Energy Risk - Energy Risk August 2013

Articles in this issue
Uncertainty rules in Australian electricity derivatives market
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 opportunities and uncertainty over plans to curb…
Ercot's Doggett on keeping the lights on in Texas
Despite worries about a shortfall in generation capacity, Trip Doggett, president and chief executive of Ercot, is proud that Texas has the liveliest deregulated power market in the US. He speaks to Alexander Osipovich
Europe's carbon market begins long road to recovery
A critical July 3 vote in the European Parliament has brought the world's largest carbon market back from the brink of collapse. But participants say structural reform remains necessary to secure its future – and this is a long way off. Mark Nicholls…
Liquidity improves in Canadian heavy oil derivatives
Trading in derivatives linked to Western Canadian Select (WCS) heavy crude oil has jumped in the past few years, giving the country's producers improved opportunities to hedge. But the lack of a unified WCS price index has made it difficult for liquidity…
Physical flows will foster changes to energy benchmarks
Growth in WCS derivatives volumes highlights continuous evolution of the energy derivatives market
Noble Group swipes E.on and JP Morgan heads
Morgan Stanley commodity marketing head leaves; APX names new chief executive; Citi expands European power and gas sales; Clean Energy hires senior energy trader; Barclays names head of US power and gas trading