EDF Trading Ltd. - Weather Risk Management Association

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EDF Trading Ltd. - Weather Risk Management Association Powered By Docstoc
					EDF TRADING
A leader in the international wholesale energy markets
OVERVIEW




•   Active in wholesale energy markets              •   Financials: Shareholders equity of over
    since 1999                                          €1.9 billion (2009), A3 credit rating
                                                        (Moody’s)
•   Multi-commodity: Biomass, Carbon,
    Coal, Electricity, Freight, Natural Gas, Oil,   •   Parent company: 100% owned by EDF
    Weather                                             Group, one of Europe’s largest energy
                                                        companies
•   Business model: Network of assets are
    the foundation of our business. The
                                                    •   Locations: London, Crewe, Paris, Oslo,
    interface to the wholesale markets for
    EDF                                                 Nagoya, Singapore, Beijing, Berlin,
                                                        Amsterdam, Rotterdam, Switzerland,
                                                        Houston, Atlanta, Chicago, Denver,
•   Employees: Over 800
                                                        Pittsburgh, Calgary, Baltimore and
                                                        Portland
•   Scale: Over 780,000 transactions
    executed in 2009 with over 600
    counterparts

                                                                                       EDF TRADING   ‹#›
KEY ASSET POSITIONS



Coal and Freight
Coal and Freight                 Gas
                                 Gas                            Electricity
                                                                Electricity                  Environmental Products
                                                                                             Carbon
• Exclusive coal supply to:      • Responsibility for EDF’s     • Responsibility for         • Responsibility for EDF
      – EDF’s power plants         gas portfolio in UK and        purchasing wholesale         Group carbon fund
      – EDF Energy import          France                         power from, and selling
        coal requirements                                         to, the EDF system         • Execution of all EDF and
                                 • Hole House physical gas                                     EDF Energy’s CO2
• Third party coal supply          storage facility             • Responsibility for EDF’s     requirements
  agreements                                                      long term electricity
                                 • UK/Belgium                     export contracts           • Portfolio of over 100
• Joint venture with Chubu         Interconnector capacity                                     CDM projects in 15
  Electric to supply coal          rights                       • Transmission capacity        countries
                                                                  across Europe
• Long-term off-take contracts   • LNG supply agreements                                     • Responsibility for
  with major coal producers        with RasGas and access       • Responsibility for EDF       supplying carbon credits
                                   to regasification capacity     and EDF Energy’s             to large industrials in
• Control fleet of capesize                                       hydro and coal               Europe
  and panamax dry bulk           • Responsibility for EDF         generation
  carriers                         Group’s LNG position
                                                                • 12,000 MW of managed
• Ownership of coal terminals    • US and Canadian                generation in the US
  in Amsterdam                     pipeline and storage
                                   assets                       • Management of CENG
• French and ARA inland                                           off-take agreements
  barging and rail logistics
                                                                                                            EDF TRADING   ‹#›
GLOBAL TRADING ACTIVITIES




                                                                                                                NORWAY
                                                                                                                Established a dedicated Nordic team and opened
                                                                                                                an Oslo office in 2008.

                                                                                                                        NETHERLANDS
                                                                                                                        Acquired three coal terminals in the Port of
                                                                                                                        Amsterdam.
                                                                                                                                                   POLAND
                                                                                                                                                   Secured a trading licence. Supporting
 GLOBAL                                                                                                                                            the local EDF Group company with
 Sourced biomass products in Asia,                                                                                                                 cross-border trading, emissions trading
 Brazil, Denmark, Estonia, Greece,                                                                                                                 and hedging of electricity positions.
 Latvia, Lithuania, Portugal, Spain,
 Sweden, Tunisia, the UK and the
 USA.
                                                                                                                                  QATAR
                                                                                                                                  Signed an LNG supply agreement with Qatar’s
                                                                                                                                  RasGas for delivery through the Zeebrugge
                                                                                                                                  terminal in Belgium.

                                                                         UK
                                                                         Expanding gas
                                                                         storage capacity
 GLOBAL                                                                  at Hole House in                                                                         JAPAN
                                                                         Crewe. Acquired       GERMANY
 Contracts signed to purchase                                                                                                                                     Established a joint coal
                                                                         one of the UK’s       Announced
 carbon emission credits in Brazil,                                                                                                                               business with Japan’s
                                                                         largest               gas storage
 China, Korea, Malaysia, Mexico,                                                                                                                                  Chubu Electric Power
                                                                         independent           joint venture
 the Philippines, Thailand and                                                                                                                                    Company. Contracted with
                                                                         suppliers of          with EDF and
 Vietnam.                                                                                                                                                         Mitsubishi Corporation for
                                                                         biomass.              Germany’s                                                          ownership of a new
                                       USA                                                     EnBW.                                                              capesize dry-bulk vessel.
                                                                                                               EASTERN EUROPE                      CHINA
                                       One of the largest providers of
                                       market services to the                                                  Supporting the local EDF
                                                                                                                                                   Agreed with China Guodian
                                       wholesale gas and power                                                 Group companies with cross-
                                                                                                                                                   Long Yuan to buy 8 million
                                       sectors in North America and                                            border trading, emissions
                                                                                                                                                   carbon credits from 18
                                       Canada. Other commodities               BRAZIL                          trading and hedging of
                                                                                                                                                   windfarms.
                                       include coal and renewable                                              electricity positions.
                                                                               Acquired CERs from
                                       fuels.
                                                                               several bagasse
                                                                               cogeneration plants, which
                                                                                                                                                                       AUSTRALIA
                                                                               once implemented are                                                                    Narrabri coal project.
                                                                               projected to have over 70
                                                                               MW in installed capacity.




                                                                                                                                                                                                EDF TRADING   ‹#›
EDF TRADING WEATHER DESK



 •   EDFT started weather trading in UK/Europe in 2006,
     expanded to the US in 2007
                                                                           •No.1 European
 •   Recognized market leader in European weather derivatives trading         Weather
                                                                             Derivatives

 •   Board member of Weather Risk Management Association (WRMA)


 Scope of activities
 •   Help EDF Group assess, quantify and hedge its weather exposure
 •   Use weather derivatives to hedge own exposure arising from energy contracts and
     positions
 •   Provide weather risk management services to customers globally
 •   Ability to trade any measurable underlying weather index
 •   Expansion of global weather derivatives desk

                                                                                  EDF TRADING   ‹#›
CONTACT INFORMATION




  Weather Derivatives Team:     Visit our website: www.edftrading.com

  Jens.Boening@edftrading.com
  Michael.Bate@edftrading.com



  EDF Trading
  Cardinal Place
  80 Victoria Street
  London
  SW1E 5JL
  United Kingdom
  Tel: +44 (0) 20 7061 4000


                                                               EDF TRADING   ‹#›

				
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