AFK Vannkraft streamlines its energy trading with Volue Algo Trader

Embracing change in a dynamic market

At Bøylefoss, AFK Vannkraft, has taken a new step in evolving its energy trading process. Recognising the need for more accurate energy production forecasting, the company has integrated Volue Algo Trader Power into its operations. By doing so, AFK Vannkraft is preparing for new regulations and optimising its trading capabilities. 

The shift to Algo Trader Power

The decision to adopt Algo Trader Power was driven by the challenges inherent in energy trading. To tackle these challenges, AFK Vannkraft implemented Volue Algo Trader Power.

"Algo Trader Power enables more precise adjustments to production plans in real time, thereby reducing the risk and cost associated with these imbalances.” Says Jan Roald Evensen, Operation Manager at Bøylefoss. 

A partnership approach

The relationship between AFK Vannkraft and Volue is more than just client and service provider; it's a collaborative effort.

“The way the markets are evolving, producers will get fined harder for imbalance in production. The fines today are at 800 euro for each MWh, so if a 10 MWh aggregate is out for 10 hours, the fines alone will be 8000 Euro. So, the whole point of using Algo Trader Power is the get down the imbalance, get down the costs, and preparing to meet a market with new regulations and criteria.” explains Jan Roald.

Future focused

Looking ahead, AFK Vannkraft is positioned to further adapt to the evolving energy market. The use of Algo Trader Power is just one aspect of a broader strategy aimed at improving market participation and operational efficiency. As market dynamics continue to change, AFK Vannkraft’s proactive approach positions them well for continued success and growth.

This integration of Algo Trader Power by AFK Vannkraft at Bøylefoss is more than a technological update; it’s a strategic move towards more efficient and adaptive energy trading, aligning with the broader vision of Arendals Fossekompani to innovate and grow sustainably in the energy sector.