Energy Management is the organisational unit which deals with optimising the generation portfolio of the plants of EPH Group in Italy. The margin is generated through the strategic positioning of the plants on all the market channels: forward, spot and real time.
The organisation of Energy Management is broken down into the following areas:
TRADING & SHORT TERM OPTIMIZATION
It manages trading on all commodities which are typical of coal and gas powered plants, through bilateral negotiations with counterparts or by accessing the OTC and/or central counterpart market platforms.
In addition, the area optimises the generation portfolio over a short-term timeframe, analysing the market scenarios and defining the sale strategies up to the spot, day-ahead and intraday market, organised by the Energy Markets Operator (GME).
MID-TERM OPTIMIZATION & BACK OFFICE
It develops and manages accurate market analysis, also aimed at support activity for the other areas of Energy Management and the technical areas of the company, simulating the market and behaviour of the industrial portfolio over the medium term. It establishes the expected generation margin also for the purposes of drawing up the company business plan.
In addition, among the Back Office activities it manages the settlement of contracts with institutional counterparts such as Terna and GME, metering and clean margin financial reporting.
BIDDING & REAL TIME MANAGEMENT
It deals with defining the strategies on intraday markets and ancillary services, up to the balancing markets. It manages the sending of purchase and sale offers for all market sessions managed by the GME.
In addition, it is responsible for the retail despatching of plants in real time and is therefore the direct interface with plants and Terna.