Power
On the potential of arbitrage trading on the German intraday power market
The authors compare ex post arbitrage trading with pair-trading on the German intraday power market and how each method may be optimised.
Energy Risk Awards 2023 winner’s video: Nodal Exchange
Paul Cusenza, chairman and chief executive of Nodal Exchange – winner of the 2023 Energy Risk Commodity exchange of the year award – discusses how his firm navigated the extreme conditions of the past year and how he expects power and environmental…
Enabling green choices despite market turmoil
Throughout recent market tumult, ENGIE remained committed to net zero, forging even closer connections with clients to fuel global growth
Energy Risk Commodity Rankings 2023: Axpo – the power of partnerships
In the face of recent extreme volatility and price hikes, the strong partnerships Axpo has with its clients has enabled both parties to weather the storm
Energy Risk Commodity Rankings 2023 winner’s video: Axpo
Following the firm’s strong performance in the 2023 Energy Risk Commodity Rankings, Axpo Solutions' Domenico Franceschino discusses the extreme market conditions of 2022, along with future expectations for the gas and power markets
Scaling up hydrogen production in France: learning rates versus economies of scale strategies
The authors investigate hydrogen production infrastructure in an effort to offer a vision for electrolyzer planning which avoids sunk costs at an early stage.
OTC share of EU gas derivatives surges to 25%
Energy price cap may supercharge flight from ETDs and affect CCPs’ ability to manage risks, Esma warns
Risk solutions house of the year: BNP Paribas
Risk Awards 2023: Liquidity swaps provided safety net for European utilities at height of energy crisis
Interpolating commodity futures prices with Kriging
A futures price’s term structure is built to account for trends and seasonality effects
EU plan to suspend power derivatives gets icy response
Proposal from energy ministers to ease collateral burdens blasted as “silly” and “terrible idea”
Esma to meet with clearing industry over EU energy crisis
Widening eligible collateral on table; ECB intervention would need government indemnities
Banks shock commodities by 1,000% in stress-test rethink
Energy price spikes force clearing firms to consider extreme or even ‘implausible’ scenarios
LGIM’s climate modelling shows ‘point of no return’ in 2025
Cost of limiting global warming to 1.5°C will become too great for economy within 36 months
How to tackle rising risk in European energy portfolios
Rising geopolitical risk in Europe is changing the energy landscape, adding new constraints and additional risks to gas and power portfolios. While Russia’s invasion of Ukraine is shifting supply-and-demand dynamics across Europe, regulatory shifts are…
Curbs on hedging threaten to short-circuit Bulb sale
Insolvent energy supplier is barred from holding long-dated forwards – which could deter potential buyers
Energy Risk Commodity Rankings: banks and brokers battle extreme volatility
Winners of the 2022 Commodity Rankings needed new approaches to manage extreme price swings
Energy market split over emergency government support
German move to backstop margins with liquidity facility welcomed by energy producers – but others say it’s unnecessary
Interview with Sarah Friar, chief executive at Nextdoor: part 2 of 2
Sarah Friar, chief executive at Nextdoor, says enterprise risk assessments are vital because, when done well, they are great mental models and helpful for playing out scenarios
UK Treasury urged to allow failed energy firms to hedge
Bulb can’t buy wholesale electricity and gas more than two weeks in advance, leaving it exposed to price hikes
SMFG reports highest power sector emissions intensity
Across all systemic banks, only eight dealers disclose their GHG emissions for this field
Losing their hedge: why so many UK energy suppliers went bust
Hedging strategies were powerless to protect firms from runaway energy price rises
Energy Risk Commodity Rankings: firms provide a lifeline in choppy waters
Winners of the 2021 Energy Risk Commodity Rankings supported clients in unprecedented times to be voted counterparties of choice
Nasdaq whacked with $36 million fine over Aas default
Swedish regulator’s fine poses serious questions over default management and margining, while providing few answers