You may agree with it or not and viewpoints may differ from where you are in the world, but arguably there is a move to switching to renewable sources of energy. Tesla’s company valuation just surpassed ExxonMobil. Royal Dutch Shell cut its dividend for the first time since World War. German parliament approved a coal phase-out. With this
An interview about current changes in the energy sector and how the company has positioned itself as a pioneer of next-generation ETRM software. With significant changes in energy markets, what challenges are your customers currently facing? Uday Baral, Pioneer Solutions: The pace of change in the energy market is undoubtedly increasing. In general, our customers
Wind Energy is often marketed through complex “Power Purchase Agreements” or PPAs. And to guarantee electricity has been produced from renewable energy sources, a Guarantee of Origin (GO) certificate is created. Driven by the push for renewable energy, organizations are increasingly looking to reduce their environmental footprint, which is leading to purchasing directly from renewable
We normally talk about trends, challenges and opportunities in the Commodity and Energy Trading and Risk Management (C/ETRM) space, whether it is technical (Cloud, SaaS, automation, robotization, data analysis, etc), business (Agile transformation, digitalization, intraday trading, physical vs financial etc), or external market (deregulation, data protection, regulatory reporting etc). You’d think reasons enough for market
At the recent REC Market Meeting 2019, a global expert conference on renewable energy markets, price development in the Guarantee of Origin (GO) market was a topic of attention. With some product prices increased by 100% and in select cases as high as 2000%, it has woken up both risk managers and legal departments to
Across Europe, consumers choose renewable electricity and do so on a large scale. In both liberalized and monopolized markets consumers are having an increased influence on the production of electricity by specifying the product they wish to use. Guarantee of Origin (GO) certificates are issued to renewable energy producers and the electronic document is used
Market demand for renewable energy continues to grow due to governmental programs, increasing corporate initiatives as well as households voluntarily choosing to purchase ‘green’ energy. Consequently, the volumes of Renewable Energy Certificates (RECs) guaranteeing that the electricity was produced from a renewable energy resource are swelling. Apart from the management challenge of tracking RECs and