Michael has extensive experience in the field of energy regulation and regularly advises transmission system operators and other clients with regard to network access and network usage issues as well as on unbundling issues and network fee regulation.
In the context of energy contracts, Michael advises in relation to (virtual) participations in power plants, long term power and fuel supply, gas supply, gas storage, gas import and transportation/ transit agreements (including advice on price reviews and in the course of related litigation and arbitration proceedings). In the context of gas pipeline projects, he advises in relation to all energy regulatory aspects as well as in relation to project agreements; in the context of power plant projects he advises especially in relation to the fuel supply, energy-off-take and other project agreements as well as in relation to the project financing of such projects. He has been advising in relation to aircraft fuelling activities at a number of German and European airports, including storage and throughput contracts and has been looking at agreements for secondary transport and planning of fuel for retail petrol stations in Germany.
Michael is also very active in relation to renewable energies. This does not only relate to the network access and feed-in aspects but also to any project contracts as well as re. the support schemes and the direct marketing of produced power volumes. In this context, he also has substantial experience in relation to corporate PPAs (CPPA) and, amongst others, has been working with the European Federation of Energy Traders (EFET) in the context of their development of the first standard CPPA documentation.
He has been involved in the establishment of the first German power exchange and in the merger of the German power exchanges and advises domestic and foreign market participants (commodity/energy trading companies, investment banks, energy supply companies and associations) concerning commodity, energy and emissions trading activities on the physical and financial markets.
In the context of commodity, energy and emissions trading, Michael advises in relation to structured products but also in relation to standard master agreements common on the energy markets (especially on the EFET Gas and Power General Agreements, the ISDA Master Agreements, the German Master Agreement for Financial Futures Transactions as well as in relation to the annexes for emissions trading and Cross-Product Master Netting and Credit Support agreements) and the regulatory environment (including REMIT, EMIR, MiFID etc.). Michael assists clients in the context of participation in exchange trading and regarding clearing memberships in Germany and abroad.
Michael works for a broad range of domestic and international market participants in connection with the activities identified above, including energy supply companies, network operators, energy trading companies, investment banks, project companies, investors and associations.
