The design of modern power pools is highly complex, creating plenty of opportunities for clever traders to profit by circumventing the rules, writes Vincent Kaminski
By mid-2014, the Regulation on Wholesale Energy Market Integrity and Transparency is expected to see European energy market participants reporting masses of information about their trading activity ...
Record $410 million settlement demonstrates zero-tolerance approach towards exploitation of market design flaws
A highly engaging intensive one-week programme designed to meet the demands of the risk professional by bridging the gap between theory and practice in financial risk management. Save your seat now: programme starts March 23rd 2015.
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Ferc penalties against Barclays and other banks expected to bolster compliance with market manipulation rules
Australia's electricity derivatives market had been picking up since the global financial crisis, but volumes have declined in recent years. Firms blame the slowdown on a combination of slim trading...
Supervisors must decide whether to include electricity in derivatives reform despite high prices and industry opposition
Energy prices are highly volatile and often feature unexpected spikes. It is the aim of this paper to examine whether the occurrence of these extreme price events displays any regularities that can be...
In this study, the price process for the four-week block futures contracts (traded between 1995 and 2003) and monthly forward contracts (trading since 2003) for Nordic electricity is tested for linear...
Power hedging activity could increase with rising prices and greater regional variation across the US
Ferc is now monitoring markets in near real time for evidence of manipulation, warns enforcement official
This whitepaper reviews the fundamental changes of Liquidity Risk Management under Basel III. It discusses how institutions can meet the regulatory requirements on liquidity risk management by enhancing their liquidity risk analytics, funds transfer pricing methodologies, liquidity stress testing frameworks, and enterprise risk management platforms.