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Marius Holm Rennesund

+47 996 49 610

Marius Holm Rennesund has broad experience from the energy market with a focus on market analysis and portfolio management. Since joining THEMA in 2013, Marius has worked with price forecasts for the Nordic and German electricity market, the market for electricity certificates and the British gas market. He has hands on experience from trading financial power contracts after completing a year as part of Statkrafts hedging team, managing a portfolio with a turnover of one billion Euros. Marius has international experience working with clients worldwide after completing two years in Nena Asia and a good understanding of political processes after working for the Norwegian Ministry of Petroleum and Energy.

Marius holds a Master’s Degree in Economics from the University of Oslo and a Certificate in Financial Energy Analysis from The Norwegian School of Economics.


New report: Forecasts for the Baltic and Polish power price »

The Baltic and Polish power sectors face a major transition, and developments affect the Nordic market. Our new forecasts for the Baltic and Polish power price describe the transition using three scenarios for technology development and climate and energy policy


New report analyses the markets for green values »

Renewable power generation achieves additional revenues via the markets for guarantees of origin and CO2 allowances, and from elcertificates and other support schemes. Our new Green Values report focuses on the status for and future of these values.

Vindmøller høst

Autumn edition of power price outlook for Nordics and Europe published »

Will the increase in power prices seen in recent years persist? We also focus on wind investments in Norway, discuss the effects of a potential European recession, and launch a new report on the value of green products.

THEMA continues to grow – we are looking for analysts/consultants »

Our 24 employees are no longer enough to solve all the exciting assignments for our more than 230 customers. We are therefore searching for more analysts / consultants who have a master’s degree with excellent results

Summer Interns

THEMA is looking for summer interns »

Would you like to experience a summer in Oslo as a consultant in one of the leading consulting firms in the Nordic energy sector?

Frühjahrsausgabe Strompreisprognosen

The spring editions of THEMAs power and elcertificate price forecasts are ready »

2018 was a pivotal year for power markets. Sharp price increases dominated developments. In our forecasts we discuss whether this trend will continue. In special chapters we look into PPAs and consequences of the German coal exit.

Einar Aas’ fall will hurt liquidity in the financial power market »

Einar Aas’ spectacular betting on the spread between Nordic and German power prices has already hurt other players in the market as they top up their contributions to Nasdaq’s default fund.

Course: Power markets – price drivers, implications and risks »

Marius Holm Rennesund from THEMA tells you all you need to know about price formation in power markets at Energy Norway’s course in power markets April 18, 2018.

New Price Forecasts Show Increasing Value of Flexibility »

Power prices will become more volatile, increasing the value of flexibility. Our new price forecasts for the Nordic and European markets demonstrate this trend, which is due to investments in intermittent generation and increased interconnector capacity.

Decentralised generation could keep power prices low »

Our new power price forecast shows that strong growth in local, small-scale renewable generation yields ample generation and sustains low prices. Longer-term price increases will require stronger European RES and climate policy cooperation.