In association with OpenLink, Energy Risk convened a webinar designed for energy professionals at trading and supply organisations looking to understand the impact of portfolio flexibility and the available decision support solutions. Featuring insights from Wolfgang Ferse, Executive Vice President, Commodities & Energy Solutions, OpenLink, and Patrick Reames, Managing Director Americas, CommodityPoint, Integrated Energy Scenario Management for Optimal Decision Support explores opportunities to improve profitability with a similar risk profile through better decision-making.
One of the most important challenges in the energy business is the optimal management of complex energy portfolios – making decisions under uncertainty. Current challenges energy professionals face include:
In a complex portfolio with flexible cross-commodity positions, transmission capacities, storage and generation assets, and trading alternatives, the decision-maker must take into account all interrelations between the portfolio assets as well as the coherence of the supply-demand solution.
A lot of these decisions have to be made in a situation where many input factors are still uncertain. For an optimal decision-making process, it is important to have all related information available and to be able to analyse the necessary variety of scenarios and their business impacts on profit and risk.
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