Operational risk
European power market: CWE's next challenges
The central-western European market is at the heart of power trading in Europe and is something of a blueprint for plans to create a single European electricity market. With market coupling progressing well, other challenges now need to be addressed,…
Dodd-Frank introduces technology challenges
Now that US regulators have set the clock ticking on Dodd-Frank, energy firms are sprinting to comply with the new rules. But adapting their legacy trading and risk management systems will be a significant challenge, Alexander Osipovich finds
The outlook for mobile energy trading
Could mobile technology revolutionise commodity trading and bring benefits to risk management, or is it more about offering convenience for individuals? And do the potential benefits outweigh the obvious risks? Jay Maroo investigates
Spotlight on post-trade reconciliation in energy markets
Advances in post-trade reconciliation processes have traditionally been slower in the commodity and energy markets than in other asset classes but are beginning to catch up due to improved technology and regulatory pressures, finds Gillian Carr
Airlines face regulatory uncertainty in US-EU emissions standoff
Legislation that would stop US airlines from complying with the European Union’s Emissions Trading Scheme (EU ETS) survived a key vote in Congress this week, casting further doubt on the EU’s efforts to bring non-EU airlines into the ETS and creating…
Corporate statement: energycredit
David Carruthers, managing director of energycredit, a Temenos company, discusses the raft of new reforms and regulation either proposed or recently implemented on both sides of the Atlantic. He covers the steps being taken by firms to prepare for this …
Reshuffle at RWE Supply & Trading
The management board at RWE Supply & Trading is set to undergo a shake-up following the resignation of Peter Kreuzberg, head of trading.
Lynda Clemmons joins NRG Energy
Lynda Clemmons, a pioneer in the field of weather derivatives and emissions trading, has been hired by NRG Energy to help run its green technology team
PFGBest bankruptcy fuels calls for stronger protection of customer funds
The collapse of Peregrine Financial Group, which comes just nine months after the bankruptcy of MF Global, has raised the pressure on US regulators to boost protection of customer funds held by futures commission merchants
US energy firms cheer CFTC decisions on ‘swap’ definition, end-user exception
The US energy industry scores a victory as the Commodity Futures Trading Commission finalises two key pieces of Dodd-Frank derivatives regulation, modifying its original proposals to ease the compliance burden on firms that operate in physical energy…
Turning points: OMV's Jeffrey Butrico
Expect a challenge in risk management but try not to be a nay-sayer when mitigating risk, Jeffrey Butrico, OMV’s head of corporate risk and insurance management, tells Gillian Carr
Energy Risk Awards dinners – Houston & London photo galleries
Energy Risk’s 2012 awards were presented in both Houston and London. A gala dinner was held on May 15 as part of the Energy Risk USA conference and the European winners celebrated at a ceremony in London on June 13
Special series risk management reporting: Where's the 'RM' in ETRM?
Energy trading and risk management (ETRM) systems tend to have far better ‘ET’ than ‘RM’ functionality, a problem that will only be magnified by the move towards increased regulatory oversight, writes Chris Strickland in the third article of this series
Strategic portfolio analysis - a new approach
Jim Fitzgerald and Andreas Gertsch Grover describe a new technique that allows energy traders and risk managers to play an important role in asset investment decisions
US biofuels: beyond ethanol
Growth in the US ethanol market is slowing as the government rethinks its support for the industry. What does that mean for biofuels traders and could ethanol’s pain be biodiesel’s gain? Alexander Osipovich reports
The growing complexity of energy market risk
The recent evolution and increased complexity of market risk has brought greater challenges and responsibilities to the risk manager in charge of market risk mitigation, finds Gillian Carr
Brazil’s electricity & gas markets
In this exclusive interview, the chief finance officer of Brazilian utility Cemig, Luiz Fernando Rolla, speaks with Gillian Carr about the development of the emerging Brazilian power and gas markets, and his company’s future plans
Trading positions – July 2012
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Future of European shale gas market on shaky ground?
The withdrawal of oil major ExxonMobil from its Polish shale gas activities in June has sparked debate as to whether European shale has a commercially viable future. Jay Maroo reports
Duke-Progress deal a win for alliances, nuclear power
The megamerger of Duke Energy and Progress Energy paves the way for more consolidation of US utilities and could boost the ‘nuclear renaissance’. Alexander Osipovich reports
JP Morgan probe highlights Ferc power trading crackdown
A lawsuit filed against JP Morgan by the Federal Energy Regulatory Commission is the latest example of the agency's tough, new enforcement stance
Assessing LNG market risk
Managing the risks of liquefied natural gas markets means being aware of market, credit, foreign exchange and systemic risk, writes Stephen Maloney. When correlations converge and with systemic risk ascending, agility might be the best strategy
Weather study finds that hedging improves firm value
Hedging programmes have a positive effect on a company’s share price and financial performance, according to a new academic study that examines the use of weather derivatives by US utilities