Risk management
Welcome to the Energy Risk awards 2004
The fourth annual Energy Risk awards recognise excellence and innovation in the field of risk management. And to mark the ever-changing face of the industry, Energy Risk has added three new awards this year.
RMS releases updated Climetrix weather trading system
Risk Management Solutions (RMS), a California-based provider of products and services for the management of natural hazard risk, today released version 4.0 of its Climetrix weather derivatives trading and risk management system.
String theory
Abstract: The complete understanding of forward price dynamics is a fundamentaltopic in commodity markets, and there have been many studies on the relationshipbetween spot and forward commodity prices. Here, GiorgioCabibbo and StefanoFiorenzani offer a…
The big picture
Focusing only on measuring VAR and stress tests limits the role of the risk manager.And there are great benefits from a wider view of what risk management can achievefor a company. By Brett Humphreys
Nybot in Nymex sights, but IPE rumours are put on ice
Nymex is rumoured to be interested in acquiring Ice. Here, in an exclusive interviewwith Energy Risk, Nymex president Bo Collins suggests the exchange may also besetting its sights elsewhere. By James Ockenden
Bob Anderson
Former chief risk officer with El Paso, Bob Anderson now heads the Committeeof Chief Risk Officers full time. By James Ockenden
Energy risk manager of the year
Winner: BP
Risk manager of the year – retail
Winner: Reliant Energy Solutions
Risk manager of the year – consumer
Winner: Bayer
Taking the slow road
Recent developments suggest that clearing is likely to gain widespread acceptance in the European energy market. Market participants feel it is a question of how and when – not if – robust, liquid solutions will emerge. By Joe Marsh
Beat the system
The complexity of the energy markets has given rise to a host of risks that traditional trading systems often do not address. Paul McLean-Thorne gives his views on a well-designed energy trading and risk management system
Risk at the margin
Competition and deregulation has led to new ways of running utilities, and the commodity-trading model has emerged as the leading approach. But the challenge lies in how it is applied, argues Lawrence Haar
Spread Modelling for Energy Risk
Jean-Noel Dordain and Stephane Mayrague, members of the Sophis research team, present the dramatic advantages of a spread risk analysis for energy trading.
’Tis the season...
Abstract: Aurelian Tröndle presents a general framework for modelling prices of storable and non-storableenergy assets, which sheds light on different market fundamentals, and showshow energy market volatility is seasonal and anything but stable. The…
The future of freight
The Baltic Exchange has recently shelved plans to offer freight derivatives,yet rising freight rates should aid the development of the embryonic forwardfreight agreement market. By Paul Lyon
Brokers look toshow their worth
Brokers are increasingly looking to provide energy price data. The choice may be wider, but are energy firms getting the credible data and analysis they need for intelligent price forecasts? Joe Marsh reports