Energy Markets in TransitionAchievements, Amendments

and the Ability to Adapt

Gemeinschaftshaus der Nordischen Botschaften BerlinOctober 23, 2014

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Moderator: Jørgen Festervoll, ADAPT Consulting

12:00 Registration, Refreshments and Finger Food

12:30 Welcome and Introduction Sven Svedman, Norwegian Ambassador to Germany

12:40 Beyond 25 % Renewable Energy: The Next Phase of the Energy Transition Rainer Baake, State Secretary, Federal Ministry for Economic Affairs and Energy

13:10 Perspectives on German-Norwegian Energy Cooperation Kåre Fostervold, State Secretary, Ministry of Petroleum and Energy

13:40 Interconnecting Germany and Norway: Nordlink in the Context of Energy Security, Climate Change and Market Integration Tor Eigil Hodne, Head of Brussels Office, Statnett SF

14:00 Coffee break

14:30 Value Creation by Interconnecting Norwegian Hydro and European Markets in Transition Øyvind Stakkeland, Director, Agder Energi

14:50 Putting a Price on Security of Supply – Capacity Mechanisms Stefan Göbel, Head of Trading & Origination, Statkraft Markets GmbH

15:10 Long Term Analysis for the German Power Market Olav Johan Botnen, Senior Analyst, Markedskraft ASA

15:30 How Renewables Challenge Traditional Energy Trading Prof. Dr.-Ing. Konstantin Lenz, University of Applied Sciences Erfurt, Country Manager Commodities Germany, NASDAQ OMX

15:50 Coffee break

16:20 Statoil’s Perspectives on the Energiewende Jan Karl Karlsen, Vice President, Head of Berlin Office, Statoil

16:40 Affordable, Reliable, Sustainable – A Renewable Energy System needs New Solutions Creating new Renewable Power from the Sale of Guarantees of Origin Line Riise Jensen, Sales Director Ecohz AS Balancing Supply and Demand with Thermal Energy Storage Dr. Christopher Greiner, Senior Engineer, Nest AS Advanced Energy Technologies for Efficient Demand-Side-Management Jo Morten Sletner, CTO, eSmart Systems Electric Vehicles Disrupting the Norwegian Grid – New Solutions are Underway Knut Eirik Gustavsen, Partner, Norwegian Centres of Expertise Smart Energy Markets

18:00 Reception and Buffet Dinner hosted by Sven Erik Svedman, Norwegian Ambassador to Germany

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Programme

Rainer BaakeState Secretary, Federal Ministry for Economic, Affairs and Energy

Rainer Baake was appointed State Secretary at the Federal Ministry for Economic Affairs and Energy in January 2014. Born in Witten in 1955, he studied economics in Marburg, graduating as “Diplom-Volkswirt”. From 1985 - 1991, he served as First District Councillor for Marburg-Biedenkopf, before being appointed State Secretary at the Ministry for Environment, Energy and Federal Affairs of the state of Hesse. In 1998 he moved on to become State Secretary at the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety. From 2006 - 2012 he was the Federal managing director of the NGO German Environmental Aid, and then worked as Executive

Director of the Think Tank Agora Energiewende before rejoining the government.

Kåre Fostervold State Secretary, Ministry of Petroleum and Energy

Kåre Fostervold assumed office as state secretary in the Ministry of Petroleum and Energy following the Norwegian parliamentary election of 2013. He has spent one term in the Norwegian Parliament as a member of the Standing Committee on Business and Industry, representing the Progress Party and his home county of Telemark. Mr. Fostervold has broad industrial experience holding a variety of positions. That inclu-des positions within the energy and petroleum sector.

Tor Eigil HodneHead of Brussels Office, Statnett SF

Tor Eigil Hodne is currently the Executive Vice President for European Affairs in Statnett. He holds a master degree in political science from the University of Oslo and the University of Århus, Denmark, and has worked extensively with research and internet policies, both in Norway and internationally. From 2000 to 2005 he worked for the European Commission in Luxembourg. From 2005 to 2010, Mr. Hodne was responsible for research, enterprise and innovation at the European Free Trade Association (EFTA) in Brussels. He started up the Statnett Brussels permanent representation in September 2010 and is currently heading this office. He is also a board

member of the Renewables Grid Initiative (RGI), responsible for policy formulation.

