Time2Talk: The Energy Trading Podcast

Eszter Pontenagel, Paul Pontenagel

Time2Talk, the energy trading podcast by Time2Market, where prominent industry figures and influential guests share the latest developments and insights. Stay ahead in the energy sector with insiders' analysis and unique perspectives – for experts, by experts.

  1. DEC 11

    From Zero to 40 Markets: The Trading Strategy Nobody Talks About | Time2Talk #209: Lars Weber

    Welcome to this episode of Time2Talk, where we talk about interesting developments in the energy industry. In today's episode, join Lars Weber from Yggdrasil and Eszter Pontenagel and Paul Pontenagel from Time2Market, as they discuss:    👉 What 2.5 years of entering Japan really looks like 👉 Why successful algorithms start with physics, not markets 👉 How trading across continents becomes a natural hedge 👉 The biggest trap new trading entrants fall into 👉 Why 1 MW of manual trading is the secret to automation. 👉 The next wave: batteries, AI, and unexpected new players.   If you would like to be the next guest on Time2Talk, please do not hesitate to contact Time2Market. If you have an interesting guest in mind, leave their name in the comments, and we will get in touch.  Do you want early access to watch all Time2Market episodes one week before they are published? Subscribe to Time2Market’s monthly newsletter here 👉 https://sy4ic.share.hsforms.com/2GEq1A1elRH2eMpxHuPS4Rg    𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:  00:00 – In today’s episode... 01:30 – Welcome to the Studio: Introducing Lars Weber 03:30 – Lars’ Early Career 06:00 – Entering the UK Market & Discovering PPAs 08:00 – Moving Back to Denmark & The Birth of Yggdrasil 10:00 – Scaling to All US ISOs with Just 10 People 12:30 – From Manual Trading to Full Automation 15:00 – Entering Europe: New Complexity, New Strategy 17:00 – Build or Buy? How Yggdrasil Built Everything In-House 18:30 – Choosing Not to Scale Too Fast 20:00 – The 2.5-Year Journey to Enter Japan 24:00 – Why Cultural Commitment Is Essential in Japan 26:00 – The Harsh Reality of Banking & KYC in Japan 28:00 – How Japan Became One of the Most Volatile Markets in the World 31:00 – Gas Shortages, LNG Price Shocks & The 2020 Crisis 33:00 – Spot Trading vs. Global Correlations 36:00 – Risk Diversification Through Geography 38:00 – Strategy Scaling Across Markets: Physics Over Geography 40:00 – Preventing Cross-Market Overexposure 44:00 – Assetless Trading, Regulation & “Significant Support” Requirements 46:00 – Learning Market Boundaries Through Practice 48:00 – Transparency, Mistakes & TSO Relationships 50:00 – Becoming an Asset Manager Without Losing Lean Structure 52:00 – Servicing Customers Without Becoming a Service Company 54:00 – Entering the US: ISO Expansion & Regulatory History 56:00 – The Challenge of US Entry: PJM, SPP & Strict Onboarding Rules 58:00 – Market Failures & Lessons Learned 01:00:00 – Physical vs. Financial: Clearing Up a Common Misconception 01:03:00 – Mistakes, Compliance & Why TSOs Value Self-Reporting 01:06:00 – Scheduling, IT Stacks & Building Operating Systems In-House 01:08:00 – The Hidden Complexity of Market Entry 01:10:00 – Entering 40 Markets in Seven Years 01:12:00 – The Future of Market Liberalization Worldwide 01:14:00 – What Yggdrasil Will Become in the Next 3-5 Years 01:16:00 – The Next Wave: Batteries, AI & New Entrants 01:17:30 – Advice to New Market Entrants 01:19:00 – Thank You For Today Legal disclaimer: This podcast is intended for informational purposes only and should not be considered business or legal advice. Time2Market does not guarantee the completeness, accuracy, and actuality of the information provided. The energy industry is extremely dynamic and conditions and requirements change frequently. As a result, information discussed on this page is subject to change without notice. Time2Market's website: www.time2market.net Time2Market's LinkedIn: www.linkedin.com/company/time2market-market-management-services Subscribe to Time2Market's newsletter for early access and exclusive content: https://sy4ic.share.hsforms.com/2GEq1A1elRH2eMpxHuPS4Rg

    1h 20m
  2. OCT 30

    Why Power Markets Will Never Behave Like Financial Markets | Time2Talk #208: Eleonora Pilla

