Wells Fargo to offer electricity price risk management, RECs

In what is believed to be the first hedging programme offered by a major US bank to middle market companies with an annual electricity expenditure exceeding $1 million, Wells Fargo says that it intends to provide electricity hedges to help companies manage electrical pricing in concert with their physical supply contracts.

The bank currently offers interest rate, equity, credit, natural gas, metals, fuel and agricultural risk management products to its wholesale customers.

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