The Finnish state-owned energy company Gasum Oy commissioned EXXETA to carry out an extensive consulting project on new regulatory processes to support Gasum Oy in preparing for a liberalized and EU-compliant future gas market model. After three intensive project phases, we successfully completed our draft models and analyses – which we conducted from the perspective of the Finnish gas market as well as from the perspective of our client – and condensed them into recommendations for implementation of the required processes.
The physical supply chain for the natural gas industry is built around a capital-intensive asset base, which includes upstream (gas exploration and production), midstream (gas transportation and storage) and downstream (gas distribution to the final consumers).
In light of increasing national and international competition companies must be able to react innovatively and flexibly to new market requirements in the future. EXXETA GmbH offers a comprehensive range of training and further measures for companies from the energy industry as well as for those interested in the industry. The offer ranges from one-day seminars and workshops to intensive, individual coachings.
The term refers to a strategy, where electricity suppliers decide to reduce their own supply in order to increase the price. In a situation where strategic withholding is a profitable strategy to behave, the resulting price for commodity increases. This in its turn allows to collect higher revenues from operating units compensating the loss from the withheld units. This particular strategy creates prices strongly deviating from the economically optimal price level. Nowadays, strategic withholding is even named in the list of causes that can cause an electricity crisis like in California in 2000 and 2001.
A driving force among our customers is not only the issues of digitization and cloud computing, but also IT security. Above all in the energy sector, specific requirements in terms of IT security are becoming increasingly important. Its origin is justified by the IT Security Act, which entered into force on 25th July 2015.
20 years ago the EU decided to create a free energy market in order to make cross-border trading of electricity and gas easier, more transparent and more efficient. This was a mission that required common rules.
On 1 June 2016, the German Federal Cabinet has adopted an amendment of the Incentive Regulation. The amendment should guarantee a more efficient and secure energy infrastructure. But therefore, the system operators are challenging high requirements for transparency and publishing of data.