Energy transition
Index publishers’ woes endanger market transparency
Price reporting agencies have long warned of the consequences of overbearing regulation on their indexes. It now seems those prophecies are coming true
Is the financialisation of commodities being reversed?
In the past 30 years, a process of financialisation has drastically reshaped the energy and commodity sector. Now, it appears the level of diminishing marginal returns has been reached and that process is shifting into reverse, says energy market veteran…
US gas price reporting drop raises questions about indexes
Jitters about regulatory risk have caused a growing number of energy firms to stop reporting their US natural gas trades to Platts and other index publishers. As reported transaction volumes fall, can the indexes still be trusted?
Fall in US gas hub liquidity hampers derivatives market
Surging shale gas production in the northeast US has undermined Platts’ Gulf Coast indexes and derivatives contracts that rely on them
Direct Energy CFO sees change as the only constant
Andrew Sunderman, the chief financial officer of US energy retailer Direct Energy, has seen it all - financial crises, market meltdowns and political upheaval in Africa
Q&A: Ercot's Doggett on wind power surge and EPA rules
Texas has emerged as a leader in renewables, forcing the Electric Reliability Council of Texas (Ercot) to improve its forecasting and consider changes to the way its electricity market operates. Trip Doggett, Ercot's outgoing president and chief…
Infrastructure funds focus on de-risking energy investments
As energy companies face a tough time gaining access to capital, a growing number of them have found relief from infrastructure funds and other investors keen to snap up low-risk, low-yielding assets. Three such investors outline their approach
Video: E.on Global Commodities CRO David Port
Port comments on how risk management will be affected by Uniper spin-off
Nasdaq energy futures face liquidity challenge
New energy futures exchange seeks to win market share from CME Group and Ice with cheaper lookalike contracts, but traders say it faces an uphill battle to attract liquidity
Video: Uwe Schulz, CRO of RWE Supply & Trading
Schulz speaks about threats and opportunities facing European utilities
Video: Alberto Pototschnig, director of Acer
Acer director talks about progress on Remit and power market coupling
Video: Centrica chief risk officer Olivier Herbelot
Herbelot discusses how the UK power and gas giant manages its risk
Energy firms concerned by Mifid II ‘ability test’
The definition of a financial instrument under Mifid II and the structure of two key exemptions are worrying energy trading firms such as utilities
Video: Enron 'best' and 'lowest' career moment, says Kaminski
Vincent Kaminski opines on topics including the "best" and "lowest" moment of his career, financial regulation, oil fundamentals and European energy markets in a wide-ranging interview filmed at Energy Risk Summit USA
Cutting Edge: Co-simulation of risk factors in power markets
In this article, Jialin Zhao and Sang Baum Kang propose a simple but realistic model to co-simulate the time series of three risk factors: temperature, electricity load and prices. In addition, the authors provide load-serving entities with a…
Goldman Sachs names global commodity sales head
Castleton appoints Mercuria CIO; Natixis recruits commodity co-head; Logler joins TrailStone; VTB Capital hires commodity head; Maersk Oil names top marketer
Italian refiner seeks boost from supply and trading unit
Italy’s Saras is taking advantage of a well-supplied crude market and the flexibility of its Sardinia refinery to seek out trading opportunities, but challenges loom in the form of onerous financial regulations and the structural difficulties of Europe’s…
Energy market liquidity faces threat from regulation
Financial reforms such as Mifid II could undermine years of progress by governments, regulators and industry aimed at building liquid and transparent European energy markets
Report highlights decline in US gas price reporting
Fewer US energy firms are reporting gas trades to Platts and other index publishers, amid shifts in market structure and fears of regulatory risk
Mifid II adjustments fail to ease energy firms' worries
Energy firms such as utilities are fighting hard to avoid being regulated under Mifid II and having to comply with onerous EU financial rules. But despite last-minute changes to regulators’ proposed technical standards, the chances of escape appear slim
Trading calendar spread options on energy futures
This excerpt from the new CME Group white paper on calendar spread options (CSOs) explains what CSOs are and how they are used in crude oil and natural gas markets.
Energy trading technology moves gradually into the cloud
Energy trading and risk management (ETRM) software is gradually starting to make use of cloud computing – a move that could improve the efficiency and capabilities of ETRM systems while also reducing costs, say consultants and market participants
Market participants worry for European energy liquidity
Banks, energy firms and regulators expressed concern about the impact of regulation on EU energy market liquidity at Energy Risk Summit Europe on June 24 and 25
Intervention isn't needed to secure flexibility in power
Germany needs flexibility to cope with increasing volumes of intermittent renewable power. Contrary to some of the solutions that have been mooted in response, Steffen Köhler of EEX argues the best way to achieve flexibility is by working with market…