Energy Risk - Energy Risk - April 2010 issue
Articles in this issue
UK CRC brings opportunities and new risks for utilities
The April launch of the UK’s CRC Energy Efficiency Scheme brings with it more work and the need for more risk assessment for UK utilities, finds Katie Holliday
Mixed views on return to backwardated oil market
A tightening of the long-running contango in WTI crude oil prices has sparked debate about whether the futures price curve could soon swing into backwardation. Pauline McCallion reports
Iran’s nuclear standoff forecast to push up oil
As more companies pull out of trading deals with Iran, analysts predict oil prices will rise on the back of production contraints and geopolitical uncertainty, writes Lianna Brinded
Trading positions – April 2010
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Bullish data in China oil shop
With China’s seemingly unstoppable growth in oil demand fuelling speculation that it can only rise further this year, Lianna Brinded investigates how this will impact global supply and change trading relationships
Low US gas price spurs shale oil industry
The development of shale gas production in the US is expected to change the face of the natural gas sector but could it make similar waves in the US oil production industry? Pauline McCallion examines the outlook for US shale oil
Economic uncertainty adds to challenge of hedging in US power markets
Uncertainty has plagued the US power sector since the financial crisis. Although many believe an economic recovery is in sight, forecasting load growth continues to be a headache for those looking to manage risk in this market. Pauline McCallion reports
Aligning the interests of trading desks and refineries
The interests of trading desks may not always be aligned with the best interests of a vertically integrated company’s assets. Charles Ford discusses some approaches that address this issue
Focus on India: Power market regulation
Despite a growing will to liberalise power markets in India, progress has been slow so far. However, regulatory changes are finally moving the market towards better transparency and competition, finds Katie Holliday
Special report: India's energy derivatives market
Our Special Report for April focuses on India's nascent energy derivatives markets.
Building the blocks for energy risk management in India
The concept of using derivatives for risk management is still relatively new to utilities in India and viewed with caution by market regulators. Katie Holliday talks to market experts about how they expect the discipline of risk management to develop
Q&A with JP Morgan’s head of commodities for India
Indian businesses are keen to learn how to recognise their exposures to commodity price volatility and, in turn, manage that risk, says JP Morgan’s Rahul Eapen. He tells Katie Holliday why the varying levels of knowledge and understanding make the Indian…
Q&A with the director of UNFCCC’s Sustainable Development Mechanisms
The UNFCCC has the tough challenge of creating and monitoring a market-based structure to urge the world to resolve climate change issues. John Kilani, director of the UNFCCC’s Sustainable Development Mechanisms programme talks to Lianna Brinded
Risk management in vertically integrated energy companies
Once risk management is seen as more than just a control function, the business operations of vertically integrated energy companies present numerous opportunities, especially for hedging strategies. Jaime Román and Santiago Tejero of Endesa discuss
Pass the microphone: Preston to Cusenza
What have power trading and personal genetics got in common, and what are the advantages of a clearing house using VAR to calculate margin? Ben Preston, head of power trading at Macquarie Energy, puts his questions to Paul Cusenza, CEO of Nodal Exchange
Turning points: Chris Schlegel, risk manager with Southern Company
Chris Schlegel, risk manager with Southern Company, speaks to Lianna Brinded about the changing landscape for energy risk management amid the new global energy mix
Energy Risk - Commodity Rankings Reception - photos
Highlights from Energy Risk’s Commodity Rankings cocktail reception, held in London on February 25
Cutting Edge: Pure jump models for energy prices
Université de Lausanne’s Roberto Marfè investigates pure jump processes as modelling blocks for the distributions of energy returns under the pricing measure. An easy-to-implement option-implied approach is outlined, which circumvents most of the…
