UK Power Generation Market
Monday, 17 March 2014
5.30pm to 9pm
Hosted by
15 Fetter Lane, London, EC4A 1JP
With risks of blackouts looming from 2015, shale gas potential being touted as the UK energy market saviour, Electricity Market Reform, renewable energy technologies achieving 11% of the total market and seemingly litle progress being made on carbon capture and storage and nuclear, it is timely to take a look at the current state of the UK Energy Market.
Ambitious targets have been set to achieve a decarbonised power generation system with major contributions from renewable energy, nuclear and carbon capture and storage. Where are we on that decarbonising journey, how close to cost parity are the various renewable energy technologies when compared with the legacy fossil-fueled infrastructure and how much more regulation and subsidy will be needed?
This event will take a close look at the current energy market, the constituent technologies and fuel sources, the regulatory position and the energy trader’s perspective. We will then take a look forward to where the market is heading in the short to medium term and then surmise how the targets can be achieved and what it will take from our current position.
Agenda for the evening
5.30pm Registration
6.00pm Introduction – Andrew Renton, Bird & Bird
6.05pm Welcome - Clive Hall, Rushlight Events
6.10pm UK Energy Market Commentary – Craig Edgar, Head of Growth and Strategy, Atkins Power. His presentation is HERE
6.30pm The regulatory position and outlook - Charles Hargreaves, Associate Director, Ofgem. His presentation is HERE
6.45pm The energy trader’s perspective - Jonathan Lydiard-Wilson, CEO International Division, EnergyQuote JHA. His presentation is HERE
7.00pm Panel and Q&A, augmented by
Jonas Persson, Director, Lloyds Bank
Edgar Goddard, Director Energy Services, Network Rail
John Rhys, Senior Research Fellow, Oxford Institute for Energy Studies
8.00pm Networking
9.00pm Close
Speakers
Jonathan Lydiard-Wilson
Jonathan is a leading energy strategist and is currently CEO of the International Division of EnergyQuote JHA which is one of Europe’s largest energy and carbon specialists delivering solutions to the B2B market. Recent projects have included working with Sustainable Development Technology Canada (SDTC), the Canadian Government’s cleantech fund, providing consultancy to global Aerospace, Defence and Security (ADS) companies in their transition into energy markets, negotiated the brokerage of a 20 year fixed price deal with the UK Government (£350m) and worked with Bristol City as one of the UK’s nominated Smart Cities. He is also a Director (Trustee) of The Centre for Alternative Technology (CAT).
Craig Edgar
Craig is Head of Growth and Strategy for Atkins Power. His role is to provide a focal point within the Power business to drive the strategic direction of the business to achieve profitable growth – both into new geographies and enhanced service provision. Prior to taking up this role last year, Craig has spent most of his working life delivering new build power generation projects and retains a keen interest and technical involvement in the new build power sector.
Charles Hargreaves
As Ofgem’s the Associate Director of Renewable Electricity, Charles is responsible for the oversight of the government’s existing environmental obligations aimed at promoting electricity generation from renewable sources. Charles has been in his current position since the autumn of 2013. Prior to his current role, he was the Associate Director for Environmental Programmes with the responsibility for managing the energy suppliers’ compliance with the range of environmental schemes including Energy Efficiency commitments. Throughout his time in with Ofgem Charles has worked extensively with Government on the development and monitoring of the environmental programmes. Before joining Ofgem, Charles worked in economic consulting and in academia, predominantly on the forecasting of UK energy demand and the consequent carbon dioxide and sulphur dioxide emissions. These forecasts were produced for a range of clients including government, utilities and NGOs.
Edgar Goddard
Edgar is Director, Energy Services at Network Rail and has recently joined to bring together and lead the energy and electric power community in Network Rail as part of a major programme of work to electrify and deliver power to Britain’s rail network. Previously he held senior roles within National Grid as Head of Information Services for National Grid’s Transmission business and leading National Grid’s UK electricity asset management; developing and delivering all National Grid’s UK transmission system investments totalling some €1.3bn a year and the ongoing maintenance and health of National Grid’s €7bn of existing assets. He has also led National Grid’s Electricity National Control Centre where the Great Britain transmission system is managed and real time energy balancing is undertaken and was Commercial Manager for National Grid’s UK Transmission business during a period of significant electricity market reform.
