Climate risk research house of the year: Veyt
Energy Risk Awards 2025: Veyt’s unique views help clients navigate low-carbon markets
When Veyt took a contrarian stance on an upcoming European Commission announcement on carbon auction volumes last October, it correctly anticipated a widely unexpected market development. By going against market expectations, Veyt, Energy Risk’s 2025 Climate risk research house of the year, enabled clients to benefit from a surprise uptick in the price of European Union Emissions Trading System allowances (EUAs) last November.
The EC’s RepowerEU plan aims to raise €20 billion ($22 billion) for
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Market-maker/liquidity provider of the year: DV Commodities
Energy Risk Awards 2026: Commodity trader stands out for breadth of coverage, registering record volumes during recent crisis events
Deal of the year: ENGIE and Return’s virtual FPA
Energy Risk Awards 2026: Virtual battery portfolio deal provides a template for scaling battery storage across Europe
Risk management is key in this unpredictable environment
With energy markets upended by crisis after crisis, the best strategy is always to be hedged against extremes
Precious metals house of the year: RBC Capital Markets
Energy Risk Awards 2026: Bank’s physical capabilities enhance precious metals offering amid extreme volatility
Commodity broker of the year: Marex
Energy Risk Awards 2026: Breadth, reach and balance sheet help Marex stand out in volatile markets
Environmental products house of the year: Marex
Energy Risk Awards 2026: Marex sees opportunity for environmental commodities in the latest energy crisis
Oil and products house of the year: Macquarie Group
Energy Risk Awards 2026: Bank’s physical oil capabilities allow it to create vital flexibilities for clients facing tumultuous markets
Natural gas/LNG house of the year: Macquarie Group
Energy Risk Awards 2026: In rapidly shifting gas market, bank’s wide physical activity helps clients unlock crucial optionality