Aquila outsources risk management expertise

Based in Kansas City, Radius head Jennifer Fisher claims the division has not been set up to bring energy deals to Aquila's trading floor, but to help firms without their own energy data or risk management to fully manage their energy risk and avoid pitfalls like those faced by some firms in the California energy crisis.

"With the price of natural gas and power changing almost by the minute, it's impossible for anybody to manage their energy risks, unless they have a trading organisation that can provide real, live knowledge of the market and have the risk management capability to analyse complex interrelated risks," said Fisher.

Radius will also help firms to develop risk management strategies, and offers its services on a pan-US basis, although it claims it can also help firms formulate a worldwide solution.

"We believe that effective risk management requires a combination of skills and capabilities: finance, actuarial, legal, accounting, technology, properly designed organisation and control processes, experience and common sense," said Fisher.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: