In the US power market, there is plenty of nostalgia for the bygone years of volatile electricity prices, along with the abundant trading and hedging opportunities that came with them. Those days no longer prevail, and the past few years have seen much lower demand for hedging from both producers and consumers as a result of cheaper power. Meanwhile, banks have been forced to step back from the market due to regulatory pressure – and in some cases, have exited the market altogether. But amid