The Company.
Antuko helps.
Antuko understands the markets it covers because the activities it carries out in each of them require a thorough knowledge of all their details:
- Projecting power, capacity, and green certificates prices implies an understanding of how a market is constructed, its players, their strategy, the expansion of the system in terms of generation, transmission and demand, the impact of commodity prices over the generation mix, the impact of climate variables over the generation mix, etc.;
- Advising banks, investors, and developers on the financing of generation assets requires an understanding of all the variables that locally affect the development, construction, and commercial operation of a generation unit over its life span;
- Undertaking the asset management of power plants implies a hands-on knowledge of the day-to-day operation of the generation assets, and their interaction with the local markets: placing hourly orders where required, managing real PPAs with their particular clauses, invoicing, payments, cash flow follow-up, operation and maintenance, relation with stakeholders, etc.;
- Proprietary energy trading implies skin-in-the-game in the markets, understanding how market participants interact, how prices are formed, how transactions are closed, how deals are eventually broken;
History.
Antuko is founded in Chile by Fernando Cubillos, Olivier Potart, and Marcos Semmler. Its objective is to provide incoming NCRE developers with a clear vision of the Chilean energy market.
Antuko structures with BCI Asset Management the “Price Stabilization Fund” (PSF), a vehicle that aims to be a link between NCRE generators and final consumers. The PSF offered friendly PPAs to generators from different technologies (solar, wind and hydro), aggregated their energy curves, and finally resold energy consumption curves to industrial consumers. In between it took the risk of mismatch between those curves, and hedged that risk with its working capital and sophisticated Value at Risk models. The PSF is still today rated AA- by Feller Rate Chile.
The PSF is awarded with 70GWh/year in the first NCRE-friendly energy tender organized by the Chilean Energy Commission. Antuko starts providing long terms energy price forecasts in Chile. Antuko anticipates congestion issues in the north of the SIC.
Antuko energy price forecasts activity soars in Chile as many NCRE projects face financing with banks. Analysis of complex portfolios for M&A transactions. First steps in Mexico as the new regulation is announced.
The PSF starts delivering energy to the contracts awarded in the 2014 tender, and purchasing energy from NCRE generators: real management of PPAs begins. Antuko gains asset management clients and reaches 200+MW. Consulting for tier-one utility companies.
Joint venture in Mexico with BioFields to advise Tuto Power on energy trading and retailing. DCMX office grows. Spanish office opens and starts modelisation process of the Iberian market.
