Programme

Speaker details will follow. For programmes and speakers of previous events, please go to previous events details. 

Monday 11 March 2019

  • 14:00 - 16:30 Preconference session 1: An introduction to EACs and global reporting standards

    In this session, we briefly introduce the GHG Protocol Scope 2 Guidance and explain how standards such as ISO and GRI and organizations such as CDP implement the Scope 2 Guidance in their own texts and surveys. The session will give you the essential tool for proving the origin of grid electricity. You will learn about cancellation/redemption procedures, the role of local issuers, the ’same market principle’, vintage, residual mix and other related issues.

  • 14:00 - 16:30 Pre-conference session 2: Legal workshop

    As in previous years we will organise a legal workshop which is intended for energy traders, in-house counsel, corporate environmental compliance experts, corporate energy procurement experts, renewable energy producers interested in corporate PPA support and funders. An introduction to the relevant tracking systems, national legal frameworks, and purchase and trade agreements will be provided to enable participants with limited knowledge of this sector to participate.

  • 14:00 - 16:30 Pre-conference session 3: Introduction to the I-REC Standard

    The International REC Standard (I-REC Standard) is a non-profit organization that delivers an attribute tracking standard for use by national issuers around the world. The I-REC Standard provides a robust, transparent system, ensuring the highest quality and adherence to best practices designed to avoid double counting, double certificate issuance and double attribute claiming. This session will give you an overview of fast developing renewable-energy markets. How the standard works and its implications for national markets will also be reviewed. The workshop is intended for those interested in market development, international renewables sourcing or international REC policy development.

  • 20:00 - 22:00 Get together party sponsored by Statkraft

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    The Get together is sponsored by Statkraft

Tuesday 12 March 2019

  • 10:00 - 11:15 Opening session 1 - Looking ahead

    Electricity markets are changing and around the world electricity regulation is also changing to meet the needs of the accelerating energy transition. Many of these policies are moving in the direction of emissions reduction, more liberalization, greater flexibility and easier market access for end-users. The result is a combination of a stronger policy focus on environmental goals and reduced government oversight of  national electricity markets. These twin trends have the potential to give consumers a greater role in electricity markets than ever before. Many government commitments to combating climate change can only be met with the buy-in of end-users in specific markets. Consumers increasingly have the opportunity to underpin their values and aspirations for the future with their buying power, rather than passively accepting a very limited choice in power markets.

    This session is all about looking forward and seeing how the energy transition is moving ahead. Increasingly, this vision is dominated by consumers taking action. It is our role to acknowledge this action – as it affects stakeholders, governments and citizens – and credit these consumer demands for the role they play in the wider energy transition. In this session we will hear from representatives of leading international organisations, who will present activities that put choice and responsibility for renewable procurement in the hands of end-users. The energy transition is taking place and the role of end-users, both large and small, cannot be ignored. Everyone is taking action, but what is coming next?

  • 11:30 - 12:30 Session 2a - Global market overview

    Consumer markets for electricity certificates have proven their value over the last 15 years. Since the publication of the Greenhouse Gas Protocol Scope 2 Guidance document, there has been rapid growth in the development and standardization of Energy Attribute Certificates (EACs). These certificates are now recognized internationally for their role in monetizing consumer demand for renewables. With standardized systems available in the US, Europe and elsewhere in the world, significant knowledge and experience has been built up and there have been improvements in not only the standards but also in the infrastructure required to ensure a robust market. Stakeholders and end-users, looking to build on these successes, are now intending to go beyond electricity and use certificates to guarantee the origin of gas, hydrogen and even heat. With increased sustainability regulations at the national level as well as stricter voluntary procurement standards at the consumer level, these systems are gaining significant support. In this session we will review the most advanced standards and offer insight into what the future of these markets may bring.

