Ventyx Releases Spring 2009 Reference Case Reports: 25-Year Wholesale Market Outlook for European Energy Markets

LONDON -

Ventyx(R), the world’s largest private software, data and advisory services provider to the energy and utility industry, announced today the release of its Spring 2009 European Reference Case Reports, providing a 25-year outlook for key European wholesale energy markets.

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These Reference Case Reports, updated on a semiannual basis, contain Ventyx’s independently formed, detailed price forecasts for wholesale electricity, carbon, natural gas, fuel oil, coal and — specifically for the UK market — a Renewable Obligation Certificate (ROC) price forecast. The Reference Case Reports give Ventyx’s latest views on key market issues, market restructuring, new plant entry and retirements, transmission interconnections and emissions.

For Spring 2009, Ventyx has produced three reports: 1. Great Britain Energy Market Outlook covering England, Wales and Scotland 2. All-Island Energy Market Outlook covering Ireland and Northern Ireland 3. Northwest European Market Outlook covering France, Germany, The Netherlands, Belgium, Italy, Switzerland and Austria

“European markets are undergoing fundamental changes that require ‘de-carbonisation’ of the generation mix. Major investment in renewable and efficient combined cycle gas turbine plants is needed for the European markets to reduce their greenhouse gas emissions,” said Ventyx Senior VP of Advisors Ronald Moe. “Ventyx’s Reference Case Reports provide the independent, transparent, consistent and updated opinions required by investors, lenders, utilities and IPPs to assess the value of energy assets and make knowledgeable investment decisions in these dynamic markets.”

According to Ayse Sabuncu, VP EMEA Energy at Ventyx in Europe, “The capacity mix is changing fast in Europe. More intermittent renewable capacity is added, and baseload coal and nuclear retirements are being replaced to some extent by gas-fired capacity. Capturing the potential changes in the flows between Northwest Europe requires a more robust modeling of these interactions. Ventyx’s Spring 2009 Reference Case Reports address these challenges by providing an integrated analysis of the energy markets for Great Britain, France, Germany, The Netherlands, Belgium, Austria, Switzerland and Italy. The effect of continental Europe on Great Britain, and vice-versa, and the impact of increasing wind capacity in the integrated topology are fully represented.”

In addition to full details of assumptions and Ventyx world-class forecasting models, methodology and price formation processes, the reports contain a contextual analysis of the major issues underlying the European power markets, including environmental and security of supply issues affecting the generation plant mix both now and in the future. Subsequent sections provide country-specific assumptions and market shaping factors employed in developing a detailed electricity market forecast for each country. Each section also includes detailed country-by-country modeling results, including:

– Market structure and new entrants — Existing resource base, retirements and new generation build plans and requirements — Load growth — Interconnection — Environmental policies and targets — Renewable energy generation — Country-specific forecast fuel prices and transportation costs — Future plant mix and load/resource balance — Generation volume forecast — Carbon emissions — Wholesale electricity prices — Risk and uncertainty in the forecast

About Ventyx Reference Case

Ventyx’s Reference Case Report is a standard of the industry used by ratings agencies, regulators, market competition commissions, energy companies, utilities and their investors as a source of independent, transparent, consistent analysis of changing energy market fundamentals, wholesale expected prices and how they are formed. Our European databases and regional power and fuels forecasts provide a comprehensive view of energy market fundamentals and market clearing or supply cost analysis across Europe. These databases provide the most comprehensive, detailed and accurate electricity power, fuels and demand data available and include country-specific generating units, fuels usage, hourly electric loads, operating and capital costs, transactions and interconnections. Ventyx’s unique set of detailed fundamental data for the European market represents years of research, documentation and testing of the data for market simulation purposes. The research data is coupled with Ventyx’s own internally developed data, a result of more than 15 years of experience in modeling liberalising energy markets worldwide.

About Ventyx Energy Advisory Service

Ventyx Energy Advisory Service has worldwide relationships with energy market participants, generators, transmission firms, oil and gas producers, load serving entities, cooperative enterprises and the firms that finance, analyse and consult to them. This list includes upwards of 400 installed software and database clients, positioning the company as a category leader in energy market simulation, portfolio planning and risk management and energy market operations. Since 1985, Ventyx and its predecessor companies have been trusted advisors performing more than 2,500 project assignments for energy industry participants worldwide. Since 1997, we’ve provided independent market opinions for more than euro 30 billion in short- and long-term project financing of more than 70,000 MW of energy projects.

About Ventyx

Ventyx is a leading business solutions provider, delivering asset management, mobile workforce management, energy portfolio management, and customer care solutions to more than 1,250 energy, utility and communications customers, as well as to asset-intensive customers in selected commercial markets. Ventyx delivers best-of-breed business solutions that maximize operational and financial performance, backed by the industry’s deepest available industry-specific domain expertise. For more information, visit our Website at www.ventyx.com.

Ventyx is a registered trademark of Ventyx Inc. Other company and product names may be trademarks of the respective companies with which they are associated.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Ayse Sabuncu https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=74916

Source: Ventyx

Sarah Anstee, Ventyx Corporate Communications, +44-1483-722777, sarah.anstee at ventyx.com. Logo: https://www.newscom.com/cgi-bin/prnh/20080318/CLTU015LOGO