Tynagh Energy’s Front Office, which is based in Dublin, is responsible for procuring commodities to cover gas and emissions exposure. Tynagh Energy’s trading is governed by an Energy Risk Management Committee (ERMC) who has developed comprehensive Risk Management Policies and Procedures.
Tynagh Energy’s CADA and GSTA agreements expired in March 2016 and the Operations team now manage commodity and emissions requirements along with shipping arrangements for a fully merchant CCGT power plant.
With the implementation of I-SEM on the horizon, the Front Office will be facing new challenges preparing for the inception of the new electricity market in 2018.
With respect to emissions, Tynagh Energy operates under the EU Emissions Trading Scheme (EUETS), and has an approved list of counterparties with whom it can transact with.