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Speakers

Øyvind Stakkeland Director Regulatory Affairs, Agder Energi AS

Øyvind Stakkeland holds a Master of Science degree from the Norwegian University of Technology and Science (NTNU) in Trondheim. Since he graduated in 1988 he has been working in consultancy and in the industry. In 1998 he started in the renewable energy business at the utility company Agder Energi. At Agder Energi Øyvind Stakkeland had different positions within business development, including wind and interconnector projects, and within regulatory work and strategy development.

Olav Johan BotnenSenior Analyst, Markedskraft ASA

Olav J. Botnen is a Senior Analyst at MKonline. He holds a Master of Science degree from the Norwegian University of Technology and Science (NTNU). He has been modelling the Nordic Electricity market since 1987 with SINTEF Energy Research, including the work with development of the EMPS model. In 1995 he joined Markedskraft, and has been instrumental in building up Markedskraft’s analysis business. Latest years he has been working full time with producing mid and long term price forecasts for the Nordic and the German power markets. He has also presented the forecasts on several conferences.

Prof. Dr.-Ing. Konstantin LenzUniversity of Applied Sciences Erfurt, Country Manager Commodities Germany, NASDAQ

Konstantin Lenz is professor for energy economics at the University of Applied Sciences in Erfurt. He is also active as Country Manager Commodities Germany for NASDAQ OMX. He started in the liberalised energy markets at Electrabel. As head of the German analysis of the Norwegian Markedskraft group he built up the German operations and developed models and market analysis. Later on he took over the position of a director of portfolio management and trading at Kom-Solution. Afterwards he worked as independent consultant on different projects in the German power market focusing on long-term analysis, risk management and trading.

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Jan Karl Karlsen Vice President, Head of Berlin Office, Statoil

Statoil has established a new Government Affairs office in Berlin, headed by Vice President Mr. Jan Karl Karlsen. He comes from a position as head of Government Affairs at the Statoil Washington DC office. Prior to his secondment to Washington DC he was responsible for the Statoil Corporate Strategy function. He has also been responsible for Statoil’s global trading and supply in crude oil and wet products and the portfolio of Statoil’s gas sales contracts to Europe.

Stefan-Jörg GöbelPortfolio Manager CWE, Markedskraft Deutschland GmbH

Stefan-Jörg Göbel is the Head of Trading & Origination for STATKRAFT in Continental Europe. Thus he is responsible for all wholesale activity in power and fuels. He is a Managing Director of Statkraft Markets GmbH, the group`s central trading entity for Continental Europe. His responsibility comprises proprietary and customer trading, cross-border arbitrage from the UK to Turkey and from Poland to Spain, trading servi-ces, complex cross-commodity off-take and purchase agreements and market access services for Renewables. He also oversees the German communication and public affairs activities.

Line Riise JensenSales Director Ecohz AS.

Line Riise Jensen joined ECOHZ and the renewable energy sector in 2008. She is respon-sible for sales, focusing on providing sustainable products based on Guarantees of Origin for renewable energy to large enterprises and electricity suppliers across Europe. She has broad international experience through various positions in sales, business development and project management within the telecom sector for more than ten years. She holds a Master of Science Degree in Business Administration from Norway, in addition to university studies abroad.

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Dr. Christopher GreinerSenior Engineer, Nest AS

Christopher Greiner holds a Master of Science in Energy and Environmental Analysis and a Ph.D in Electric Power Engineering from the Norwegian University of Technology in Trondheim, Norway (NTNU). He started his career in the Research & Innovation Department at Det Norske Veritas (DNV-GL). Since 2002, he works as Senior Engineer & Project Manager for Nest As. Christopher Greiner is main author or co-author of nine peer-reviewed scientific articles.

