Energy transition
Looking back: Neta set to change UK power market
The UK power market currently faces severe criticism, but when the present market structure was launched in March 2001, it was heralded as ‘ground-breaking’ by industry observers
Mexico to rein in CFE and Pemex market power
Regulators will not allow state-owned electricity and oil and gas companies to abuse their dominance and stifle private competition, says CRE commissioner
US energy firms cheer regulators’ shift on margin rule
In an about-face, the Fed and other bank regulators exempt non-financial end-users from requirement to post margin on non-centrally cleared swaps
Marex Spectron global head of energy departs
Marex Spectron picks Jeremy Elliott and Hunter Baldwin to replace Gordon Bennett, its global head of energy, who has left the broker after 12 years
Energy firms face Emir confirmation challenge
A looming deadline for confirming OTC derivatives is expected to cause problems for smaller energy firms, which may find themselves blocked from trading with bigger counterparties
Technology special report
Derivatives trade reporting, CpML, and the increasing use of governance, risk and compliance software by utilities all feature in this exclusive special report by Energy Risk
CpML to foster standardisation among energy traders
First developed by Efet, CpML is a standardised language for the storage and exchange of commodity data, which could help reduce the industry’s high levels of operational risk. As a new standalone entity takes over the running of CpML, Filip Sleeuwagen,…
Energy Risk 20-year rankings
Since 1994, Energy Risk has ranked the top dealers and brokers in commodity markets in conjunction with sister publication Risk. Here, we present the industry’s top-ranked firms for the past 20 years
Energy firms eye opportunities in Mexican power
International energy companies hope to prosper from Mexico's programme of energy reforms, which includes the creation of a wholesale spot market in electricity
European gas trading boosted by uncertain outlook
Volatility in European natural gas is soaring due to upheaval in Ukraine and an unusually high amount of gas in storage, prompting a rise in hedging and financial trading
CFTC quietly amassing data on natural gas swaps
Numerous energy companies have received special calls from the CFTC in the past year, say lawyers, but the reasons for the agency's interest remain murky
Energy firms rely on patched-up solutions for reporting
Under new rules in Europe and the US, energy firms have to aggregate trade data from a variety of internal sources and report it to repositories. While it was hoped this process could lead to wider improvements in analytics, risk management and…
Power companies slam New England reliability plan
Electricity companies are criticising "unreasonable" and "discriminatory" measures designed to keep New England's lights on during the coming winter, arguing in favour of a longer-term fix
Cosgrove moves into ethanol trading after GFI
After a three-decade career in energy brokerage, Michael Cosgrove has reinvented himself as an ethanol trader. Alexander Osipovich finds out why
German renewables shift welcomed by energy firms
A push to increase the number of German renewable energy producers that directly market their output has received a positive reception from energy trading firms, which are likely to benefit from the changes
Tougher UK Remit sanctions to be felt across EU
Proposed UK criminal penalties for manipulation and insider trading under Remit would have "very broad" effect across European energy market, according to lawyers
Energy firms fight for right to hedge at portfolio level
CFTC position limits rule could limit the ability of energy firms to hedge, unless they aggregate commodity derivatives positions held across disparate business units
UK power market investigation overshadowed by EMR
A Competition and Markets Authority (CMA) probe into the UK power market, which may result in a radical shake-up of the sector, is coming amid major changes to the industry under Electricity Market Reform. How the CMA reconciles this will be closely…
US utilities invest in shale gas wells as long-term hedges
Florida Power & Light becomes latest US utility to pursue acquisition of natural gas production assets as risk management strategy
Ercot ‘small fish' rule criticised amid CFTC probe
Amid consternation over the activities of GDF Suez Energy North America in the Texas power market and an investigation by the US Commodity Futures Trading Commission, some market participants are questioning the legal protection afforded to smaller…
Bespoke OTC reporting a struggle for energy firms
European energy trading firms say they are finding compliance with Emir trade reporting rules onerous and heavily reliant on manual intervention, particularly when it comes to non-standard trades
John Arnold looks back at 17 years of energy trading
In an exclusive interview, John Arnold talks to Alexander Osipovich about the extraordinary success of his former hedge fund, Centaurus Advisors, the difficulty of hiring good traders and why he walked away from energy trading after 17 years
Energy markets need more than second-hand credit models
In the energy markets, models transplanted from financial markets often fall down when it comes to credit risk. This occurs for a variety of reasons, not least because energy markets are prone to seismic institutional and technological shifts, argues…
Energy Risk unveils lifetime achievement award winners
Energy Risk has named the winners of its 20th Anniversary Lifetime Achievement Awards – a special one-off prize recognising 20 individuals who have contributed to the development of commodity trading and risk management