Energy Risk - Volume7/No9
Articles in this issue
Who is left to manage risk?
New Frontiers
The Power Sector Model
New Frontiers
Capturing value from energy supply and trading
New Frontiers
Making sense of the new power market
New Frontiers
Quality data and solutions for a challenging market
New Frontiers
A safety net for energy traders
Will the Edison Electric Institute’s master netting agreement help reduce credit risk for energy traders? Kevin Foster takes a look at this new initiative
End of an era for GdF
Gaz de France is certain to lose its monopoly position – without it, what strategy can the gas giant adopt in a liberalised European market? Mickael Laurans reports
Power price discovery in Europe
Logical Information Machines’ Sandy Fielden compares different price discovery mechanisms in European electricity markets
Weather option pricing with transaction costs
The weather derivatives market is becoming more liquid, and dynamic hedging of weather options with weather swaps is now possible, though limited by transaction costs. Here Stephen Jewson investigates the effect of such hedging on option pricing
How much can you take?
Given recent events, energy firms need to fundamentally re-think how they estimate their risk tolerance. Maria Kielmas asks what has prompted this soul-searching
Entergy-Koch reaps the benefit
While its quiet discipline made Entergy-Koch Trading one of the less glamorous energy trading houses during the Enron boom years, its steady business model is now paying off, as James Ockenden reports
A mark-to-market u-turn
A reversion to the old, non-mark-to-market regime for accounting for energy trading contracts is changing the energy supply business, reports Catherine Lacoursière
Weighing up the options
The Brazilian energy market is set for more upheaval as the incoming president seeks a compromise between his campaign promises of greater state control over energy and the goal of attracting foreign investors into the sector. Maria Kielmas reports
El Paso helps RiskMetrics adapt
RiskMetrics Group, a company more often associated with the financial sector, is implementing its risk solution software at energy firm El Paso Corp. How is it adapting the software to the specifics of the energy sector? Kevin Foster reports
A long road to deregulation
Prospex Research’s Ben Tait reports on Spain and Portugal’s progress in integrating their power markets. High ambitions for deregulation are proving difficult to achieve
All clear for energy
Several organisations have brought over-the-counter clearing to the US energy markets over the past six months. Kevin Foster assesses their progress and asks whether they can all survive
FAS 133: increasing transparency
Standard & Poor’s Jack Kennedy and Neri Bukspan believe new Financial Accounting Standards Board rules for US energy traders will make it easier to measure a firm’s risk management ability, liquidity position and equity capital
