References - Energy industry
Large Norwegian Energy Company, Denmark
Focus Areas: Processes, Organisation, Technology, Compliance, Markets and Energy
Delivery Method: Analysis, Selection
Key words: RFP, ETRM
Primary tasks
First Treasury helped the client going through a RFP process for choosing a new ETRM
solution. The client had successfully grown both in respect to commodities and regions. Based
on this they wanted First Treasury to assist them in choosing the best of breed solution for their
needs.
Large Danish Energy Company, Denmark
Focus Areas: Processes, Organisation, Technology, People, Markets and Energy
Delivery Method: Analysis, Selection, Design, Realisation, Improvement, Leadership
Key words: Portfolio Management, Origination, Risk Governance, Quantative Energy Finance,
Modelling, hedging strategies, long gas contracts, gas storages
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References - Energy industry
Primary tasks
The focus of the project was setting up systems, methods and processes for contract
measurement to ensure a more resilient and faster intrinsic, extrinsic and fair value calculations
of structured gas contracts and storages to be used for portfolio management, hedging
strategies, counterparty negotiations and internal financial transparency.
Large Danish Utility Company, Denmark
Focus Areas: Processes, Organisation, Technology, People, Compliance, Markets and
Energy
Delivery Method: Analysis, Selection, Improvement
Key words: Production Planning & Optimisation, Power Plant, Trading Floor, Exposure
Primary tasks
First Treasury analysed optimisation of a combined heat and power plant with activities of
calculations of capital requirements for a trading floor and exposure for the power plant,
description and analysis of short term production optimization versus long term optimisation
model as well as portfolio optimisation considerations with wind activities.
Large Danish Energy Company, Denmark
Focus Areas: Processes, Organisation, Technology, People, Compliance, Markets and
Energy
2 / 10
References - Energy industry
Delivery Method: Analysis, Selection, Design, Realisation, Improvement, Leadership
Key words: SAP, Endur, Allegro, Risk Governance, New business model, accounting
principles, ROCE, Quantum
Primary tasks
First Treasury helped the client implementing a new business model where the focus for the
business model was a segregation of physical (portfolio management) and financial (exposure
management) optimisation for better transparency as well as a finance and reporting model
supporting this including specific contract measurement. Likewise specific key figures like
ROCE and EBITDA were implemented on a lower organisational level.
Large Danish Energy Company, Denmark and UK
Focus Areas: Processes, Technology, People, Compliance, Markets and Energy
Delivery Method: Analysis, Selection, Design, Realisation, Improvement, Leadership
Key words: HP Quality Center, Endur, Quorum, Tolling, Power Plant
Primary tasks
First Treasury helped the client assume the role as Program Responsible Toller for a power
plant in the Netherlands. This included business analysis incl. requirements gathering
workshops and product breakdown. Selection of a solution. Architectural design and preparation
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References - Energy industry
of requirements and functional specifications. Development and test lead. Implementation and
tests incl. design and planning. Testing was done utilising HP Quality Center. The solution was
based on Quorum Developments Sentinel solution, SAP PI v8, Endur v10, Allegro v7,
Eurorunner, Wonderware and Excel ad-hoc tools.
Large Danish Energy Company
Focus Areas: Processes, Organisation, People, Technology, Compliance, Markets and
Energy
Delivery Method: Analysis, Realisation and Improvement
Key words: Product development
Primary tasks
First Treasury acted as the economy and reporting department's representative in the trading
product development committee for the client. Products included amongst others cross
commodity (eg. spread options), cross-border trading (APX-Endex), gas options and exotic
derivatives (structured gas and LNG). Our role was to ensure that new products could be
supported in reporting and accounting modules of SAP and the back office functions of the
trading systems Endur, Allegro and a wholesale gas contract system.
Large Danish Energy Company, Denmark and UK
Focus Areas: Processes, Technology and Energy
Delivery Method: Analysis, Design, Realisation, Improvement, Leadership
4 / 10
References - Energy industry
Key words: Production Planning, Tolling, Power Plant
Primary tasks
First Treasury helped the client assume the role as none-Program Responsible Toller for a
power plant in the Netherlands. Implementation of production planning tool in Excel for power
plant joint venture in Netherlands. Production planning tool development and test. Implementing
inter toller agreement including resolution of business validation rules. Test management and
coordination with joint venture partner.
