Ecotricity’s Energy Outlook - Asif Rehmanwala, Wholesale Director at Ecotri...

Ecotricity’s Energy Outlook

Presented by Asif Rehmanwala, Wholesale Director, Ecotricity Limited

Abstract: The energy market has transitioned from one that was not at the forefront of people’s minds to one where every domestic price change from energy supply companies makes headline news. Why is this? Not so long ago the UK energy market was in a place where we experienced low oil, gas and power prices, uncontrolled use of fossil fuels and a nationalized industry. Within a decade, the landscape has changed. Following privatization, we have seen increased oil prices directly impacting UK energy prices. There has been both fragmentation and concentration of generation in the UK, a move to a sustainable low carbon agenda and many government policies. All of these factors have resulted in a more complex and dynamic market that now playsa big part in many people’s lives from environmental issues to impact on disposableincome. The next few years will shape the outlook for the next generation. We are currently in the middle of this, which direction will the market take?

Asif Rehmanwala is an Industry Executive Board Member with 15+ years of experience in the UK energy market with exposure to European and Global Markets. Back in the late 1990’s, Asif worked at Ofgem on Competition issues in both power and gas markets in the UK and was involved in Generators Power station divestment, liberalization and the move from the Pool mechanism to the current Electricity Trading Arrangements. At E.ON (previously Powergen), Asif worked on internal Regulatory Competition issues prior to moving into the Commercial environment where he experienced working with strategic Business Models for power and gas in the UK and Europe. Asif has been an Executive Board Member and Director at Ecotricity for the past 5 years. He is responsible for the integrated profit margin by overseeing the Generation business, Trading and the Commercial elements of the Retail tariff. Regulation / Compliance sits within Asif’s remit and he has participated in a number of energy market Parliamentary evidence sessions and has attended summits with the Secretary of State. He led Ecotricity’s lobbying in the recent market liquidity changes and remains connected to the operation of the vertically integrated energy market in UK and Europe.