The Electricity Supply Board (ESB) is Ireland's premier electricity utility.
ESP Consulting has worked with ESB on several projects. These include topics of energy trading and market entry.
Further information on our projects is available below.
Over a 12 months period, ESP Consulting provided trading and risk management subject matter expertise to the Future Trading Programme in ESB. This programme was tasked with setting up a new integrated trading and commercial optimisation function for all un-regulated wholesale activities within ESB.
Book Structure Design:
As part of this engagement, we advised on the design of an integrated book structure covering ESB’s wholesale trading and asset positions in Ireland, Northern Ireland and GB to be implemented in a new trading and risk management (ETRM) system. This work included:
Other Areas of Support:
Subsequently, we supported the Future Trading Programme in other areas including:
Over an 8 month period we supported ESB Customer Supply (now ESB Electric Ireland) in their preparations for commencing purchasing and hedging of NBP gas to back entry into gas retailing in Ireland.
ESB needed to establish robust capabilities and processes for management of wholesale market exposures and trading risks resulting from the entry into gas retailing. The objective was to create an interim setup which was fit-for-purpose for a limited initial market entry as well as a route map for transition to a more refined environment, consistent with full market entry.
This work included:
This engagement arose as a result of a competitive tendering process conducted by the client, and was undertaken in collaboration with Capgemini.