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.

  How quants shaped the modern energy markets

• 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. 

  Enron lives on in energy markets