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Machine Learning & Statistical Models in Energy Markets with Modity Trading
March 9, 2022 @ 4:00 pm - 5:00 pm
On Wednesday March 9th at 16:00, we will be joined by head of Quant and Trading Analytics at Modity Trading, Erik Östberg, for a guest lecture at the Economics School.
As spring approaches the Nordic power market leaves behind a winter with record high prices. The high price level and increasing volatility has highlighted the importance of an active and dynamic risk management connected to energy.
In this lecture Erik will give a background on the Nordic power system, he’ll explain the price mechanism and some of the challenges introduced by renewable, intermittent energy production (wind and solar) and also how ML and statistical methods are used to manage risks in and making a more sustainable energy system possible.
Erik holds an M.Sc. in Mechanical Engineering with a Masters in control engineering from Linköping University and has been at Modity Energy Trading for four years. He first worked as a quant developer before leading a small team responsible for their Quant and Trading Analytics