HOFOR is the energy and water utility for Copenhagen.
ESP Consulting worked with HOFOR on topics related to renewables support, and energy trading and risk management.
Further information on these projects is available below.
Over a 7 month period, ESP Consulting supported HOFOR’s Wind and Solar department on optimizing decision processes and related tools.
Portfolio Prioritisation Process
The increasing size of both the onshore and offshore wind development portfolio required further structure to core processes and tools including a methodology for prioritisation of projects. This included the following activities and deliverables:
Development of tools
To assist project decisions and assessments a number of tools were developed and implemented including:
We also supported the client in facilitating training sessions, as well as providing assistance on various management presentations.
Over a 7 months period, ESP Consulting supported HOFOR’s wind department in the development and implementation of new business processes, systems and governance 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:
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: