Five myths about the build or buy debate for energy risk and valuation models
Building additional risk and valuation functionality for existing ETRM systems is very often necessary, but decisions to develop it internally are often flawed, argues Chris Strickland
In the current climate of increasing regulation, where there is also a surge of oversight from credit rating agencies and from banks extending credit, energy market participants need more from their valuation and risk management functions in order to meet board expectations. However, as I discussed in my last article (see Where’s the RM in ‘ETRM’?, which appeared in Energy Risk’s July 2012 issue), companies are struggling with utilising their energy trading and risk management (ETRM) systems to
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