Battling Blackouts with Accurate Renewable Power Forecasting
As a professional power market forecaster, you better believe that I hate to see instances of rolling power blackouts. Americans from California to New York are experiencing power interruptions this summer, which brings on loads of new market risks to individual consumers and businesses alike. Thankfully, the latest scare in California was manageable for utilities […]
Delivering Oil Price Transparency When It’s Most Needed
U.S. oil markets are rounding off one of the most volatile and dramatic decades in recent memory. Just since the end of 2014, we’ve experienced two major price downturns as well as a massive shift in global crude trade flows. The U.S. yielded so much oil output that it became the biggest producer globally and […]
Revived Market Volatility Changes Everything for Risk Analysts
The world is transforming before our eyes. New market realities at play for energy risk managers were unthinkable before the emergence of COVID-19 and risk management has never been more important to energy and commodity traders. From 2020 onward, the people who analyze price risk will throw away their old playbooks. Risk analysts must push […]
How Social Unrest Showed Up in NY Power Loads This Summer
Government-mandated closures aren’t the only thing cutting into power demand in New York this summer. Once the epicenter of the COVID-19 outbreak in the U.S., New York maintained strict closures and travel restrictions throughout April and May. Its shutdowns were swift compared with the rest of the country. As early as March 24, my team […]
Risk Analysts Take Note—High Oil Market Volatility is Here to Stay
2020 has been quite a roller coaster ride—and it’s not even halfway over yet. To be sure, in recent weeks WTI crude reached a little bit of oil price stability compared to what we have been experiencing. But by no means is market volatility in the rearview mirror. In fact, the kind of volatility WTI […]
How COVID-19 Will Impact Power Loads During Summer Peaks
U.S. power markets have endured a transformative two and a half months as school, business, and some manufacturing closures have swept across the nation due to COVID-19. A little more than two months ago, the PRT team was analyzing the first results of our COVID-19 power load demand destruction models. (I wrote about the challenges […]
MarketView Anywhere Links Remote Energy Traders to Markets
2020 brought on brand new challenges for everybody in the energy industry. Working from home set-ups were particularly challenging for traders and analysts who normally work in close proximity in trade floors. Our director of product management for MarketView, Sven Schoerner, sat down with ComTech Advisory to talk about the benefits MarketView as a data […]
Oil Markets in Crisis: Production Outlook and Outline for Recovery
By now, everyone reading this blog should be aware of the crisis in oil markets. If not, this week’s spectacular collapse of the May WTI contract almost certainly caught your attention. I’m not the first to say this, but it’s worth repeating: the WTI settlement of -$37.63 a barrel was the result of traders’ difficulty […]
Coronavirus Power Demand Destruction Forecasting 101
When the coronavirus power load demand destruction began appearing in Enverus Trading & Risk’s daily ISO load forecasts, our team had to quickly tackle a new set of realities. Just like businesses all over the world, we were faced with never-before-seen scenarios as a result of the nationwide shutdowns. Our machine learning-based forecasting tools have […]
Why Automated Forward Curves Matter to Energy Traders
Forward curves are an integral part of the trading & risk business across the energy industry. In a typical trading & risk organization, you’ll see a few different segments focused on forward curve management. Risk managers watch curves to manage their value at risk Traders evaluate curves to value their profits and losses on a […]