John Rhys
John Rhys joined the Institute as a Senior Research Fellow in March 2010, after a period as one of its senior research advisors. He obtained his first degree in Mathematics at Oxford University, and went on to obtain an M.Sc. and PhD in economics at the London School of Economics. He is a former Chief Economist of the Electricity Council, and a former Managing Director of NERA UK Economic Consulting. There he was intimately involved in UK energy sector reforms, and also worked extensively on energy sector projects worldwide with the World Bank, other development agencies and national governments.
Jonas Persson
Jonas has more than 12 years experience in the Power industry. He joined Lloyds in Aug 2008, with the mandate to develop the bank’s Utilities and Power business, focusing on the larger vertically integrated companies as well as the independent power producers. The bank has since established trusted relationships with close to 30 leading utility clients in Europe and the US, spanning core product areas such as acquisition and project financing, debt capital markets and financial markets. Since the beginning of 2009, Jonas has lead about 20 different Bond issuances for Utilities and Infrastructure clients, including multi deals for key relationships such as EDF, Iberdrola, Centrica, and SSE. He has also lead the funding of clients’ Project Financing, including off shore wind farms, networks, stand alone power plants, airports, and street lighting projects. Prior to joining Lloyds, Jonas spent 11 years at BNP Paribas where he was heading up the bank’s UK utility business, building out its commodities trading and leading its investment into the now well established WBS structures for the UK regulated networks.
Sustainable Resources Briefing
Shale Gas Fracking Environmental Impact - Should we really be concerned?
Thursday, 17th October 2013
5.30pm to 9pm
Hosted by
1 America Square, Crosswall, London, EC3N 2SG
Shale Gas has gained a lot of news column space recently with government announcements of support, demonstrations focused on environmental concerns and a raft of reports which have been invariably dismissed as biased in some way.
The reality is that there has been shale gas fracking taking place in the US for decades. This has not been without incident in the past, but major lessons have been learnt.
This event is designed to look at the whole question of shale gas reserves in the UK, what can realistically be extracted in accordance with good practice and what the environmental issues really are. We will then look at how these environmental risks can and are effectively being managed in the US and to what extent there are specific issues in the UK.
Of course shale gas is a fossil fuel, but if shale gas can be extracted safely, reliably and in an environmentally sound way, then it can be combined with carbon capture when it is combusted efficiently to produce heat and power, and in that way it can be part of a clean energy strategy for the UK.
Agenda for the evening
5.30pm Registration
6.00pm Introduction – Mark Bartholomew, SGH Martineau. His presentation is here.
6.10pm What is Shale Gas and how has Fracking worked in the US – Prof David Elmes, Warwick Business School. His presentation is here.
6.30pm Environmental Impact Analysis of Fracking – Mark Broomfield, Ricardo - AEA, His presentation is here.
6.45pm How the risks associated with fracking are managed by operating companies and the extra regulations that are needed - Benjamin Koppelman, Senior Policy Advisor, The Royal Society, His presentation is here.
7.00pm Panel and Q&A, augmented by
David Brammer, Head of Planning & Environment, SGH Martineau
Andre Abadie, Managing Director Global Environmental & Social Risk Management, JP Morgan
Matt Georges, Senior Advisor, Environment Agency
7.45pm Networking
9.00pm Close
Speakers
Prof David Elmes
David is Academic Director for the Warwick Global Energy MBA at the Warwick Business School. After graduating in Natural Sciences from Christ’s College, Cambridge, David joined BP, working in the UK then the US. He then joined Gemini Consulting in 1995 and, after various mergers, was Vice President with the UK Energy, Utilities & Chemicals team of CapGemini. In 2004 he joined Schlumberger as Vice President & Director in the team who created the firm’s management consulting arm, Schlumberger Business Consulting. David initially focused on the London-based team then spent a year in Houston as Director for SBC’s North & South America activities before returning to London and focusing on clients in Northern Europe.
Mark Broomfield
Mark is an air quality, odour and health risk specialist with over 20 years’ experience as an environmental consultant and as an industry specialist at ICI. He has contributed to over 250 industrial permitting applications and follow-on support projects and works closely with clients to deliver obligations under the land-use planning and local air quality management frameworks. He is an experienced expert witness on issues including air quality impact assessment; odours; road traffic emissions; environmental and health effects of waste management; and perception of risks to health. He has delivered a programme of research to the European Commission and regulatory authorities in the UK in relation to the use of hydraulic fracturing for shale gas development. This work set the baseline for the European Commission and UK regulators’ understanding of the key issues linked to environmental and health risks, control of methane emissions, and legislative/regulatory issues.
