Commercial Manager
Thames Power Services is the operator of Barking Power Station. During its operational phase, Barking was a 1000MW CCGT joint venture between SSE, EDF Energy and Thames Power Limited. Leading a team of commercial and finance staff, I was responsible for all commercial activity associated with the existing plant, and contributing to other development opportunities on the site. This was a particularly challenging period as market conditions deteriorated for relatively low efficiency CCGT plant… Show more Thames Power Services is the operator of Barking Power Station. During its operational phase, Barking was a 1000MW CCGT joint venture between SSE, EDF Energy and Thames Power Limited. Leading a team of commercial and finance staff, I was responsible for all commercial activity associated with the existing plant, and contributing to other development opportunities on the site. This was a particularly challenging period as market conditions deteriorated for relatively low efficiency CCGT plant, necessitating substantial changes to commercial and operational strategy and ultimately implementing a closure plan when the plan become no longer economically viable. Key achievements• Identified potential opportunity to restart operations as an open cycle plant, managed successful Section 36C planning application to modify consent, capacity market participation, and power and gas transmission connection applications• Development, market testing, valuation and successful negotiation and execution of a 200MW virtual tolling agreement and associated master trade and netting agreements• Settlement of three separate machinery breakdown/business interruption claims with total value in excess of £50m• Devising and implementing a trading and risk management strategy following expiry of long term PPAs and gas supply agreement Show less