Christoph got his Bachelor’s Degree in International Management in 2014 at FOM University of Applied Science in Essen, Germany. In the meantime, he completed his apprenticeship and worked in the Back Office of RWE Supply & Trading being responsible for natural gas contracts. In 2016 he finished his Master’s degree in Energy and Finance at University Duisburg-Essen, Germany, with his thesis on “Pricing and Hedging of Weather-Driven Gas Supplies” in collaboration with the Gas Portfolio Management of RWE Supply & Trading, a major European energy trading house. In 2016 he joined the Retail Energy Management unit of innogy SE, the largest energy company in Germany, as part of its Structuring and Analysis team. Since 2017 he now is responsible for New Business Solutions including the development of pricing and valuation methods for flexibilities in energy markets and direct marketing of electricity from renewables.
This paper introduces a three-factor model that jointly describes both natural gas forward prices and temperature forecast dynamics.