Feature
Hedges are growing greener
Opportunities for hedge funds in traditional energy markets are not as common as a few years ago. As a result, some hedge funds are turning to green energy markets in search of price anomalies and arbitrage opportunities, William Rhode discovers…
Risk management
British Energy supplies around one-sixth of the UK’s power through its eight nuclear power stations and one coal plant.Prudent trading risk management has evolved in British Energy to optimisefinancial returns on the power generated by its nuclear fleet,…
Application of MFMC model to cargo dispatch
This month’s Masterclass looks at the use of a multi-factor, multi-commoditymodel to determine the optimal location for shipping a cargo,specifically the delivery of LNG. By John Breslin, Les Clewlow, Calvin Kwokand Chris Strickland
Valid Assumptions Required: delta-normal VaR
A delta-normal value-at-risk is one of the basic tools of risk management. Brett Humphreys discusses the assumptions associated with this calculation.
Unclear for US nuclear
Uncertainty surrounding the US government's role in project finance for new nuclear generation is threatening to hold back the renaissance. David Watkins reports
Rising suns
Asia's rapidly growing and energy-intensive economies are driving a global nuclear renaissance, writes Lauren Hilgers
A man with a mission
The future of Russian energy under president-elect Dmitri Medvedev largely depends upon his ability to navigate the country's Byzantine political climate, writes Robert Amsterdam
Building for the future
As US electric utility companies strive to meet soaring power demand, they are also coming under increasing pressure to lower carbon emissions. Richard McMahon of the Edison Electric Institute looks at how firms plan to meet these two potentially…
The rise or fall of CDM
European Commission proposals to limit the use of Clean Development Mechanism credits post-2012 came as a surprise to many carbon market participants. Kristian Tangen and Kjetil Røine of Point Carbon discuss the implications
Joining forces
After several false starts the Iberian electricity market, Mibel, finally launched last year, linking the power markets of Spain and Portugal. Andrew Holt looks at what changes it has brought about
Automating energy markets
Automation in physical energy markets - far behind that of financial markets - is now within striking distance, writes James Caffrey, VP Strategic Consulting, TradeCapture
A new generation of risk
The UK government recently committed to a new generation of nuclear power stations - the first in the UK for 13 years - funded by the private sector. Roderick Bruce examines the financial and regulatory risks facing potential stakeholders
Geared for growth
Gazprom Marketing & Trading's board of directors expounds on the company's history, its remarkable achievements, rapid growth in just a few short years and its plans for the future
Trading psychology
Psychology is a growing factor inenergy price movements requiringmore intelligent and even biologicallybased analytical systems, findsCatherine Lacoursière
Valid Assumptions Required: calculating correlations
Correlation measures are major drivers of value-at-risk. Brett Humphreys and Eric Raleigh review assumptions associated with calculating correlation.
Winning smiles
The winners of the Energy Risk/Risk Commodity Rankings attenda cocktail reception in London
Gaining from complexity: MFMC models
The Masterclass series continues with a discussion of a general multifactor,multi-commodity model. By John Breslin, Les Clewlow, CalvinKwok and Chris Strickland