Large Danish Energy Company
Focus Areas: Processes, Technology and Energy
Delivery Method: Analysis, Selection, Design, Realisation, Improvement, Leadership
Key words: eCM, confirmations
Primary tasks
Project manager and business consultant in implementation of electronic trade confirmation
system peer-to-peer and centrally based matching system (Ponton/EFETnet eCM-CMS).
Training and development of user guide.
5 / 10
References - Energy industry
Large Danish Energy Company
Focus Areas: Processes, Energy, Compliance, Organisation
Delivery Method: Analysis
Key words: PPA, settlement, wind energy, UK
Primary tasks
Business Consultant in analysis project concerning settlement of structured wind agreements in
UK - Purchasing Power Agreements.
Large Danish Energy Company
Focus Areas: Technology, Energy
Delivery Method: Realisation
Key words: Regression testing, Endur
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References - Energy industry
Primary tasks
Regression testing of upgrade of the ETRM system Endur from version 8.2 to 10.2
Large Danish Energy Company
Focus Areas: Technology, Processes, People, Markets and Energy
Delivery Method: Analysis, design, realisation, improvement and leadership
Key words: Electricity options and fees, fx trades
Primary tasks
Business Consultant in implementation project on electricity options and fees as well as
structured power trading and FX trades. Our role in the project included inter alia: business
analysis, testing, assistant project manager and handover to the business incl. development of
user guides and end-user training. Testing was done utilising HP Quality Center.
Large Danish Energy Company
Focus Areas: Finance, Energy, Processes and Technology
Delivery Method: Analysis, Realisation and Improvement
7 / 10
References - Energy industry
Key words: SAP, Endur, Allegro
Primary tasks
Business Consultant in project on implementation of a new version of integration between SAP
SD/MM/FI/CO and the company’s ETRM systems Endur and Allegro. Our role in the project
was primarily business analysis and testing. Testing was done utilising SAP Solution Manager.
Large Danish Energy Company
Focus Areas: Finance, Energy, Processes and Technology
Delivery Method: Analysis, Design, Realisation and Improvement
Key words: MtM, PnL, book structure, UK power products, Endur
Primary tasks
Business Consultant in project of implementation of financial UK power products in Endur and
implementing a new book structure for a business unit including reconciliation of PnL between
FO, MO and Back Office and the MtM calculations. Our role in the project included inter alia:
business analysis, testing, assistant project manager in charge of product breakdown and
requirement gathering workshops and handover to business incl. development of user guides
and end-user training. Testing was done utilising HP Quality Center.
Large Danish Energy Company
8 / 10
References - Energy industry
Focus Areas: Energy, Technology, People and Processes
Delivery Method: Analysis, Design, Realisation, Improvement and Leadership
Key words: Endur, SAP, Coal, Power, CO 2
Primary tasks
Business Consultant in back office management of electricity, green certificates, CO 2 and coal
trading in the ETRM system Endur and integration to SAP SD/MM/FI/CO. The derivatives were
physical power, financial power (swaps, futures, forwards and structured), financial coal and
physical CO
2
both OTC and exchanges. Our role in the project included inter alia: business analysis, testing,
assistant project manager and handover to business incl. development of user guides and
end-user training. Testing was done utilising HP Quality Center.
Large Danish Energy Company, Netherland
Focus Areas: Technology, Energy and Processes
Delivery Method: Analysis, Design, Realisation, Improvement and Leadership
Key words: SAP ISU, gas procedures
Primary tasks
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References - Energy industry
Project manager on migration of SAP ISU gas procedures at Dutch Sales Subsidiary. Planning,
risk management, execution, cut-over and hypercare.
Large Danish Energy Company
Focus Areas: Energy, Technology, People and Processes
Delivery Method: Analysis, Design, Realisation, Improvement and Leadership
Key words: SAP, K2, Allegro
Primary tasks
Business Consultant in project of implementation an integration between SAP SD/MM/FI/CO
and the company’s ETRM systems K2, Allegro and a wholesale gas contract system. Our roles
in the project was business analyst, tester and project manager on a subproject of accruals,
responsible for data clean-up of business partner master data and responsible for cut-over and
hypercare activities. Testing was done utilising SAP Solution Manager.
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