  • 11:30 - 12:30 Session 2b - Europe 2030 and the role of consumers

    In early 2016 the European Commission’s proposal for revising the Renewable Energy Directive (REDII)  promised to put consumers in the driver’s seat. That promise was somewhat watered down as the initial proposal was debated within and between the European Council and the European Parliament before agreement was reached between the three institutions in mid-2018. However, the goal of strengthening consumer choice remains an important part of the EU’s vision for the future of European electricity markets. While few dare to criticize the value of improved consumer choice, some stakeholders did voice concerns that developments associated with Guarantees of Origin and Disclosure would adversely affect the market. After much debate, such a scenario is however unlikely and broader consultations within the European institutions have resulted in a text that is much more widely accepted and strongly supports both the Guarantee of Origin and Disclosure regulations. The implementation of the REDII in 2030 will have considerable impact and this will be discussed in detail during this session.

  • 12:30 - 14:00 Lunch in the Wintergarden

  • 14:00 - 15:00 Session 3a - European national market developments

    Market players working internationally often take for granted the simplicity offered by the European Energy Certificate System (EECS) standardized Guarantees of Origins. The EECS-GO market allows for the simple transfer and consumption of energy attributes across Europe. It facilitates cross-border claims and easy transactions. Despite wide stakeholder support for EECS-GOs and their acceptance by national governments, it is important that all market actors continue to improve and develop this standard. With 28 EU Member States and an additional 4 EFTA/EEA countries required to have a GO by the EU Renewable Energy Directive, there are bound to be some complications. Discussions on the implementation of Article 19 of the RED-II and the development of GO systems are taking place on a daily basis throughout Europe. The result of these conversations will have a major impact on all stakeholders in these markets. In this session we will review unique, impactful developments in selected national markets that may serve as examples for other countries.

  • 14:00 - 15:00 Session 3b - An electric fence - the electricity market post-Brexit

    In just 17 days after this conference the UK is due to leave the European Union and, unless some last-minute extraordinary decisions change the course of negotiations, we will face an unprecedented situation. Access to the European Internal Energy Market (IEM) – particularly for electricity – is not only important for the security and efficiency of the UK energy system but also for a number of EU Member States. Ireland, France and the Netherlands will probably be most affected due to their interconnection with the UK but the impact will not stop there. From liberalization to climate change, nuclear policy and consumer choice, the consequences will clearly be felt. A panel of key experts will review the most relevant effects and discuss with those attending how to minimize the impact within your organization.

  • 15:00 - 15:30 Coffee break

  • 15:30 - 16:30 Session 4a - Latin American market developments

    All over Latin America national governments are developing attribute tracking systems. The wide variety of national development plans in this region gives stakeholders a good insight into the myriad ways these markets can develop around the world. The benefit we see in Latin American developments is a broad recognition that there is no reason to reinvent the wheel, with most Latin American attribute tracking systems recognizing the need for standardization. They are therefore working with standard setting organizations such as the I-REC Standard, to determine what role tracking can play in their regulation. In this session expert stakeholders, accompanied by a Spanish translator, will guide you through the issues and give you an inside perspective on the developments taking place in the Spanish speaking world. 

  • 15:30 - 16:30 Session 4b - Subsidy free developments

    More and more electricity producers are committing to the development of large, unsubsidized renewable energy projects. This phenomenon is partly driven by the rapidly falling costs of wind turbines and solar panels, but it is also a result of increased consumer demand for renewable electricity. This growing demand is shown by the increased use of attribute tracking mechanisms such as the Guarantee of Origin, Renewable Energy Certificate and I-REC. In this session we will take a look at countries where renewables provide only a small  proportion of all electricity used and have to rely on market mechanisms for income as state sponsored subsidies are unavailable. In these locations the energy transition is only just taking off, but demand-driven growth of renewables is a critical element in financing the transition.

  • 16:45 - 17.15 Keynote Session 5 - Green branding

    Too often consumers feel confused by the electricity market as it is currently structured. It can be hard to tell different suppliers apart and the products these suppliers offer also appear to essentially be the same. Providing information to consumers about the power they are using, the identity of the producer, the generating source, as well as details about the location of origin can greatly increase their interest in the power coming out of their plugs. Major forward-looking, consumer-oriented corporations, such as Google and Apple, are leading the way with procurement structures that ensure that they are 100% powered by renewables. Could other consumers, large and small, benefit from making their personal, professional or business ‘brand’ greener through the purchase of renewable energy backed by Guarantees of Origin?

