Europe
When climate risk starts to bite
Energy firms under increased pressure to assess physical climate risk
Energy firms grapple with rising customer risk
Understanding the risks a firm is exposed to through its counterparties and customers is vital in today’s world, not just from a credit perspective but for compliance and reputational reasons, writes a senior analyst. Here she shares her experience of…
Some see Esma reining in position limits after review
The scope of position limits could shrink to cover just the major benchmarks, one executive argues
Energy Risk Awards 2019: The winners
BP and Engie pick up two awards each, while BNP Paribas takes the coveted derivatives house of the year
Electric vehicles: a slow-motion car crash for oil firms?
Could electric vehicles be as disruptive to oil and gas firms as renewables are to utilities, and are energy firms taking the risk seriously enough?
AI moves into middle office at energy firms
Energy firms explore how artificial intelligence can boost returns
The aftershocks of Einar Aas
The €114m default of Nasdaq power trader Einar Aas will have consequences across markets - but energy could be particularly badly affected
Lessons from two commodity defaults
Regulators and exchanges need to learn from the Greenhat/PJM default in the US as well as the Norwegian Nasdaq blowout
Climate risk disclosure gains momentum but work needed: TCFD
Few firms disclose financial impact of climate risk, review finds
The foreshocks of Brexit
As Brexit chaos continues, energy firms and traders are upping sticks and leaving the UK
Brexit uncertainty for UK and Irish power markets
Traders remain in the dark about the future of the UK’s participation in the IEM and how a “no deal” Brexit scenario might affect power trading in the future
EU power balancing faces major changes
Three upcoming pieces of legislation will have significant effects on balancing trades for the UK, says energy expert
Lessons for the next round of energy market regulation
More buy-in and more recognition of the commodity market's special features will make future regulation faster and smoother, argues energy expert
Newman retires, ING's new commodities head, and more
Icap veteran Newman retires, ING appoints a new commodities chief, EEX elects a new council, and more
Deal of the year: Engie
Energy Risk Awards 2018: By targeting smaller players in mature basins, Engie creates a structure ripe for replication
Electricity house of the year: Engie
Energy Risk Awards 2018: For global energy firm focus is on anticipating client expectations, not just market trends
Consultancy of the year: d-fine
Energy Risk Awards 2018: Quantitative and technological know-how combine to improve performance for clients of German consultancy
The changing face of European power trading
Large pools of data, an abundance of cheap and powerful computing capacity, the rise of renewables, and the development of the smart grid are having a significant impact on European power and gas trading. New and interesting developments continue to…
Risk transformation of a zero-subsidy wind portfolio
Joaquin Narro analyses the hedging of a hypothetical zero-subsidy wind portfolio with base load products in the futures markets, in a situation that is becoming increasingly relevant to the portfolio managers of wind farms, due to the decline of the cost…
European renewables turn to corporates as states retreat
Can corporate PPAs help smooth European power market transformation?
LME CTO leaves, Cogolludo to head Citi commodities, and more
Citigroup's commodities head departs for Hong Kong, Goldman commodities franchise head moves to Citadel, and more
Speculators flock back into the EU carbon market
EU reforms trigger carbon rally set to last through 2018
Brexit issues for carbon market must be solved soon
UK departure from EU ETS is causing headaches for energy traders and risk managers, writes energy consultant
BAML hires new US head, Ice names model risk head, and more
Ice hires new director of model risk management, EEX appoints senior manager of agricultural commodities, new chairman of Baltic Exchange Advisory Council, and more