Implementation of ETRM setup for Wind Portfolio

Over a 7 months period, ESP Consulting supported HOFOR’s Wind department in the development and implementation of new business processes, systems and governence structure for handling of the power and certificate portfolio exposure

Risk Policy and Governance Structure

As the construction phase of the company’s first wind parks was about to be finalized, a structured approach to risk management and the introduction of a new governance model needed to be developed and implemented. This included the following key areas of activities and deliverables:

Leading internal processes for defining the company’s risk appetite;
Development of risk framework and risk policy for the wind portfolio (decided by the Board);
Implementation of governance structure with clearly defined responsibilities and segregation of duties including organizational structure for Front, Middle and Back Office; and
Compliance monitoring.

Trading and Portfolio Management

ESP assisted the wind department in developing and implementation of a complete setup for trading wind exposures in the power and certificate markets. Key areas of attention included:

Methodology for calculation of long term exposures for the wind portfolio;
Development and implementation of a deal capture system for power and certificates;
Key processes for trading, portfolio management, middle office and back office;
Set up of external counter parties for trading wind exposures; and
Development of the necessary IT infrastructure for handling physical and financial invoices.

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ESP Consulting London

119 Blackborough Road
Reigate
Surrey
RH2 7DH

Tel : +44 (0) 7501 720 878
Email :
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ESP Consulting Benelux

Prinsengracht 846
3rd floor
Amsterdam
1017 JM

Mob : +31 (0) 6 1130 9750
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By Web Design MK