How Montel Analytics helps risk managers assess power markets

Who are you and what does your business do?

My name is Dr Tilman Hüneke and I work as a Quantitative Risk Manager at Encavis. I am part of the risk management team and focus primarily on market price curves, price expectations and the valuation of wind and solar portfolios across different European markets. Another key part of my role is assessing PPAs and the associated market risks.

Encavis is one of Europe’s leading independent renewable power producers. The company operates wind and solar assets across multiple countries (from Finland to Spain) with an installed capacity of around 3.8GW. As fixed subsidy schemes continue to decline, our business model has become increasingly market-driven.

What challenges did you face before using Montel?

As Encavis has grown and our assets have become more exposed to the market, the complexity of our products has increased significantly. In the past, many assets benefited from fixed feed-in tariffs, which allowed for relatively simple valuation approaches. Today, we must account for market-based revenues, price volatility and increasingly complex contract structures.

At the same time, Encavis operates with lean teams. This means we need fast, flexible and reliable access to market data across many European countries – without having to build and maintain separate solutions or data sources for each market.

How does Montel Analytics support your daily work?

Montel Analytics, specifically via the Energy Quantified platform, is a core component of our daily risk and valuation work. We use the platform for forward curves, historical spot prices and generation data, all provided in a consistent structure across relevant European markets.

The modelled backcast time series are particularly valuable. They show how wind or solar assets would have produced based purely on weather conditions, independent of technical outages or market-driven curtailment. This is crucial both for assessing the performance of existing assets and for evaluating price curve assumptions and PPA risks.

We also integrate the data directly into our automated processes via APIs. Montel Online complements this setup by providing additional exchange data and market transparency.

What sets Montel Analytics apart from other solutions?

The key differentiator for us is the breadth and consistency of the data. Montel provides access to forward prices, historical actuals, modelled climatological averages and backcasts – all in a uniform structure across multiple European markets.

For an internationally diversified portfolio, this consistency is essential. It allows us to analyse different markets with the same depth and methodology, without building market-specific workarounds. This significantly simplifies processes and improves the comparability of our analyses.

Can you identify a time when Montel made a real difference?

The impact is most visible in our day-to-day work with price and production data. Having fast, API-based access to high-quality datasets enables substantial time savings and much quicker analysis.

If we had to generate these datasets ourselves, the effort would be considerable. Direct access to ready-to-use, robust data allows us to deliver reliable and transparent valuations for assets and PPAs more efficiently.

What do you value most about working with Montel?

We value the fast and reliable access to comprehensive European power market data, combined with powerful API interfaces. This allows us to use the data both in automated workflows and in flexible ad-hoc analysis.

Support is also responsive and straightforward. Overall, Montel enables us to work efficiently, confidently and with strong analytical foundations in a complex and rapidly evolving market environment.