Enterprise risk
Tricorona purchase aimed at bolstering Barclays' CER portfolio
Barclays' $143 million bid for Tricorona should provide the bank with value all along the emissions supply chain
Energy market correlations: have they changed permanently?
Have traditional energy market correlations changed permanently as a result of the credit bubble bursting and how will this impact trends in price forecasting and modelling? Pauline McCallion reports
Turning points: Nick Cioll, CRO, CFO of TriEagle Energy
Nick Cioll, CRO and CFO of TriEagle Energy, speaks with Pauline McCallion about the turning points in his career that led him to blending his skills in finance and energy risk management
A new direction for weather derivatives
Specialised quanto products are now driving demand in the weather derivatives markets. Alex Davis looks at why this is the case, and how improvements in data provision are making this possible
FOA: Details of new infrastructure derivatives rules expected shortly
European Union regulators to clarify controversial new derivatives and central clearing rules in a new regulation rather than previously intended directive, avoiding lengthy and politically sensitive procedure
Q&A with Claudio Machetti, chief risk officer of Italian utility ENEL Group
As Europe’s second largest power company, Enel has risk management strategies that are far more sophisticated than those of most Italian power participants. Katie Holliday talks to the company’s chief risk officer, Claudio Machetti
Trading positions – June 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Gensler calls for end to financials’ information advantage
CFTC chairman supports trading requirements in both versions of the financial reform bill that would benefit derivatives users rather than Wall Street banks, but calls for tighter exemptions to prevent systemic risk
Reuters to buy Point Carbon
Thomson Reuters to acquire carbon emissions information provider Point Carbon
Credit Suisse: Oil range-bound for next three years
Crude oil prices will stay range-bound over the next three years, due to substantial Organization of Petroleum Exporting Countries (OPEC) spare capacity, growing global demand and significant financial flows, says Credit Suisse’s head of global…
“Questionable” CERs add to post-2012 uncertainty
Carbon experts warn that HFC-based carbon offset credits could lose value in third phase of EU ETS
Kyoto suspension will disadvantage Bulgarian compliance companies
Bulgaria's emissions trading suspension set to impact companies trading on EU ETS
New SocGen commodities strategy expected by year-end
Société Générale plans to have fully integrated a new power and gas trading strategy by the end of 2010 after announcing the sale of its 49% stake in the 10-year Gaselys partnership with GDF Suez yesterday.
Iraq seals oil deal with Kurdistan
The Iraqi government has resolved the longstanding oil dispute with Kurdistan, signalling a short-term increase in oil exports, while the prospect for a petroleum law, which would detail revenue and expense allocations for foreign energy companies in…
Duke Energy refuses to disclose cap-and-trade lobby spend
Shareholders have failed to force Duke Energy to detail its lobbying spend in support of the US Government’s carbon cap-and-trade plan.
Corporate statement: New technology is changing the way companies manage ETRM software
Pioneer Solutions’ president, Uday Baral, discusses how the needs of ETRM users are being met by the dynamic and efficient service his company offers
Industrials to be granted OTC derivative exemptions
While the EC considers exempting non-financial energy users from clearing obligations, Katie Holliday speaks to industry experts about what impacts they think this move may have
Trading positions – May 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Cutting Edge: Measuring the risk of Financial Transmission Rights
In this month’s article, Ning Zhang proposes a semi-parametric approach to calculate the risk of FTRs/TCCs portfolios whose risk is hard to capture by using standard VaR methods. The major specialties of FTRs/TCCs – such as non-normality and seasonality …
Pass the microphone: Nodal’s Cusenza to LCH.Clearnet’s Grensted
In this month’s Pass the Microphone, Paul Cusenza of Nodal Exchange puts his questions to Simon Grensted, Managing Director, Business Development, at LCH.Clearnet
New approaches to energy credit risk management
The aftermath of the financial crisis led to some innovative approaches to tackling energy credit risk. Pauline McCallion looks at developments and asks whether proposed US and European regulation will help or hinder innovation in this space
US power market concern over FERC credit reforms
The US FERC’s recent move to standardise credit policies across the US power market has led some participants to question the application of a ‘one size fits all’ approach across the organised wholesale markets. Pauline McCallion reports
Interview: Darrell Duffie on credit risk modelling
Stanford University’s credit risk expert, Darrell Duffie, talks with Katie Holliday about changes in the modelling of credit risk within energy markets since the financial crisis