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
Energy firms revisit CTRM systems as tech advances
Energy executives mull how to tap into the explosion of new technologies entering the risk space, but systems selection must consider future business needs, writes Yefreed Ditta at Value Creed
CRO interview: Brett Humphreys
Brett Humphreys is head of risk management at environmental markets specialist Karbone. He talks to Energy Risk about the challenges of modelling outcomes in unpredictable times and how he’s approaching the risks at the top of his risk register
How geopolitical risk turned into a systemic stress test
Conflict over resources is reshaping markets in a way that goes beyond occasional risk premia
Energy Risk Debates: the influence of risk culture
The panellists examine different risk cultures and discuss the risk manager’s role and influence in creating a risk culture
Energy Risk reaction: Venezuela and oil sanctions
Energy Risk talks to Rob McLeod at Hartree Partners about the energy risk implications of the US’s control of Venezuelan oil
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
