Clients

Over a 4 months period, ESP Consulting supported SEAS-NVE’s market division in a review of its trading operation in order to optimize value creation from existing trading activities and deliver recommendations for the strategic development of the future trading activities. This work included:

• Review of existing risk policy and recommendations for future developments;
• Analysis of risk limits in relation to P/L targets;
• Analysis of hedge and trading portfolios;
• Calculation of expected P/L based on existing risk limits and market volatility;
• Analysis of value creation potential in trading portfolios and recommendations on how to optimize and capture value in the Nordic Power Market;
• Review of key trading processes;
• Review of third party sourcing and trading agreements; and
• Analysis of strategic options for the trading department and delivery of a high level plan for the future strategic development of the trading operation in the company.

We also provided the following services in relation to benchmarking:

• Delivery of a price database for selected financial power contracts from NASDAQ/OMX;
• Selection of relevant benchmark for the assessment of trading performance in financial power contracts; and
• Development of a benchmarking tool to evaluate performance in financial trading against predefined benchmarks.