Project title:
Proposal for a methodology of determining forward curves for trading

Project summary:
The professional Facility team as part of the project defined and described the relevant markets including forward curves parameters (Germany, the Czech Republic, Slovakia, Poland, Hungary, Romania, Bulgaria) created an analysis of available data sources and proposed a methodology for determining individual forward curves, including their current numerical expression. The objective of the implemented project was to propose on the basis of analysis of defined markets and available data methodology for developing forward curves of electricity prices of standardized products. The work on the project was implemented by the ČEZ and Facility project team. As part of the project a number of interviews with ČEZ representatives in given markets and with other relevant staff were conducted. The practice and data availability were examined through an analysis of the relevant documents. 

Benefits for the client:

• proposal for a methodology of price setting
• current calculation of prices in chosen markets
• model in MS Excel serving for regular calculation of future values