of Norway
- Necessary preconditions?
- Possible advantages?
- Potential drawbacks?
12.50 Lunch and end of conference
14.00-16.00 Workshop by VIZ Risk Management: Cross border and cross
commodity trading, theory and practice
The workshop will focus on cross border trading with special attention to the
new Nord Pool SYGER products.
- What are the underlying exposures of the contract?
- When to use it?
- How to simulate the risk: Analyzing German-Nordic correlation.
Remarks on future market development will be included: Synthetic market spreads,
options on market spreads.
Also cross commodity trading and the integration of electricity and fuel
markets will be presented: Power, elcertificate, emission, gas, coal, oil.
Topics include using the forward curves to evaluate spark spread, dark spread,
and analyzing cross commodity correlations and risk.
Practical examples will be shown in elviz ETRM. Dialog with and between the
participants will be emphasized.
-----------------------------------------------------------------------------------
Price
The price alternatives includes documentation, lunch, coffee and refreshments.
Prices are before VAT.
Alternatives and prices
Conference and Fjordcruise: 6 950 NOK
Payment due within 20 days from received invoice. If you are prevented from
coming, a colleague can take your place. If you have to cancel your
registration, an administration fee of 10% will be charged. If the cancellation
takes place two weeks prior to the conference, you will be charged 50% of the
price.
If the cancellation takes place one week prior to the conference, total
amount will be charged. Cancellations have to be in writing.
Time and place
Time: 17-18 August 2005
Venue: Radisson SAS Scandinavia Hotel, Oslo
Telephone: +47 23 29 30 00
| 
