Energy Risk - Volume7/No1
Articles in this issue
At the end of the tail
When fat tails are present, extreme value theory provides a framework for estimating value-at-risk at higher confidence levels with greater accuracy than traditional Var methods. Naveen Andrews and Mark Thomas explain
Covering the threat
Since September 11, energy companies have had to re-assess the threat of terrorist attack. Despite the insurance industry introducing new terms and products, some companies remain unprotected, as Joel Hanley discovers
Building blocks for complex probability distributions
Brett Humphreys demonstrates how to construct more accurate return distributions and use them to price options
Counterparty concerns
Following the California crisis and the fall of Enron, energy firms are finally paying more attention to credit risk. Here Fred Cohen, Satyan Malhotra and Rafael Cavestany present some overarching issues senior management must address in implementing an…
Stand-off over hub plans
German firms Ruhrgas and BEB Erdgas & Erdöl and Norway’s Statoil say they want to work with Gasunie on developing the northwest European natural gas trading hub. Gasunie is making similar noises. So why the separate plans, asks Peter Joy
Dealing with price risk
FAME Information Services outlines the main issues currently affecting power prices and looks at how companies should be covering themselves against the risks posed by the continuing process of deregulation
Pause for thought?
Electricity deregulation in Ontario promises to avoid the price hikes and power shortages seen in some markets. So why are end-users unhappy? Kevin Foster reports
Navigating a troubled road
Don Stowers finds the online energy trading market place as competitive as ever, with several new platforms ready to enter the fray
Many are called, few are chosen
The market for power trading technology in Europe is mirroring the energy industry in the intensity of its competition. Benjamin Tait reports
Hedging ahead
Continuing our series of tutorials on risk management tools, Dan Rowe looks at how physical positions can be hedged with exchange-traded futures and options contracts
