Event Preview: German Energy Day 2022
After the return of our Nordic event in Oslo last month, Montel's travelling band of Energy Day eventers move on to Germany, with Düsseldorf playing host to our next event on September 22nd. Read on to learn more about each of our insightful sessions, presented by leading market commentators in the German energy sector.
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Morning session: Energy crisis - how long will the pain last?
When would German power drop below EUR 100/MWh again?
Tim Steinert, Enervis
09:40 - 10:00
Senior Consultant at Enervis, Tim Steinert will be taking a look at the factors creating current the current market conditions, what needs to change in order for energy prices to fall back to previous levels and asks if such a move is even possible now that the European energy landscape has changed?
How long will Europe’s current coal boom last?
Diana Bacila, Alpiq
10:00 - 10:20
With the spike in gas prices, energy markets have turned back to coal as the reliable solution to provide baseload power. This session presented by Alpiq's Senior Coal Analyst, Diana Bacila will address how long this could last given the remaining coal-fired power capacity and what are the consequences of the Russian coal embargo on EU coal trade. Where should the substitution volumes come from?
The looming winter – market impact of further Russian gas cuts
Wayne Bryan, Refinitiv
10:20 - 10:40
Director of European Gas Research at Refinitiv (and long-time friend of the Montel Weekly Podcast) Wayne Bryan takes over in our third session, looking at how the coming winter could play out in the event of further gas cuts from Russia. How high could prices go, how will this affect other types of power generation and what policy levers do European leaders have to deal with such a crisis?
EU ETS – outlook for carbon prices amid soaring energy prices, policy upsets
Lawson Steele, Carbon Analyst
10:40 - 11:00
Joining us remotely for our final session before morning coffee, freelance Carbon Analyst Lawson Steele will be taking a look at the impacts the energy crisis is currently having on carbon markets. Will the EU ETS deliver the 2030 EU climate goals and what will it take?
LNG – locking in fossil fuel infrastructure or the magic bullet?
Henning Gloystein, Eurasia Group
11:30 - 11:55
After a short break, presentations will resume with Henning Gloystein, Director, Energy, Climate resources for the Eurasia Group, taking a look at the role Liquified Natural Gas can play in easing the energy crisis. As a seemingly obvious way to mitigate reliance on Russian gas imports, will taking the short-term gains lead to long-term inefficiencies?
Panel Session: Perfect storm – Squeeze among Germany's neighbours
Gerald Aue, Compass Lexecon
Tobias Federico, Energy Brainpool (pictured)
Andy Sommer, Axpo
11:55 - 12:30
The morning session draws to a close with our expert panel assessing what is happening to Germany's neighbours in the energy markets. With Nordstream 1 offline and Nordstream 2 shelved for the foreseeable future, what position are those interacting most with the German energy markets likely to find themselves in?
PPAs in Germany – how to speed up growth?
Jan Gibbert, Centrica Energy Trading
13:55 - 14:20
The afternoon begins with a look at the energy crisis through a different lense, focusing more on the role of renewables in bringing down the cost of power. With Power Purchase Agreements forming a key part of enabling new growth of renewable projects, Power Originator at Centrica Energy Trading, Jan Gibbert asks how we can reduce reliance on fossil fuels and speed up the energy transition?
Germany’s renewables and H2 expansion – realistic or dreamland?
Thekla von Bülow, Aurora Energy Research
15:15 - 15:45
Thekla von Bülow, Co-Head Commissioned Projects Central Europe, will take a closer look at Germany’s ambitious renewables and hydrogen targets. How realistic are these goals, how large is their impact on the economics of renewables and hydrogen, and what impact will the currently discussed crisis market interventions have?
Price caps, subsidies – is re-regulation a real threat?
Ana Stanič, E&A Law Limited
15:45 - 16:15
German Energy Day 2022 closes with Ana Stanič, Principal at E&A Law Limited considering what the current state of play means for the policy makers in charge of energy markets. With consumers across Europe facing unaffordable price hikes and power producers making never-before-seen levels of profits, is re-regulation of energy markets a credible option?