portrettbilde, forfatter

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.

Is greed good for market liquidity? »

The liquidity in the Nordic financial power market shows a declining trend. To continue to develop interesting hedging and trading opportunities with high liquidity, we need to understand why. Was Gordon Gekko right?

New elcertificate agreement lifts prices, but does not solve market design challenges »

After months of uncertainty, Sweden and Norway have agreed to extend the Elcertificate market. The market is prolonged for 10 years and Sweden unilaterally increases the target by 18 TWh. The extension lead to a significant increase in prices. 

Penn og statisitikk

Higher power price levels and more frequent price spikes in Europe »

THEMAS new price forecasts for Europe and the Nordics show a tighter capacity balance on the Continent, resulting in more frequent and higher price peaks in continental Europe. Higher European power prices also lift prices in the Nordics.

THEMA@Montel: Nordic power prices to average EUR 25/MWh until 2020 – THEMA »

From Montel 3.October 2016: Norwegian consultancy THEMA has revised up its Nordic power price outlook until 2020 by 19% to an average around EUR 25/MWh, thanks mainly to rising coal futures, analyst Marius Holm Rennesund told Montel on Monday.

New power price forecast: carefully optimistic for power prices »

The fall editions of THEMAs long run power price forecasts are now available. THEMA expect long run power prices to increase, driven by increasing EU-ETS and gas prices post 2020, and tighter power and capacity balances across Europe. Climate policies represent the main uncertainty for the future price development.

Long term price forecasts. Spring edition »

THEMA’s portfolio of price forecasts includes reports on Nordic power, German power, Dutch power and elcertificates.

THEMA@Montel: Nordic power average above EUR 20 until 2020 »

From Montel:  Nordic power prices are likely to average just above EUR 20/MWh until 2020 before rising towards EUR 40/MWh in 2030 amid higher carbon prices and tighter supply, according to Thema Consulting.

THEMA@Montel: Nordic power supply to cope with nuclear closures »

From Montel:  Nordic power spot prices will likely average below EUR 40/MWh over the next 15 years, as the decommissioning of four nuclear reactors in Sweden will be offset by rising capacity from renewables and nuclear output in Finland, according to Norwegian consultancy Thema.

Long term power price forecast: autumn 2015 edition – out now »

Will we see a global economic recession hitting Nordic power prices? Or, may the climate meeting in Paris be the first step towards a stronger global policy commitment leading to higher CO2-prices and a phase-out of coal fired power capacity in Europa?

How a market based support scheme delivers market based decisions – A short comment on Fosen-Snillfjord »

Statkraft’s decision not to go ahead with the projects at Fosen and Snillfjord is reasonable market behaviour in a market based support scheme and should not be regarded as a sign that market participants are losing faith in the certificate market. There are however flaws in the market design that need to be addressed by […]