Energy risk teams adapt hedging practices amid volatility
Risk managers at European power and gas firms are taking new approaches to hedging amid today’s turmoil and uncertainty. Mark Nicholls reports
Pity the European utility risk manager. Global gas markets are roiled – once again – by armed conflict, while extreme summer weather added further volatility to spark spreads. On top of this, risk teams are dealing with the longer-term, structural implications of the energy transition.
Enormous volumes of renewables generation are changing how electricity markets behave, while longer-dated liquidity is drying up. Managing price and volume risk has perhaps never been more challenging. As a result
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