Matt Georges
Matt has over 10 years’ experience in the energy and climate change arena in both the public and private sector. He managed the Environment Agency’s energy and climate change mitigation team before stepping down to focus on a part-time degree and has worked on a wide range of projects including developing the Environment Agency’s approach to the emerging shale gas sector and drafting technical guidance for onshore oil and gas operators.
Andre Abadie, JP Morgan
André is Managing Director and head of Global Environmental and Social Risk Management at J.P.Morgan in London, where he is responsible for the bank’s environmental and social risk policy and guides the environmental and social risk assessment of clients and transactions. Andre’s team has recently undertaken an analysis of the environmental and social performance of more than 100 shale gas clients in the US. He was previously Director at Sustainable Finance Ltd., a subsidiary of PricewaterhouseCoopers UK, which focused on the delivery of environmental and social risk management services to the financial sector. Prior to joining Sustainable Finance, André was head of Sustainable Business Advisory within ABN AMRO Bank’s risk management division in Amsterdam, where he was responsible for developing ABN AMRO’s environmental and social risk policy framework and the application and implementation of the Equator Principles.
Sustainable Resources Briefing
Latest financing methods and issues for renewable energy and clean infrastructure projects
Monday, 1 July 2013
5.30pm to 9pm
Hosted by
25 Moorgate, London, EC2R 6AY
This event is designed to focus on the current challenges for project finance, including the need to attract increasing amounts of private funding, the number of truly investment grade projects, the future for infrastructure bonds and how developers can best structure their projects so as to make the financing process as smooth as possible.
Agenda for the evening
5.30pm Registration
6.00pm Welcome – Andrew Bond, Smith & Williamson
6.05pm Introduction - Clive Hall, Rushlight Events
6.10pm The UK Project Finance Market: State of Play - Peter Knott, Chief Risk Officer, Green Investment Bank
Presentation is HERE
6.30pm Key Issues and Shortcomings of Project Finance for UK Clean Infrastructure - Matthew Tilbrook, Mizuho Corporate Bank
Presentation is HERE
6.50pm Future financing structures – Fabrizio Baicchi, Citibank
7.10pm Discussion Panel and Q&A, augmented by Wayne Hubbard, COO London Waste & Recycling Board; Paul McCartie, Head of Structured Finance Lightsource Renewable Energy
8.00pm Networking, drinks and food
9.00pm Close
Speakers
Peter Knott
Peter has a strong background in financial institutions. He qualified as a chartered accountant with Deloitte & Touche in 1988 before joining Jardine Fleming where he worked in Hong Kong and Tokyo in the securities and fund management businesses. He later moved to New York as the Chief Financial Officer for JPMorgan Chase’s global investment banking coverage and mergers and acquisitions groups. More recently, he worked for Standard Chartered, where he held roles including Group Treasurer, Consumer Banking Group Chief Risk Officer and Group Head of Operational Risk. Peter is responsible for ensuring that the bank establishes and maintains an effective risk management framework, supporting the Board’s strategy and risk appetite.
David Dubin
David is a Managing Director and Head of Citi’s Project & Infrastructure Finance Division. David joined Citi in September of 2006 after having spent 20 years at MBIA, where he managed a variety of business groups in New York, Paris, Madrid, and Sydney. In 2000, David moved to London to run MBIA’s Public and then Structured Finance operations for EMEA. Previously, David worked at Merrill Lynch/White Weld Capital Markets in Debt Capital Markets.
Wayne Hubbard
Wayne is the Chief Operating Officer of the London Waste and Recycling Board, where he oversees the day to day running of the organisation. He has been heavily involved in LWARB since its establishment and has substantial local government and waste industry experience. Prior to LWARB, Wayne worked as Head of Waste Policy at the Greater London Authority and has also held roles at Haringey Borough Council and East Sussex County Council. Wayne has over 15 years experience in the waste industry.
Matthew Tilbrook
Matthew works in power project financing and advisory for Mizuho Corporate Bank. Since joining in 2011, he has worked on financings for offshore and onshore wind, solar PV, carbon capture & storage, conventional power and desalination projects. Previously he worked for Turquoise Associates, a corporate advisory firm focussed on clean technology and energy, where he worked on equity raising and project financing for companies in bioenergy, waste recycling and efficiency technologies, and analysed investments for the Low Carbon Innovation Fund. He has previously worked in other finance roles and as a postdoctoral research fellow in the engineering department at Cambridge University. Matthew has a PhD in Materials Engineering, an honours degree in Physics and is a CFA charterholder.
