CONTENTS Foreword World Power Markets World Power Generation


World Energy Markets Map Section 1: Power Dynamics


Power Connections The Foothills of Economic Recovery


What Does Exchange Trading Bring To Power Markets?


Transparency in Energy Markets Smarter, Not Harder – The Way Ahead for Utilities


Section 2: Trading & Risk Management Energy Risk & Trade Management


Integrated Risk Modelling for Trading & Hedging Decisions


The European Gas & Power Option Market The Value of Starting-Up The Power Plant WorldPower WorldPower WorldPower WorldPower World Energy Council Black & Veatch Corporation


NASDAQ OMX Commodities (N2EX)


Dr. Alessandro Clerici & Elena Virkkala Nekhaev


Stephen A. Stolze


Mikael Lundin & Geir Reigstad


European Energy Exchange AG EEX CapGemini James Forrest Guy Isherwood 1 4 8 10 12 19 25 28 31


Trayport NQuantx Gaselys Kyos Energy Consulting


Anthony Bordin


Carlos Blanco & Michael Pierce


Franck Schuttelaar Cyriel de Jong,


Dirk van Abbema, Henk Sjoerd Los & Hans van Dijken


Collateral, Cash Flow & Earnings at Risk Section 3: Technology


Holistic Risk Management Requires Robust Technology


Energy Scenario Management WorldPower WorldPower Reducing Costs & Improving Risk Management Trayport Eliminating Spreadsheet Risk: Kill or Cure? Publisher Contact Details


Isherwood Production Ltd. 39 Thurloe Place London SW7 2HP


United Kingdom www.commodities-now.com T: + 44 (0) 20 7584 0000


Baringa Partners


Editor: Guy Isherwood E: gish@commodities-now.com


Production Director: Lizzie Kaye E: lizziekaye@commodities-now.com


Sales: Charlotte Sones E: char@commodities-now.com


Guy Isherwood Richard Everett Stuart Cook Sales: Anna Liza E: anna@commodities-now.com


Office Manager: Maureen Martin E: mo.martin@commodities-now.com


62 66 70 73 NQuantx Carlos Blanco 55


34 37 42 48


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