Can you imagine waking up in the morning and skipping the hot cup of coffee due to power shortage? Can you imagine skipping the hot shower due to power shortage? I can’t. But it could happen.
If you want to know what measures the British institutions have put in place to improve the current situation in the power sector, you should definitely read below.
Imagine you come to work around 7 am to prepare for the trading day. You expect a set of reports around exposures, PNL, MTM, etc to give you your starting positions and to help you make decisions what to trade today. They are missing. Someone in IT explains the End-of-Day has failed and it is re-run as we speak.
You take a sip of coffee and wonder whether to shout to someone. Then you go back to Excel and start to recover what happened yesterday to make sure you don’t trade based on wrong positions.
From the memories of a risk manager turned accountant: The concept of economic hedging (fixing a price over time in order to ensure predictability of future cash flows) is fundamental to a market risk manager’s job. My more than four years’ experience in this area did...
Snow is falling all around me children playing having fun..” Yeah, the winter is coming… I spent the last few of those in Italy as an end consumer and a power trader. Apparently, I have remained oblivious to the challenges of the deregulation progress in another...