Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
For the past three decades, Energy Risk has followed closely the energy sector’s many triumphs and disasters, charting its course through the early 1990s’ challenges of applying quantitative models to power markets, to the monumental effort required today to achieve the energy transition.
There is much to be learnt from the past – and not just to avoid repeating mistakes – but because peeling back the layers is a good way to better understand the mind-boggling complexity of some of today’s markets.
Here we present a selection of articles that cover some of the major developments in energy trading and risk management of the past 30 years.
Analysing the biggest failures and losses at energy firms can build a case for the value of consistent, high-quality risk management. This article looks at the biggest energy risk managment disasters to occur between 1993 and 2010.
Past disasters can prove the value of energy risk management
This article tells the sometimes-painful story of how quantitative analysis of power markets began and evolved.
In this article, first published 10 years after the dramatic 2001 collapse of Enron, Energy Risk talks to ex-employees about how the company achieved what it did and what lessons it can still teach us today. It also gives clear accounts, with a timeline, of what went wrong.
More on Risk management
CRO interview: Shawnie McBride
NRG’s chief risk officer Shawnie McBride discusses the challenges of increasingly interconnected risks, fostering a risk culture and her most useful working habits
Increasingly interconnected risks require unified risk management
Operational risk is on the rise according to a Moody's survey, making unified risk management vital, say Sapna Amlani and Stephen Golliker
Energy Risk Europe Leaders’ Network: geopolitical risk
Energy Risk’s European Leaders’ Network had its first meeting in November to discuss the risks posed to energy firms by recent geopolitical developments
Energy Risk US Leaders’ Network: tackling volatility
Energy Risk’s inaugural US Leaders’ Network convened in Houston in October to discuss risk management challenges caused by geopolitical upheaval, policy uncertainty and volatility
LNG trading strategies set to change amid major market shifts
The global LNG market is on the brink of significant changes set to alter trading dynamics and market behaviour, say analysts
Why commodity finance is ripe for stablecoin
Digital currency brings cost efficiencies to financing, but its real benefit to commodity firms lies in making huge pools of new capital available, write Jean-Marc Bonnefous and Ronan Julien
US shutdown leaves commodity traders without key data
Commodity traders are ‘flying blind’ without Commitment of Traders reports
Past disasters can prove the value of energy risk management
Analysing failures and losses at energy firms can underscore the value of consistent, high-quality risk management