Jo Morten SletnerCTO, eSmart Systems

Jo Morten Sletner has more than eighteen years of experience developing and delivering IT solutions to the energy industry. He participated in IT deliveries to physical and financial trading companies in Europe, North America, Asia and Australia. Experience encompass duties for companies such as Brady Energy, Navita Systems, OMX Technology Energy Systems (now NASDAQ), Hand-El Skandinavia and Prediktor. He started with system design and development of optimization algorithms and risk measures for hydro, thermal and nuclear generation. He participated in many large trading software projects around the world, including customer as Norsk Hydro,

Statkraft, E.ON, EDF Trading, SMUD, Westpac, SEB, Mercuria and IMC Shipping.

Knut Eirik GustavsenPartner, Norwegian Centres of Expertise Smart Energy Markets, COO eSmart Systems

Knut Gustavsen is COO and Co-Founder of eSmart Systems in Norway. He holds a master degree in computer science from University of Bristol, and performed research and development with the OECD Halden Reactor Project at IFE. He was instrumental in both delivering the Power Exchange to California and Korea and as co-founder of a Scandinavian subsidiary in Silicon Valley, California. He has been successful in selling and delivering several large-scale software implementation projects worldwide with OMX and Tieto, and has strong entrepreneurial skills in both business development and organizational growth. Lately he has been founder and co-founder of two Smart Grid businesses in Norway.

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Jørgen FestervollPartner ADAPT Consulting AS

Jørgen Festervoll is a partner at ADAPT, a consulting firm specializing in energy and climate related issues. As a trusted advisor for a range of Norwegian and international clients, he has provided advise on issues ranging from strategy and business develop-ment to M&A, due diligence processes and PPA negotiations as well as regulatory issu-es and market design. He has been lead consultant on several CCGT projects including CCS studies. He is also an expert on energy efficiency, smart grid, DM and distributed production. Mr. Festervoll is frequently used as a speaker and moderator.

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ADAPT Consulting AS Festervoll, JørgenAdvokatfirma DLA Piper Norway DA Lenborg, AndersAdvokatfirmaet DLA Piper DA Morck, ChristophAgder Energi Stakkeland, Øyvind Agora Energiewende Ropenus, Stephanie Argus Media Jardine, ChloeArntzen de Besche Aarnes Nilsen, Eivind BC CARE/Freie Universität Berlin PD Dr. Metz, LutzBDEW German Association of Energy and Water Industries Kuhlmann, AndreasBDI - Federation of German Industries Feldhusen, Anne Becker Büttner Held Dr. Däuper, OlafBerliner Informationsdienst Hunger, MoritzBischoff & Ditze Energy GmbH Dr. Bischoff, MartinBischoff & Ditze Energy GmbH Mertens, MalteBloomberg New Energy Finance Fröstl, ChristianBotschaft der Tschechischen Republik Dr. Ehler, Tomasbse engineering Leipzig GmbH Schweitzer, ChristianBTU Cottbus Prof. em. Schluchter, WolfBundeskanzleramt Dr. Parlasca, SusanneBundesverband der Deutschen Industrie e.V. (BDI) Rendschmidt, DennisCICERO - Center for International Climate Bang, Guri and Environmental Research Oslo con | energy agentur gmbh Hamm, StefanieConsultant Dr. Tentscher, WolfgangDeutsche Bank AG Dr. Deutsch, KlausDeutscher Bundestag MdB Büro Dirk Becker Schachtschneider, RobertDEWI GmbH Schorer, TillDNV GL Gaulke, VolkerDüsseldorf Institute for Competition Economics (DICE) Prof. Dr. Haucap, JustusE.ON Energie Deutschland Zimmer, WolfgangEbeco s.r.o Bersagel, Henningeclareon Brückmann, RobertECOHZ AS Ravlo, John ECOHZ AS Munch, PrebenECOHZ AS Scholtholt, BirgitEmbassy of the Royal Kingdom of the Netherlands Dijkstra, KoosENERCON GmbH Düning, KatrinEnergie Consulting GmbH Dr. Joseph, JürgenEnergy Policy Consultant Piria, Raffaele enervis energy advisors GmbH Bieschke, BrittaEnvironmental Research Centre, FU Berlin Ohlhorst, Dörte Erste Lesung GmbH Quinke, JonaseSmart Systems Gustavsen, Knut EirikeSmart Systems Sletner, Jo MortenEU Arctic Forum, European Parliament Weber Steffen European Commission Juergens, IngmarEuropean Energy Exchange AG Gersdorf, Robert