    Welcome to this episode of Time2Talk, where we talk about interesting developments in the energy industry. In today's episode, join Eleonora Pilla from Habitat Energy and Eszter Pontenagel from Time2Market, as they discuss:    👉 What energy markets can (and can’t) learn from Wall Street 👉 Can algorithms beat human intuition in power trading 👉 What it takes to launch and scale an energy trading company 👉 How market rule changes create new winners (and unexpected losers)  👉 Why innovation, not size, is the new edge in energy trading   If you would like to be the next guest on Time2Talk, please do not hesitate to contact Time2Market. If you have an interesting guest in mind, leave their name in the comments, and we will get in touch.  Do you want early access to watch all Time2Market episodes one week before they are published? Subscribe to Time2Market’s monthly newsletter here 👉 https://sy4ic.share.hsforms.com/2GEq1A1elRH2eMpxHuPS4Rg    𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:  00:00 - In today’s episode... 01:58 - Welcome Eleanora from Habitat Energy & Quark Energy Trading 03:45 - Finding your place in the energy industry 05:32 - Founding Quark Energy Trading and early market lessons 07:18 - The UK’s energy market: opportunity or over-competition? 09:05 - How transparency is reshaping power trading 10:52 - The biggest challenges of running a modern trading business 12:40 - Algorithmic trading in energy: what people still get wrong 14:27 - What energy can (and can’t) learn from Wall Street 16:15 - The art and science of predicting price volatility 18:02 - Changing market rules and auction dynamics 19:50 - The rise of utilities, aggregators, and flexibility markets 21:37 - Building competitive advantage through innovation 23:25 - The role of automation and human oversight 25:12 - How energy trading will evolve over the next decade 27:00 - From data to decision-making: the future of algo trading 28:47 - What’s next for Quark and Habitat: growth, goals, and lessons learned 30:32 - How collaboration and partnerships drive innovation 32:15 - Why the human element will always define trading success 34:00 - Final reflections: balancing technology, risk, and purpose 35:42 - Thank you for today Legal disclaimer: This podcast is intended for informational purposes only and should not be considered business or legal advice. Time2Market does not guarantee the completeness, accuracy, and actuality of the information provided. The energy industry is extremely dynamic and conditions and requirements change frequently. As a result, information discussed on this page is subject to change without notice. Time2Market's website: www.time2market.net Time2Market's LinkedIn: www.linkedin.com/company/time2market-market-management-services Subscribe to Time2Market's newsletter for early access and exclusive content: https://sy4ic.share.hsforms.com/2GEq1A1elRH2eMpxHuPS4Rg

    36 min
  3. OCT 2

    Speed & Scalability: The New Rules of Energy Trading | Time2Talk #207: Energy One & Time2Market

    Welcome to this episode of Time2Talk, where we talk about interesting developments in the energy industry. In today's episode, join Benjamin Trainer from Energy One and Eszter Pontenagel and Paul Pontenagel from Time2Market, as they discuss:    👉 Why humans remain essential in the age of AI 👉 How are aggregators changing market dynamics? 👉 Why traditional ETRMs fail in spot trading   👉 What scalability really means in modern energy markets   👉 The biggest pitfalls of building your own ETRM   If you would like to be the next guest on Time2Talk, please do not hesitate to contact Time2Market. If you have an interesting guest in mind, leave their name in the comments, and we will get in touch.  Do you want early access to watch all Time2Market episodes one week before they are published? Subscribe to Time2Market’s monthly newsletter here 👉 https://sy4ic.share.hsforms.com/2GEq1A1elRH2eMpxHuPS4Rg  Legal disclaimer: This podcast is intended for informational purposes only and should not be considered business or legal advice. Time2Market does not guarantee the completeness, accuracy, and actuality of the information provided. The energy industry is extremely dynamic and conditions and requirements change frequently. As a result, information discussed on this page is subject to change without notice. Time2Market's website: www.time2market.net Time2Market's LinkedIn: www.linkedin.com/company/time2market-market-management-services Subscribe to Time2Market's newsletter for early access and exclusive content: https://sy4ic.share.hsforms.com/2GEq1A1elRH2eMpxHuPS4Rg

    35 min
  4. OCT 2

    Inside Flow-Based Market Coupling | Time2Talk #206: Paul Pontenagel & Frank Boerman

    Welcome to this episode of Time2Talk, where we talk about interesting developments in the energy industry. In today's episode, join Paul Pontenagel from Time2Market and Frank Boerman from TenneT, as they discuss:    👉  Can you actually forecast PTDF matrices? 👉  What really changed when we moved from ATC to flow-based capacity? 👉  Is the LTA domain becoming obsolete in the day-ahead market? 👉  How does Dutch rooftop solar create a perfect storm for price crashes? 👉  Is the 70% rule helping or hurting efficient market outcomes?   If you would like to be the next guest on Time2Talk, please do not hesitate to contact Time2Market. If you have an interesting guest in mind, leave their name in the comments, and we will get in touch.  Legal disclaimer: This podcast is intended for informational purposes only and should not be considered business or legal advice. Time2Market does not guarantee the completeness, accuracy, and actuality of the information provided. The energy industry is extremely dynamic and conditions and requirements change frequently. As a result, information discussed on this page is subject to change without notice. Time2Market's website: www.time2market.net Time2Market's LinkedIn: www.linkedin.com/company/time2market-market-management-services Subscribe to Time2Market's newsletter for early access and exclusive content: https://sy4ic.share.hsforms.com/2GEq1A1elRH2eMpxHuPS4Rg

