Les intervenants > Clémence ALASSEUR

Clémence ALASSEUR est Executive Director chez EDF – FIME Finance for Energy Market Research Center. Son intervention portera sur :

Energy risk management, application to electricity

The liberalization of electricity sector is accompanied by creation of dedicated markets where counterparties can exchange electricity with other market players. This represents new opportunities but also new risks as the price at which the electricity is sold/bought on the market is variable. Indeed, the revenues of electricity producers and providers is therefore indexed on market prices of electricity. Let’s point out that these risks were already existing for thermal assets because prices of gas or coal have long been quoted on international markets. In this context, electricity players have then to measure the financial value of their portfolio and also to assess the level of risks around it in order to forecast their expected revenues. They also can take actions to reduce the financial risk though hedging, i.e. by using financial options or forward markets which gives the opportunity to fix the price of coming production or consumption.

The main objectives are:

• To understand electricity markets organisation and their fundamentals in order to model them efficiently for risk management purpose.
• To identify the main financial risks an electricity player is facing and also the typical methods and indicators to quantify them.
• To describe the financial models proposed for typical productions assets as thermal plants and storage assets.

Page personnelle : https://www.fime-lab.org/clemence-alasseur/