    In this session we will explore the power of Guarantees of Origin for green branding. If use of renewables is properly certified, this can help drive a ‘race to the top’ when it comes to renewable energy consumption.  

  • 17:15 - 18:30 Drinks

  • 19:30 - 22:30 Dinner Party Sponsored by ECOHZ

    The dinner party is sponsored by Ecohz

Wednesday 13 March 2019

  • 09:00 - 10:00 Session 6a - Market Developments: volumes and prices

    This session has become a staple of the REC Market Meeting. Volumes, prices, trades, demand and trends - everything that the traders and originators among us need to prepare for the new year. In these markets we are used to double-digit growth. Every year we see increased demand, more complex product definitions and increased interest from stakeholders and policy makers. This, combined with the price shocks of 2018, is bound to make for an interesting session. The session will cover REC markets in Europe and around the world in order to sketch a complete picture of both developed and developing attribute tracking markets.

  • 09:00 - 10:00 Session 6b - The market for PPAs, not the mechanism

    Too often when there is a session about Power Purchase Agreements (PPAs) we get bogged down in either simplistic discussions about what a PPA is or complex technical discussions that only accounting and finance experts can understand. Finding middle ground so that renewables experts can negotiate deals and determine a relevant strategy is increasingly important, especially as PPAs are becoming global instruments.

    Let’s not kid ourselves: a PPA is nothing more than a long-term agreement to buy electricity and its underlying (green) attributes. The hype around the mechanism, while not unjustified, often misses issues relevant to developing a business strategy and taking the first steps in determining where your company should be heading. This session is intended to do just that. In this session we will not discuss what a PPA is, but rather where it is relevant. We will also review markets where PPAs are potentially an important part of procurement strategies and review locations where they will certainly be part of procurement strategies within the next year.

  • 10:00 - 10:30 Coffee break

  • 10:30 - 11:30 Session 7a - Risk management in a tumultuous market

    Last year we saw extreme price increases in the GO market. In some weeks the prices for some GO products increased by 100% and over the year for some products there was an astounding 2000% increase. These market variables made legal departments in every major company look at the associated risk -- and the counter-party risk -- they had in their Guarantee of Origin deals. Out of these changes, however, came innovation. The result of these changes has led some market players to take on the role of risk mitigation through clearing options, contractual developments and market innovation. In this session we will take a look at these risk management solutions and see what we can expect will be introduced in the market in 2019.

  • 10:30 - 11:30 Session 7b - Leadership in attribute procurement

    Until buying only renewable power becomes the default option for consumers, the market will be led by those who make a clear choice to reduce emissions related to their electricity use. The more consumers, particularly large ones, take active steps to meet their power demand from renewables, the more the deployment of wind, solar, and other sources of RES power can be accelerated. Having chosen renewables, these leading consumers should set ambitious targets with clear timetables, put in place buying strategies that best support the development of additional renewable power capacity, take into account the wider sustainability aspects of their power purchasing, encourage other market actors and policy-makers to strengthen their ambitions in relation to renewable energy and be fully transparent about their power purchasing strategy and results.

    Leadership in attribute procurement can set a positive example for electricity markets as they increasingly move towards renewables. During this session we will hear from markets players and observers who are leading the way in attribute procurement and gain the benefit of their valuable knowledge and experience.

  • 11:30 - 12:00 Coffee break

  • 12:00 - 13:00 Keynote session 8 - The impact of increased consumer choice on the electricity market

    As power markets move away from being dominated by centralized, dispatchable power suppliers, consumers increasingly realize that not all electricity is generated in the same way. This creates a virtuous cycle of consumers wanting more choice to buy, directly or indirectly, power with particular attributes. And this leads to greater diversity in the power being offered for sale. This upward spiral can, and should, increase purchases of variable renewable power, which needs to be accommodated on the grid. This will inevitably lead to a system that is more complicated and harder to manage than in the past. In this keynote session we will get a birds-eye view of the electricity market as a whole and the effect that consumers are having on its design. It will focus on moving beyond just renewable procurement and addressing the electricity market as whole.

  • 13:00 - 14:15 Networking Lunch Wintergarden