Paul Stefiszyn

Paul Stefiszyn

Mobile:
+31 6 1130 9750

Email:
paul.stefiszyn@esp-consulting.nl


Paul Stefiszyn, a Director of ESP Consulting Benelux, is a leading energy risk practitioner with extensive industry experience. Paul brings particular expertise in quantitative analysis and methodologies (valuation, price modelling, risk/exposure measurement), transaction and investment appraisal as well as fundamental market analysis and modelling. Prior to becoming an independent advisor in 2011, Paul held senior risk management positions with Nuon which he joined in 2005 from a position as Vice President with Financial Engineering Associates (FEA). He combines in-depth expertise in risk management methodologies and concepts with “hands-on” experience of controlling and managing complex energy portfolios from the operational to the strategic timeframe.



Sector expertise

Transaction Review

Paul has advised on a wide range of transactions from originated structured commodity deals to capital projects, equity participations, and divestments. His core areas of competence include green and grey power generation (including power tolling and power purchase agreements) as well as upstream gas development, gas transportation, LNG, and natural gas storage. In order to recommend risk mitigations and evaluate the overall balance of risk and reward, Paul considers all aspects of a transaction including valuation approach, market price risk, portfolio impact, potential market development, counterparty risks, credit exposures, operational risks, and strategic fit.

Modelling

Paul has extensive modelling experience in several key areas. In addition to risk exposure modelling for commodity portfolios considering both market risk (e.g. value at risk, earnings at risk) and credit risk (e.g. potential future exposure, expected credit loss), Paul’s modelling skills include asset valuation (considering dispatch and flexibility), as well as market modelling from both a stochastic and fundamental basis. Paul takes a pragmatic approach to model building, implementing easily calibrated prototypes which quickly capture the essential features of the system being modelled.

Risk Management Implementation

His experience of Risk Management implementation includes policy development, specification of risk reporting, design of the Risk Management organisation and capacity building, requirements gathering for system implementations, and business process design and optimisation for energy trading across front, middle, and back office.