Past event

Conference

Energy Transitions

Mapping the road ahead in a changing energy industry

9 Nov 2015 - 09:30 to 10 Nov 2015 - 13:30

Chatham House, London

How will the energy sector adapt to a future that promises to be transformational?

The energy industry is in the midst of a transition. The traditional business models of hydrocarbon producers and energy utilities are under increasing pressure from a combination of factors, including developments in technology, the emergence of new market actors, changing policy and investment conditions, and the implications of climate change. This conference will look across the energy sector and assess how incumbents are responding to the changes and how smooth the transition is going to be.

Themes for discussion include:

  • New actors and business models in the oil, gas and electricity sector
  • The changing policy environment and implications for investment
  • The regulation of domestic energy markets
  • The impact of technological innovation on energy systems
  • The breaking down of traditional energy silos
  • Decision-making challenges and opportunities for the industry

The Chatham House Rule 
To enable as open a debate as possible, this conference will be held under the Chatham House Rule

Twitter 
 
Suggested hashtag: #CHEnergy

 

Pricing

For any questions about which rate applies to you, please call +44 (0) 20 7957 5727

                       FULL RATE
 EXCL. VATINCL. VAT
Major corporate member rates  
All organizations£625£750
Corporate member rates  
Commercial organizations£1,360£1,632
Government departments£795£954
NGOs and academics£525£630
Standard rates  
Commercial organizations£1,495£1,794 
Government departments£895£1,074
NGOs and academics£580£696
 

Monday 9 November

Session One | New Actors, New Technologies, New Business Models
09:30 – 11:30

This opening session will assess the landscape for the energy sector as incumbents adapt to new commercial realities, the emergence of new actors, and advances in energy technologies.

  • In what ways is the energy sector undergoing a transition? What are the main drivers of change in the sector?
  • How are hydrocarbon producers and electricity utilities responding to the emergence of new actors and technologies? To what extent are they adapting their business models?
  • How soon, and to what extent, might new energy sources and technologies create new norms for the energy mix and energy investment decisions?
  • What kinds of companies are likely to perform best in the energy sector of the future?
  • How will the changing role of consumers shape the energy sector?
  • What lessons can be learned from system disruptions and changes in other networked industries?

Chair’s opening remarks
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources, Chatham House

Keynote speaker
Dr David Danielson, Assistant Secretary, Office of Energy Efficiency & Renewable Energy, US Department of Energy (on the record)

Questions and discussion

Speakers
Steven Fries, Chief Economist, Department of Energy & Climate Change
Dermot Nolan, Chief Executive Officer, Office of Gas and Electricity Markets
Jan Panek, Head of Unit – Retail Energy Markets, Coal & Oil, Directorate General for Energy, European Commission
Andy Baynes, Director Business Development & Energy Efficiency, Nest Labs
Dr Ellen Williams, Director, Advanced Research Projects Agency–Energy, US Department of Energy 

Questions and discussion

11:30 – 12:00 Refreshments

Session Two | Managing Hydrocarbon Assets 
12:00 – 13:30

This session will focus on the hydrocarbons industry as the sector assesses the significance of an evolving policy, demand and investment climate and faces long-term decisions on future strategy.

  • In current global energy demand and policy contexts, what does a sound business model for an international oil company look like?
  • How would the effects of stricter global policies on carbon emissions manifest themselves across hydrocarbon company valuations and investment decisions? Is the choice for hydrocarbon assets either a managed decline or a carbon bubble?
  • Given the global capitalization of the hydrocarbons industry, how can fossil-free investment portfolios deliver competitive returns?

Chair
Will Blyth, Director, Oxford Energy Associates and Associate Fellow, Chatham House 

Speakers
Simon Henry, Chief Financial Officer, Royal Dutch Shell
Chen Weidong, Chief Energy Researcher, Energy Economics Research Institute, China National Offshore Oil Corporation
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources, Chatham House
Klaus Mohn, Professor of Petroleum Economics, University of Stavanger
Sarah Butler-Sloss, Founder Director, Ashden 

Questions and discussion

13:30 – 14:45 Lunch

Session Three | The Future of Electricity 
14:45 – 16:45

This session will consider the implications for electricity utilities as policy, economic and technological developments reshape the power sector.

  • How are decarbonization targets likely to affect the power generation fuel mix?  
  • What combination of measures on the supply side and the demand side will be needed to ensure reliable power supply? How will electricity storage and market-balancing technologies and regulations develop?
  • How will decentralised electricity production affect incumbent generators?
  • How can policymakers support the growth of a competitive power sector while making progress on decarbonization to ensure a smooth and cost-effective energy transition? 
  • Why have only limited energy efficiency gains been achieved, despite the capacity of efficiency measures to deliver decarbonization, financial and energy security gains?