    40 min
  5. AUG 5

    Energy Trading Isn’t a Lottery: How to Scale? | Time2Talk #205: Eszter & Paul Pontenagel

    Welcome to this episode of Time2Talk, where we talk about interesting developments in the energy industry. In today's episode, join Eszter Pontenagel and Paul Pontenagel from Time2Market, as they discuss:    👉  Is your biggest bottleneck really the regulator, or your internal setup? 👉  Why is market mapping as much about knowing where not to go? 👉  Are you scaling intentionally or reacting to panic? 👉  Is your setup too rigid to adapt or too loose to scale? 👉  What’s the fastest way to delay your market entry by 6 months?    If you would like to be the next guest on Time2Talk, please do not hesitate to contact Time2Market. If you have an interesting guest in mind, leave their name in the comments, and we will get in touch.    Do you want early access to watch all Time2Market episodes one week before they are published? Subscribe to Time2Market’s monthly newsletter here 👉 http://eepurl.com/iFJ4z6 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:  00:00 – Introduction 00:49 – Welcome to the episode: looking back and ahead 01:56 – Traders are like NFL players 03:47 – Beyond tech and market access 04:44 – Readiness, risk appetite, and scaling with intention 06:06 – Getting internal buy-in: the overlooked barrier 07:36 – Mapping Europe: market entry isn’t one-size-fits-all 08:34 – Unknown unknowns: the hidden costs of misaligned setups 09:27 – Connecting the dots across market bubbles 10:55 – Industry bubbles: Denmark, Germany, and local blind spots 11:44 – Networks, not just markets: the people we meet 13:02 – Trading houses are IT companies, but human ones 14:03 – Reflecting on Time2Talk Season 2 15:48 – Why the energy sector never gets boring 16:14 – E-world vs weddings: why it’s easier to talk energy than small talk 17:55 – Most memorable cases of the year (so far) 20:17 – What slows you down? Misjudging regulator expectations 21:58 – Delivering value is about speed and trust 23:00 – Enabling success 23:46 – Poland vs the US: Market access pain levels compared 24:27 – Going offline: summer pause and what’s next 25:15 – Looking ahead: 2026 is the year to move Legal disclaimer: This podcast is intended for informational purposes only and should not be considered business or legal advice. Time2Market is not responsible for the completeness, accuracy, and actuality of the information provided.    Time2Market's website: www.time2market.net   Time2Market's LinkedIn: www.linkedin.com/company/time2market-market-management-services

    26 min
  6. JUL 15

    Does Europe’s Power Market Design Still Work? | Time2Talk #204: Nico Schoutteet & Paul Pontenagel

    Welcome to this episode of Time2Talk, where we talk about interesting developments in the energy industry. In today's episode, join Paul Pontenagel from Time2Market and Nico Schoutteet from the CREG, as they discuss:  👉  Are 15-minute day-ahead blocks the fix renewables have been waiting for? 👉  How big is the welfare loss from explicit UK-EU trading post-Brexit? 👉  Can speculative traders actually improve market efficiency? 👉  Are organized electricity markets still the cheapest path to net zero? 👉  What happens when three power exchanges operate in one country? If you would like to be the next guest on Time2Talk, please do not hesitate to contact Time2Market. If you have an interesting guest in mind, leave their name in the comments, and we will get in touch.  Do you want early access to watch all Time2Market episodes one week before they are published? Subscribe to Time2Market’s monthly newsletter here 👉 https://sy4ic.share.hsforms.com/2GEq1... 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬: 00:00 - Introduction  01:51 - What is CREG?    04:40 – Nico Schoutteet’s Role: Market Integration, Monitoring & Policy    05:32 - Bridging complexity and consumer protection    10:16 - Welfare optimization across the EU 12:40 - Exporters, Interconnectors, and Short-Term Optics    14:35 - Implicit vs Explicit cross-border flows 17:04 - Welfare losses post-Brexit  18:42 - Cooperation with Elia: When TSOs and NRAs align    20:28 - Working with Power Exchanges and Competing NEMOs    22:16 - Balancing markets and the role of speculators    24:19 - Passive vs Reactive balancing    25:00 – The transition to 15-minute MTU in the Day-Ahead market 27:28 – Needs of renewable generators 29:16 - Will intraday markets stay relevant post-granularity shift?    31:32 - Do hedge funds belong in power markets?    32:21 - Building trust after a crisis 34:55 - Thank you for today

    37 min

About

Time2Talk, the energy trading podcast by Time2Market, where prominent industry figures and influential guests share the latest developments and insights. Stay ahead in the energy sector with insiders' analysis and unique perspectives – for experts, by experts.