How Montel Price Forward Curves sharpen long-term power & gas models

Who are you and what does your business do?

My name is Jörg Thape and I’m a Senior Quantitative Analyst in Risk Management at E.ON Energy Markets GmbH in Essen. We are a central business unit within E.ON’s sales division and are responsible for both building and providing power and gas PFCs for our European regions, including Great Britain, the Netherlands, the Czech Republic, Italy, Sweden, Hungary and Croatia.

A core team of modelling specialists develops internal curves used across trading, retail pricing and hedging. To quality-check our PFCs, we rely on trustworthy external benchmarks, and Montel has been an important partner for this since 2015.

What challenges do you face in managing price forward curves?

There is no single universally “true” Price Forward Curve. Market expectations shift constantly, and every curve relies on assumptions and probabilistic modelling, especially when shaping hourly prices where no tradable products exist.

For a risk team, that makes reliable validation essential. We need daily, high-quality external curves that reflect structural market shifts early and allow us to confirm whether our internal outlook remains robust across multiple European markets.

What attracted you to Montel?

Montel stood out because of its consistent daily curve delivery, strong methodology and broad coverage of European markets. For us, the key was having an independent benchmark that is technically reliable and updated fast enough to keep pace with changing market fundamentals.

That combination gave us confidence that Montel’s curves are a meaningful reference point for our internal validation process.

Can you identify a time where Montel really helped you?

Montel helps most in periods where markets move quickly or structural changes reshape expectations. By comparing their daily curves with our own PFCs, we can spot deviations early, assess why they occur and decide whether our models need adjustment.

That ongoing benchmarking is particularly valuable when volatility increases or when new fundamentals (such as policy shifts, outages, or major supply changes) start affecting forward expectations across Europe.

What do you value most working with Montel?

The biggest value is Montel’s role as a dependable benchmark. Their daily curves strengthen our risk management by reinforcing quality checks and helping us continuously improve internal models.

We also appreciate the smooth data delivery and professional support, which makes daily validation efficient and lets our analysts focus on interpretation rather than data handling.

Montel Price Forward Curves give E.ON Energy Markets a trusted daily benchmark to validate internal models, manage volatility with confidence, and maintain high standards in risk processes across Europe.