Paul McCartie
Paul is the Head of Structured Finance at Lightsource Renewable Energy Limited. Prior to Lightsource, he spent 6 years in the power finance team at Investec Bank. He was involved in transactions in the energy, renewable and industrial sectors and had recently worked on a number of project financings in Europe and the United States – including a wind turbine financing for Invenergy Wind, a construction financing for a 50MW geothermal project in California and term financing for a portfolio of hydro projects in Spain. Prior to Investec, he was Assistant Director of project finance at Rolls-Royce Power Ventures, an independent power developer in London.
Sustainable Resources Briefing
The Future Prospects for Onshore Wind
Monday, 12 November 2012
5.30pm to 9pm
Hosted by
1 America Square, Crosswall, London, EC3N 2SG
This launch event of the series will set out where we stand with onshore wind and why it is still a sub-sector with considerable potential, despite the regulatory uncertainty and the ongoing planning challenges. While offshore wind and solar seem to continue to catch the headlines, onshore wind still has a major part to play in a diverse future energy mix.
Rushlight Sustainable Resources Briefings will cover water, waste, oil & gas, minerals & mining and renewable energy.
Agenda for the evening
5.30pm Registration
6.00pm Welcome - Mark Bartholomew, SGH Martineau
6.10pm Regulatory, planning and contractual update - Neil Budd, SGH Martineau
Presentation is HERE
6.30pm PPA market - Simon Proctor, Good Energy
Presentation is HERE
6.50pm Risk management - James Green, JLT Group
Presentation is HERE
7.10pm Discussion Panel and Q&A, augmented by Peter Dickson, BNP Paribas and John Pugh-Smith, 39 Essex Street
7.30pm Networking, drinks and food
9.00pm Close
Speakers
Neil Budd - Senior Associate, SGH Martineau
Neil’s vast experience covers advising on the development, acquisition and financing of conventional and renewable energy projects across Europe. His experience includes advising on a broad range of projects which, in the renewable energy sphere, cover onshore and offshore wind, biomass, waste-to-energy and solar. Having spent the past 12 years practising exclusively in this area, Neil is regarded as an expert in his field with a long list of successful deals to his name.
Peter Dickson - Technical Director, BNP Paribas Clean Energy Partners
Peter Dickson is one of the founders of the BNP Paribas Clean Energy Fund. The Clean Energy Fund is one of the leading renewable energy infrastructure funds in Europe with a mandate to make direct investments into biomass fuelled power generation projects. In December 2011, the Fund purchased the 40MW Sleaford biomass plant in the UK, in a milestone deal that paves the way for further UK biomass development. The Fund is already looking at new projects and continues to actively seek new opportunities in European Biomass.
John Pugh-Smith - Barrister, 39 Essex Street
John was called to the Bar in 1977. Although he has a background in general civil litigation he has, for the last twenty years, practised mainly in the field of town and country planning, with related environmental, local government, parliamentary and property work, for the private and public sectors, and for interest groups. He has been the originating author and editor of several books for practitioners including Sweet & Maxwell’s “Shackleton’s Law of Meetings” (11th edn. 2008) and “Neighbours and the Law” (5th edn. 2009).
James Green- Renewable Energy Practice Leader, JLT Group
James leads JLT’s approach to Renewable Energy insurance and risk management delivery. In this area James’ principal role is to coordinate the approach of the dedicated renewable energy team, across all Renewable Energy sectors JLT focus on. This encompasses all key project phases, on an international basis. James is also heavily involved in product development, aimed at better addressing the ever evolving needs of this rapidly growing industry.
Simon Proctor - Commercial Generation Team Leader, Good Energy
Simon’s career began in wildlife conservation, co-ordinating field work programmes for marine habitat conservation projects in the Mediterranean. He moved into the renewables industry in 2008 and today works for Good Energy, managing their commercial generation propositions for large scale generators. A key area of Simon’s expertise is the Feed-in Tariff and Power Purchase Agreements (PPA), having worked on the design and implementation of FIT services for large and small generators alike. Good Energy supplies over 30,000 electricity customers and supports over 38,500 independent renewable generators, providing a trusted and ethical route to get paid for the energy they produce.