Energy Risk - 2006-09-01
Articles in this issue
Interview - Czech power
The best performing European utility stock, with growth of 260% in the last 24 months, Czech Republic power company CEZ aims to be market leader in the power markets of central and south-eastern Europe. Alan Svoboda, executive director for sales and…
Carbon funds - Here come the funds
While government-run procurement funds were the first to establish themselves in the carbon market, more and more private sector funds are now bringing investment capital into the sector. Oliver Holtaway reports
Auctioning - Carbon under the hammer
As the EU emissions trading scheme gears up for its second phase, countries are deciding how much of their allocations will be auctioned. Oliver Holtaway reports
Bright forecast for weather derivatives
To attract more corporate end-users, purveyors of weather derivatives are creating new products in search of the perfect hedge, as Catherine Lacoursiere finds
Making green with ethanol
Financial investors and commodity traders are paying closer attention to the US corn crop, due to the potential impacts it may have on the growing ethanol market. Daven Voorhies explains
Vultures in Congo
Energy companies have long accepted a degree of country risk when investing in developing nations. But oil and gas companies now face a new threat to their international investments - and its origins lie closer to home. Andrew Derman, Andrew Melsheimer…
European gas - Battle of the brokers
Boutique environmental brokers walked the European market through the early days of emissions trading, but as traditional money and energy brokers move into this increasingly commoditised market, how will the early educators continue to compete? asks…
Kick-start for coal futures
Ice Futures and the European Energy Exchange have gone head-to-head in the latest attempt to kick-start coal derivatives trading. Oliver Holtaway investigates
US emissions - State of play
Point Carbon's Veronique Bugnion takes a look at the scope and timeline for the carbon emission cap-and-trade programmes on the drawing board in the US
Case study - Do-it-yourself power
The Russian aluminium giant RUSAL aims to achieve 50% energy self-sufficient by 2013. It is partnering with governments and large players on hydro-projects in eastern Europe and central Asia and wants to move forward as both an energy and a metals…
Amine Bel Hadj Soulami
Amine Bel Hadj Soulami talks to Stella Farrington about his rise to global head of commodity derivatives at BNP Paribas
Case study - A newcomer's view
Already present in the power markets of Slovakia, Bulgaria and Romania, Italian power utility Enel sees eastern Europe as ripe for physical acquisition and market participation. Enel's Fabio Mezzetti and Tatiana Glouchtchenko talk about the risks and…
Delta hedging the load-serving deal
In this article Andrew Klingler takes a closer look at the residual risk when a load-serving contract is hedged with forwards. The residual risk components are described quantitatively and a formula for the minimum variance hedge is outlined
Obstacles - Growing pains
Eastern European power markets have experienced rapid growth since liberalisation at the start of this decade, but there are still many obstacles impeding the market's development, finds James Ockenden
