Clear intentions

The Alberta Watt Exchange in Calgary is already clearing over-the-counter electricity contracts and from next year will be able to clear natural gas as well. But how much liquidity will it attract? Joe Marsh reports

Calgary is fast becoming to Canada what Houston is to the US: the energy centre of the country. It is home to the 10-year-old Natural Gas Exchange (NGX) and power exchange the Alberta Watt Exchange (Watt-Ex), and Houston-based energy hedge fund Centaurus opened an office there in August.

And the Watt-Ex is expanding its remit – from the start of 2005, it will be able to clear not just over-the-counter (OTC) electricity contracts, as it started doing this year, but also physical and financially

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

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