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Participants

European Energy Exchange AG Schulz, Timo Evonik Industries AG Dr. Brübach, Jan EW Medien und Kongresse GmbH Berlin, ChristinaEWE Aktiengesellschaft Dr. Janssen, Friedrich-WilhelmEXAA Energy Exchange Austria Gjurkowitsch, RonaldExxonMobil Gas Marketing Deutschland GmbH von Maltzahn, AxelFederal Foreign Office Spaeth, MichaelaFederal Foreign Office Fischer, Ernst PeterFederal Foreign Office Heupel, CarolinFederal Ministry for Economic Affairs and Energy MinR Dr. Mentz, Dieter Federal Ministry for Economic Affairs and Energy Schultz, MichaelFederal Ministry for Economic Affairs and Energy Baake, RainerFederal Ministry for Economic Affairs and Energy Obersteller, AndreasFrankfurter Allgemeine Forum Pantel, André PhilipGas- und Energiegenossenschaft Ost- Schmidt, Renéund Mitteldeutschland eG GASAG Berliner Gaswerke AG Prennig, MatthiasGeophysical Services (IGS) GmbH Olgemann, WalterGerman Federal Ministry for Environment, Stumhofer, TimNature Conservation, Building, and Nuclear Safety German Renewable Energy Federation (BEE) Bolintineanu, CorinaGermany Trade and Invest Staubitz, Heikoglobal gas partners gmbh Muthmann, DanielGO2-Markets GmbH Ahmadi, GazayGO2-Markets GmbH Petereit, PaulGO2-Markets GmbH Rosner, Jennifer GreenStream Network Plc Weber, Michael Grundgrün Energie GmbH Lenz, SandraGrundgrün Energie GmbH O‘Neill, Warren Grundgrün Energie GmbH Wagner, AxelGrundgrün Energie GmbH Holstein, EberhardGWI Bauunternehmung GmbH Athens, Karl-JürgenHELL-GRÜN Energie UG Glawischnig, HelgeHill+Knowlton Strategies GmbH Kleinemeyer, JudithHitachi Power Europe GmbH Mottale, AzarInnovation Norway Hamburg Geyer, GerdaInnovation Norway Hamburg Hopen, OvedieInnovation Norway Hamburg Kerschke, KatjaInnovation Norway Hamburg Skjeltorp, Bjørn PetterInnovation Norway Oslo Kloster-Jensen, HenningInnovation Norway Paris Hennum, Martin Innovationsforum Energiewende Voß, WernerInstitute for Advanced Sustainability Studies (IASS) Potsdam Schäuble, DominikJournalist Yngland, DagKfW IPEX-Bank GmbH Scheer, MarkusKoM-SOLUTION GmbH Schmeink, HermannKraftfylka Løvseth, Toini

