Energy Risk - Volume7/No3
Articles in this issue
Natural gas storage: a market driver changes horses
Given the importance of natural gas storage figures to energy market traders and analysts, a change in the provider and timing of the data release is an event of some significance. Software provider Logical Information Machines reports
Discovering new frontiers
Joerg Engels and Volker Linde report on the changes Germany’s deregulated energy market will have to make as a result of the country’s banking act
Mean-reverting smiles
Commodity markets such as crude oil exhibit mean reversion as well as option smiles. David Beaglehole and Alain Chebanier meet this challenge, constructing a model suitable for pricing exotic options in these markets
Europe’s patchwork path to liberalisation
In the three years since the European Union’s Electricity Directive came into effect much has changed in Europe’s energy industry, but the industry is still far from achieving the goal of a pan-European energy market, as Matt Horsbrugh discovers
Utilities renegotiate to survive
For the past 10 years, Argentina’s privatised utilities have been icons of successful energy sector reform. But with the country’s deepening crisis, they face increased difficulties. What can investors do to mitigate such risks, asks Maria Kielmas
Mixed signals from the east
Flaws in Poland’s electricity regime have crippled Warsaw’s two-year-old power exchange. But Slovenia’s power exchange is faring rather better. Peter Joy reports
A cure for Enron flu
Brett Humphreys discusses recent events in the energy sector and the role risk managers can play in improving the industry
Worth waiting for?
Just over a year on from the delayed launch of the UK’s new electricity trading arrangements, prices have dropped to new lows. But just how low can generators go, asks Joel Hanley
