Evaluating the Operational and Market Risks for Complex Energy Portfolios and New Energy Investments Optimisation

"Evaluating the Operational and Market Risks for Complex Energy Portfolios and New Energy Investments Optimisation in Europe employing the Power of Hybrid Integrated Modelling" 

By Dr Christos Papadopoulos, Regional Director Europe

Today, it is widely accepted that the Global Community is facing significant challenges in the energy sector that stem from the combination of serious related environmental challenges and the emergence of a big variety of new cleaner (Renewables) and more efficient energy technologies during the last decade. The emergence of these new energy technologies though, is also accompanied by significant uncertainties on how they should be best integrated into existing energy systems, but also on how they should be best handled within the context of liberalised Energy Markets and Free Competition in the energy sector.

Under such circumstances, evaluating and optimising the operational and market risks of modern complex energy portfolios and of any new energy investments is a very difficult task that calls for enhanced sophistication in the modelling methods and tools needed. A combination of statistical/quantitative and fundamental methods along with a more integrated energy modelling approach can really offer such an enhanced sophistication in energy risk management.