Volue : Mastering Profits and Risks for Wind Farm Operators

Volue's Energy Trading as a Servicecombines advanced predictive analytics, unparalleled customer service, and deep market expertise to provide customers with a comprehensive energy trading platform that is both responsive and reliable.

A fully manned trading desk, collocated with a control room that manages both a 24/7 monitoring service, and an optimisation desk, allows Volue to help clients at any point during the day.

"The real challenge for many of our customers, is that their operations don't allow for having a full setup with traders in-house. This means having active participation in both regulatory markets, where government policies and regulations are navigated to ensure compliance and stability, and balancing markets, where real-time adjustments are needed to match electricity supply and demand on the grid is demanding", explains Bård Mageli. "We help our customers play a more proactive role in the energy markets by optimising their operations and capitalising on every market opportunity."

Approaching challenges from several angles

Bård Mageli and Pekka Pietilä work on different sides of these challenges, and combining their teams' experience and knowledge allows for stronger upsides for the customers.

By offering energy trading services combined with asset monitoring and optimisation capabilities, which are instrumental in enhancing the efficiency and profitability of wind energy operations, Volue Energy Market Services gives wind farm operators access to "real-time energy portfolio balance," enabling proactive adjustments to trading strategies based on market conditions.

The economic benefits are underscored by the ability to participate in new markets and utilise integrated solutions for load balancing and demand response, significantly optimising revenue streams. Advanced technology, such as machine learning for predictive analytics, empowers operators to anticipate market trends and adjust their operations accordingly. This support system not only streamlines the energy trading process but also amplifies market opportunities, ensuring wind park operators are well-equipped to navigate the complexities of the energy sector.

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Pekka Pietilä, Head of Service Operations at Volue, emphasises the shifting paradigms within energy trading, notably the surge in renewable energy integration and the consequent market volatility. Pietilä notes, "As we witness a significant transformation in the electricity market, with renewables at the forefront, the need for sophisticated trading solutions has never been more critical."

Pietilä highlights, "Our service-based solutions, strictly on behalf of our customers, deliver forecasting, trading, and settlement reporting services using our in-house developed systems."

15% uplift in revenues

The transparent solution offered leaves the customers with no doubt their interests being served.

"We achieve success only by having satisfied customers who want to continue using our services", says Bård Mageli.

Recognising the alignment of Volue's energy market services with industry needs in a highly volatile and competitive market, naturally leads us to concrete examples of its success.