Chair
Antony Froggatt, Senior Research Fellow, Energy, Environment and Resources, Chatham House

Speakers
Graham Weale, Chief Economist, RWE AG
Dr Yang Fuqiang, Senior Advisor on Energy Environment and Climate Change, Natural Resources Defense Council, China
Sudeep Maitra, Director of Group Strategy & British Gas Strategy, Centrica
Juliet Davenport, CEO, Good Energy 
Julian Critchlow, Partner, Head of Utilities & Alternative Energy Practice, Bain & Company

Questions and discussion

16:45 Close of day one and reception hosted by Chatham House


Tuesday 10 November

Session Four | Finance and Investment
11:00 – 12:15

This session will focus on macro-prudential risks for energy investors and the development of innovative forms of finance for energy projects.

  • How can governments and regulators encourage private sector investment in clean energy?
  • In a world of low interest rates and high need for investment in energy infrastructure, what policy measures and funding models are needed to promote project development?
  • What is the risk that a lack of investment will create an energy supply gap as economies shift from hydrocarbon to renewables-based energy systems?
  • How can non-traditional forms of finance support the development of decentralized local energy markets?

Chair
Jean-Arnold Vinois, Adviser, European Energy Policy, Notre Europe – Jacques Delors Institute 

Keynote speaker
Richard Kauffman, Chairman of Energy and Finance for New York 

Questions and discussion

Speakers
David Kerins, Energy Economist, European Investment Bank
Simon Zadek, Co-Director, UNEP Inquiry into the Design of a Sustainable Financial System
Dr Wolfgang Bischoff, Head of EMEA Project and Structured Finance, Siemens Financial Services

Questions and discussion

Session Five | Panel Discussion: How Will Fuel Demand and Use Evolve?
12:15 – 13:30

  • How are traditional energy silos breaking down and what are the main drivers of this?
  • How will the increasing popularity of electric vehicles affect energy markets?
  • Will progress towards zero carbon buildings significantly impact future fuel demand?
  • What effect will the encroachment of electricity into functions such as heating and transport have on oil and gas businesses? 
  • What do advances in battery technology mean for energy infrastructure and fuel demand and distribution models?

Moderator
Professor Gordon Clark, Director of the Smith School of Enterprise and the Environment, University of Oxford 

Panellists
Jo Coleman, Director of Strategy Development, Energy Technologies Institute
Jean-François Gruson, Expert Director, Economics and Information Watch and Management Division, IFP Energies Nouvelles
Nick Eyre, Jackson Senior Research Fellow, Environmental Change Institute, University of Oxford
Gareth Davies, Director, Pöyry Management Consulting

Questions and discussion

13:30 End of conference


© The Royal Institute of International Affairs 2015

Keynote Speakers

Speakers

Andy Baynes to speak at Chatham House Energy Transitions 2015 conference

Andy Baynes

Director Business Development and Energy Efficiency, Nest Labs

Wolfgang Bischoff to speak at Chatham House Energy Transitions 2015 conference

Wolfgang Bischoff

Head of EMEA Project and Structured Finance, Siemens

William Blyth

Director, Oxford Energy Associates and Associate Fellow, Chatham House

Sarah Butler-Sloss to speak at Chatham House Energy Transitions 2015 conference

Sarah Butler-Sloss

Founder Director, Ashden

Francisco Carranza to speak at Chatham House Energy Transitions 2015 conference

Francisco Carranza

Head New Business Development, Nissan Europe

Gordon Clark to speak at Chatham House Energy Transitions 2015 conference

Professor Gordon Clark

Director of the Smith School of Enterprise and the Environment, Oxford University

Jo Coleman to speak at Chatham House Energy Transitions 2015 conference

Jo Coleman

Strategy Director, Energy Technology Institute

Julian Critchlow to speak at Chatham House Energy Transitions 2015 conference

Julian Critchlow

Partner, Head of Utilities & Alternative Energy Practice, Bain & Company

Juliet Davenport to speak at Chatham House Energy Transitions 2015 conference

Juliet Davenport

CEO, Good Energy

Gareth Davies

Director, Pöyry Management Consulting

Nick Eyre to speak at Chatham House Energy Transitions 2015 conference

Nick Eyre

Jackson Senior Research Fellow, Environmental Change Institute, University of Oxford

Steven Fries to speak at Chatham House Energy Transitions 2015 conference

Steven Fries

Chief Economist, Department of Energy & Climate Change

Antony Froggatt

Senior Research Fellow, Energy, Environment and Resource Governance, Chatham House

