Coping with extreme market volatility

The power and gas markets are under extreme and unprecedented pressure, rising energy prices, uncertainty about pipeline supply, increased demand in Asia and closure of nuclear and coal fired power plants across Europe.

The 2021 peak shifted the scenario significantly in Europe, imposing new challenges to trading executives and trading companies.

ETCSEE 2022, that took place in Budapest on 15 - 16 June, provided you with a deep dive into the developments of markets in Central & South Eastern Europe, discussing what strategies have been put in place, what are the lessons learned and what the future looks like.

What you discovered in Budapest: 

• Did the markets prove that they are appropriately set to withstand extreme conditions?

• What kind of analyses and conclusions have been made?

• What regional developments should we keep an eye on?

• What are the main price drivers for both power and gas for the short and long term?

• What are the trends and changes in the regional CPPA market?

For the Gas market, discussions evolved around storage capacity and the security of supply. We covered the entire SEE and CEE region. Some of the highlights were the discussions about security of supply, the Romanian market and the SEEGAS platform.

In the Power market focused sessions we discussed development of flexibility, updates in the power market design, a dedicated western Balkan trading panel and above all, scenarios for future power price development. We also allocated special attention to the future for carbon markets and the EU ETS and to the regional market for corporate sourcing of renewable energy through PPA’s. Sessions included:

Plenary:

• Volatile energy markets, lessons learned

• Energy price drivers

• The future for carbon markets and EU ETS

Gas Track:

• European gas price volatility, insights for Central Eastern Europe

• Market update for the South Eastern European gas market

• Security of Supply for Natural Gas Markets

Power Track:

• Corporate Sourcing of Renewable Energy in CSEE

• Regional Power market insights from South Eastern Europe

• How are flexibility and market integration developing in CEE power market?