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Latest News

TOP STORY: Crude nears $126 as speculator debate continues
Crude oil closed at a new record high of $125.96 a barrel on the New York Mercantile Exchange (Nymex) today as market participants moved to rubbish Democratic concerns that speculators were influencing prices. . 09 May 2008

Nymex to Launch U.S. Carbon Allowance Contract
The New York Mercantile Exchange (Nymex) will introduce a U.S. Regional Greenhouse Gas Initiative (RGGI) carbon allowance futures contract, in the third quarter of 2008, pending regulatory review. . 08 May 2008

CantorCO2e launches VER initiative
Environmental broker CantorCO2e has launched a new venture, the Social Carbon Company, to provide advice and carbon management services to project developers in the Verified Emission Reduction (VER) market. . 07 May 2008

Enel goes green in China
Italian utility Enel has signed two agreements in China, one to develop Chinese clean coal and carbon capture and storage projects, the other to purchase over 11 million certified emission reduction (CER) credits from green projects in the Chinese steel industry. . 06 May 2008

More Energy Risk News

May 2008

Joining forces

Iberian power
Joining forces
After several false starts the Iberian electricity market, Mibel, finally launched last year, linking the power markets of Spain and Portugal. Andrew Holt looks at what changes it has brought about
Joining forces

Automating energy markets

Physical market automation
Automating energy markets
Automation in physical energy markets - far behind that of financial markets - is now within striking distance, writes James Caffrey, VP Strategic Consulting, TradeCapture
Automating energy markets

Brenda Boultwood

Profile
Brenda Boultwood
Brenda Boultwood, Constellation Energy's chief risk officer, talks to Roderick Bruce about doing anything you set your mind to
Brenda Boultwood

Low carbon future

Building for the future
As US electric utility companies strive to meet soaring power demand, they are also coming under increasing pressure to lower carbon emissions. Richard McMahon of the Edison Electric Institute looks at how firms plan to meet these two potentially opposing demands

Russia

A man with a mission
The future of Russian energy under president-elect Dmitri Medvedev largely depends upon his ability to navigate the country's Byzantine political climate, writes Robert Amsterdam

Market focus: carbon market

The rise or fall of CDM
European Commission proposals to limit the use of Clean Development Mechanism credits post-2012 came as a surprise to many carbon market participants. Kristian Tangen and Kjetil Røine of Point Carbon discuss the implications

Value-at-risk

Valid assumptions required: delta-normal VaR
A delta-normal value-at-risk is one of the basic tools of risk management. Brett Humphreys discusses the assumptions associated with this calculation

Masterclass: MFMC 2

Application of MFMC model to cargo dispatch
This month’s Masterclass looks at the use of a multi-factor, multi-commodity model to determine the optimal location for shipping a cargo, specifically the delivery of LNG. By John Breslin, Les Clewlow, Calvin Kwok and Chris Strickland

Special report

Nuclear power

Nuclear power in Asia

Rising suns
Asia’s rapidly growing and energy-intensive economies are driving a global nuclear renaissance, writes Lauren Hilgers

Nuclear in the UK

A new generation of risk
The UK government recently committed to a new generation of nuclear power stations – the first in the UK for 13 years – funded by the private sector. Roderick Bruce examines the financial and regulatory risks facing potential stakeholders

US nuclear financing

Unclear for US nuclear
Uncertainty surrounding the US government’s role in project finance for new nuclear generation is threatening to hold back the renaissance. David Watkins reports

Risk management

Trading on risk
British Energy supplies around one-sixth of the UK’s power through its eight nuclear power stations and one coal plant. Prudent trading risk management has evolved in British Energy to optimise financial returns on the power generated by its nuclear fleet, writes John Sen Chu, head of trading risk

Industry Technology Links

Energy Risk’s 2007 software vendor directory

Corporate statements

Gazprom Marketing & Trading

Geared for growth
Gazprom Marketing & Trading's board of directors expounds on the company's history, its remarkable achievements, rapid growth in just a few short years and its plans for the future