Market risk
Two hubs or one?
Independent traders are desperate for a hub that will provide real liquidity and help force the Ruhrgas-dominated German natural gas market to open to competition. Peter Joy reports
Opening up Germany’s gas market
The German government has yet to step forward and commit to the European objective of an internal market for natural gas. Dr Jörg Spicker of Aquila Energy GmbH says now is the time for action
Weather risk solutions
The weather risk management industry is showing encouraging development around the world. Element Re outlines its strategy for keeping up with the growing needs of the market-place
Knowing your limits
Value-at-risk limits are widely used risk management instruments. But issues over the allocation of Var limits remain, says Brett Humphreys
Not just a quick fix
Real options are an accepted risk management technique in the energy sector. Kevin Foster takes a look at how are they being used and what factors are affecting their development and implementation
When the wind doesn’t blow
In light of the increased interest in investing in renewable energy following the publication of the EU renewables directive in September, David Pethick, Rebecca Calder and Chris Clancy suggest a method of reducing wind risk
Facing up to the brave new world
US firm Xcel Energy is coming to terms with new market realities in the US – and not wholly as a result of the Enron factor. Don Stowers profiles the company
Going OTC with forwards and swaps
Continuing our series of risk management tutorials, this month Dan Rowe look at swaps and forward contracts in the over-the-counter market
Going to extremes
With regional generating capacity in the US having to tackle temperature extremes, software provider Logical Information Machines looks at Pennsylvania-New Jersey-Maryland market data history to suggest how we might forecast such extremes
Airlines tackle price turbulence
Industry woes force airlines to get serious about improving efficiencies, including implementing new hedging and procurement tools, as Don Stowers discovers
A hedge by any other name
It is one of the most commonly used phrases in risk management parlance, but what exactly is meant by the term ‘hedge’? Here we propose a new definition. By Brett Humphreys
Ripples from a big fish
What effect has the fall of Enron had on the energy sector? Energy market information specialist FAME Energy offers a brief analysis of the state of the industry
Trading software: tailored to maturity
It is critical that an energy company looking to acquire risk management and trading software be aware of its current as well as future needs. By Fred Cohen and Satyan Malhotra
Setting a new pace
‘Broken records and shattered dreams’ was the headline for last year’s exchange review – but it could easily have been appropriate for this year’s. Certain exchanges have reported stellar growth, while others are suffering, for various reasons. By Joel…
Filling the energy void
The market for the trading standard energy blocks online is one of the most highly contested, but with new exchange E-lecTrade the focus switches to structured products. By Don Stowers