Dr Yang Fuqiang to speak at Chatham House Energy Transitions 2015 conference

Dr Yang Fuqiang

Senior Advisor, Energy, Environment and Climate Change, Natural Resources Defense Council, China

Jean-Francois Gruson to speak at Chatham House Energy Transitions 2015 conference

Jean-François Gruson

Expert Director, Economics and Information Watch and Management Division, IFPEN

Simon Henry to speak at Chatham House Energy Transitions 2015 conference

Simon Henry

Chief Financial Officer, Royal Dutch Shell

David Kerins to speak at Chatham House Energy Transitions 2015 conference

David Kerins

Energy Economist, European Investment Bank

Sudeep Maitra to speak at Chatham House Energy Transitions 2015 conference

Sudeep Maitra

Director of Group Strategy, Centrica

Klaus Mohn to speak at Chatham House Energy Transitions 2015 conference

Klaus Mohn

Professor of Petroleum Economics, University of Stavanger

Dermot Nolan to speak at Chatham House Energy Transitions 2015 conference

Dermot Nolan

Chief Executive Officer, Office of Gas and Electricity Markets

Jan Panek to speak at Chatham House Energy Transitions 2015 conference

Jan Panek

Head of Unit – Retail Energy Markets, Coal & Oil, Directorate General for Energy, European Commission

Professor Paul Stevens

Professor Paul Stevens

Distinguished Fellow, Energy, Environment and Resources, Chatham House

Jean-Arnold Vinois to speak at Chatham House Energy Transitions 2015 conference

Jean-Arnold Vinois

Adviser, European Energy Policy, Notre Europe – Jacques Delors Institute

Graham Weale

Chief Economist, RWE AG

Chen Weidong to speak at Chatham House Energy Transitions conference

Chen Weidong

Chief Energy Researcher, Energy Economics Research Institute, China National Offshore Oil Corporation

Dr Ellen Williams to speak at Chatham House Energy Transitions 2015 conference

Dr Ellen Williams

Director, Advanced Research Projects Agency–Energy, US Department of Energy

Simon Zadek to speak at Chatham House Energy Transitions 2015 conference

Simon Zadek

Co-Director, UNEP Inquiry Into The Design Of A Sustainable Financial System

Sponsorsed by

CLP sponsor of Chatham House Energy Transitions 2015 conference

Siemens sponsor of Chatham House Energy Transitions 2015 conference

 

If you are interested in becoming a sponsor for this event, please contact Ben Cumming on
+44 (0) 20 7957 5729 or email bcumming@chathamhouse.org

Media partners

ADE media partner of Chatham House Energy Transitions 2015 conference

COGEN media partner of Chatham House Energy Transitions 2015 conference

EREF media partner of Chatham House Energy Transitions 2015 conference

IFIEC media partner of Chatham House Energy Transitions 2015 conference

UKSIF media partner of Chatham House Energy Transitions 2015 conference

If you are interested in becoming a media partner for this event, please contact Ruth Clark on
+44 (0)20 7957 5753 or email rclark@chathamhouse.org.

Venue

Chatham House
10 St James's Square
London
SW1Y 4LE
UK
conferences@chathamhouse.org

Telephone: +44 (0)20 7314 2785
Fax: +44 (0)20 7957 5710

If you wish to book the venue for your own event please phone +44 (0)20 7314 2764

Directions
The nearest tube station is Piccadilly Circus which is on the Piccadilly and the Bakerloo Underground lines. From Piccadilly follow Regent Street southwards towards Pall Mall and take the first road on the right called Jermyn Street. Duke of York Street is the second road on the left and leads to St James's Square. Chatham House is immediately on your right.

Map

Accommodation
Although we cannot book accommodation for delegates, we have arranged a reduced rate at some nearby hotels, where you can book your own accommodation. Please inform the hotel that you will be attending a conference at Chatham House (The Royal Institute of International Affairs) to qualify for the Institute's reduced rate.

Please note all rates are subject to availability.

Flemings Mayfair
Half Moon Street
Mayfair
London - W1J 7BH

Tel: + 44 (0)20 7499 2964
Fax: + 44 (0)20 7499 1817

Standard Single from £199 + VAT

The Cavendish London
81 Jermyn Street
London - SW1Y 6JF

Tel: + 44 (0)20 7930 2111
Fax: + 44 (0)20 7839 2125

Standard Single £205 + VAT

Book The Cavendish online

The Stafford London 
St James's Place
London - SW1A 1NJ

Tel: 020 7518 1125
Fax: 020 7493 7121

Standard Single £230 +VAT

This conference will be held under the Chatham House Rule. Information for journalists.

Press can request a press pass.