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Königlich Norwegische Botschaft Nydal Enger, Audhild Königlich Norwegische Botschaft Røste, Liv Maren LichtBlick SE Peter, KristinaLyse Energi AS Gabrielsen, OleLyse Energi AS Jølbo, OveMarkedskraft ASA Botnen, Olav JohanMarkedskraft ASA Mogstad, TorkilMarkedskraft Deutschland GmbH Kaabour, NadimMeteoGroup Deutschland GmbH Bertram, LutzMinistry of Petroleum and Energy Fostervold, KåreMontel AS Kamprath Buli, NoraMontel AS Nyblin, TomMontel AS Vabø, GustavMontel GmbH Schultheiss, JörgNasdaq Prof. Dr. Lenz, KonstantinNasdaq Auerdahl Pettersson, HilviNEL Hydrogen Simonsen, BjørnN-ERGIE Aktiengesellschaft Mull, StefanNest AS Dr. Greiner, Christopher NHO - Brussel Gulbrandsen, RoaldNiedersächsisches Ministerium für Umwelt, Schwarzenholz, ChristianEnergie und Klimaschutz Noble Clean Fuels Limited Manzoori, FarhudNoble Group Kademi, FeridounNorwegian Honorary Consul, Hamburg Palm, DetlefNorwegian Ministry of Foreign Affairs Hammelbo, Kirsten Norwegian Ministry of Foreign Affairs Norstein, IngridNorwegian Ministry of Petroleum and Energy Ole Svihus, Olenuances public affairs Hoffmann, Isabelnymoen strategieberatung gmbh & co. Kg Dr. Nymoen, HåvardOcean Energy AS Skotte, AsbjørnPNE WIND AG Billhardt, Martin Powel AG Zähringer, StefanPrognos AG Dirks, Helma E.Prognos AG Haefke, LeaREMONDIS AG & Co. KG Schmidt, Markus F.Renewables Grid Initiative Battaglini, AntonellaRWE Innogy GmbH Bischof, RalfRWE Supply & Trading GmbH Dittrich, MatthiasSCHOLTKA & PARTNER Hinsch, SolveigSchumpeter School of Business & Economics Funk, SabrinaSiemens AG Orioli, VitoriaSoldarische Beratung Klusmann, JanisStadtwerke Annaberg-Buchholz Energie AG Tottewitz, Jörg Stadtwerke Düsseldorf AG Dr. Udo Brockmeier Stadtwerke Düsseldorf AG Hartmann, MarcStadtwerke Leipzig GmbH Dathe, Michael

10 Energy Markets in Transition 2014

Stadtwerke Leipzig GmbH Rudert, HolgerStadtwerke Wolfsburg AG Dr. Kästner, FrankStatkraft Markets GmbH Schröder, SaschaStatkraft Markets GmbH Bauermann, KlaasStatkraft Markets GmbH Göbel, StefanStatnett SF Greidung, Carl-JørgenStatnett SF Hodne, Tor EigilStatnett SF Weibye, Thor Ø. Statoil ASA Naeschke, TobiasStatoil ASA Karlsen, Jan KarlStatoil ASA Kloster, TrineStatoil ASA Schülke, ChristianStatoil ASA Dr. Schäfer, ChristophStatoil ASA Skartveit, JonStiftung OFFSHORE-WINDENERGIE Wagner, AndreasSwiss Re Corporate Solutions Kammann, ThomasSwissgrid AG Dr. Kunze, ChristianSWP Stiftung Wissenschaft und Politik Dr. Etzold, TobiasTechnische Werke Ludwigshafen AG Dr. Kleuker, Hans-HeinrichTenneT TSO GmbH Fischer, MathiasTenneT TSO GmbH Vasold, MelanieTenneT TSO GmbH Garmer, Paul-Georg THEMA Consulting Group von Schemde, ArndtTidal Sails AS Børgesen, AreTrailStone GmbH Buchholz, Felix TrailStone GmbH von Heyden, HaraldTransdisciplinary Panel on Energy Change (TPEC) Dr. Helgenberger, SebastianUiO Energy, University of Oslo Grønli, KatinkaUmweltbundesamt Dr. Müschen, KlausUniversity of Oslo, Centre for Technology, Wicken, OlavInnovation and Culture Vattenfall Europe Kundenservice GmbH Wilhelm, GunnarVersorgungsbetriebe Bordesholm GmbH Günther, FrankVNG - Verbundnetz Gas AG Witt, ThomasVNG - Verbundnetz Gas AG Lehmann, MiriamWacker Chemie AG Essers, ChristianWintershall Holding GmbH Möpert, JürgenZDF Judzikowski, Steffen Csanak, Gabor McCosh, Cameron Dr. Schoeber, Willem Stamo, Irina Söderblom, Tryggve

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12 Energy Markets in Transition 2014

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14 Energy Markets in Transition 2014

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Organized byInnovation NorwayCaffamacherreihe 5D-20355 Hamburgwww.innovationnorway.no

Contact:Gerda GeyerHead of Energy & EnvironmentTelephone: (+49) 40 22 94 15 58gerda.geyer@innovationnorway.no

In cooperation and with the kind support of: