Analysis
Building a bridge to Var
Value-at-risk (Var) is a technique often applied to the energy industry. But there are limitations to its use. Here, Leslie McNew aims to bring these limitations to light, and thereby give practitioners confidence in the use of Var
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
Quantifying technical analysis
In the last of our series of tutorials on risk management tools, Richard Weissman provides an overview of technical analysis for the energy business
Enron’s online after-effects
Recent highly visible events in the US, including the Enron failure, the California electricity crisis and market power rulings by the government have all created considerable tumult and uncertainty, which are bound to have repercussions
Hedging ahead
Continuing our series of tutorials on risk management tools, Dan Rowe looks at how physical positions can be hedged with exchange-traded futures and options contracts
Dealing with price risk
FAME Information Services outlines the main issues currently affecting power prices and looks at how companies should be covering themselves against the risks posed by the continuing process of deregulation
Going to extremes
With regional generating capacity in the US having to tackle temperature extremes, software provider Logical Information Machines looks at Pennsylvania-New Jersey-Maryland market data history to suggest how we might forecast such extremes
Going OTC with forwards and swaps
Continuing our series of risk management tutorials, this month Dan Rowe look at swaps and forward contracts in the over-the-counter market
In the right direction
In this, the second of a two-part series on advanced options, we look at the concept of directional strategies and consider various methods of employing them. By Doug Coyne
Ripples from a big fish
What effect has the fall of Enron had on the energy sector? Energy market information specialist FAME Energy offers a brief analysis of the state of the industry
European gas hub trading:developments and risks
Energy market information specialist GlobalView Software takes a look at trading patterns at the developing European gas hubs and considers the risks in hedging spot trades at these hubs
Advancing the option idea
Continuing our series of tutorials on risk management tools, here, in the first of a two-part article, we look at the workings of advanced option strategies. By Doug Coyne