Tags: C/ETRM, energy industry, energy regulation, Energy Trading and Risk Management-ETRM, ETRM, ETRM software, Europe, Pioneer Solutions, Power, REMIT, TRMTracker
Wholesale energy markets have never been easy and when global deregulation started over 20 years ago, energy trading became more complex giving rise to information technology solutions to address the risks with energy trading: Energy Trading and Risk Management (ETRM) systems.
It was essentially the first message that the use of ETRM systems was the prudent way to help market participants manage complex risk scenarios and effectively trade and manage energy transactions from trade capture to delivery and settlement. Following several years of economic hardship due to the 2008 global financial crises, market participants now face an environment of ever-emerging rules, the effects of renewable energy and competitive pressures.
It is with an effective ETRM system that market participants can respond to three main challenges: Increasing complexity and workload, contain operating cost, and regulatory requirements.
Tags: C/ETRM, energy industry, ETRM software, REC software, RECTracker, REMIT, risk management, Risk management software
Market demand for renewable energy continues to grow due to governmental programs, increasing corporate initiatives as well as households voluntarily choosing to purchase ‘green’ energy. Consequently, the volumes of Renewable Energy Certificates (RECs) guaranteeing that the electricity was produced from a renewable energy resource are swelling.
Apart from the management challenge of tracking RECs and monitoring exposure, those types of certificates that are tradable carry a value and must be settled and reported. This calls for automation of the end-to-end process, from generation to expiration or retirement. Pioneer’s RECTracker provides a robust solution from inventory planning to accounting. Time to ‘renew’ your RECs/GOs management system?
Tags: EMIR, Gas Trading, LNG, MiFID, Power Trading, REMIT
EMART Energy 2014
Pioneer Solutions will be attending EMART Energy 2014 November 5th & 6th, in the Netherlands, along with more than 850 senior level industry professionals. Featuring more than 70 leading expert speakers, this event aims to give a “bird’s eye view” of the current environment of traded markets and forecasts for where they’re headed.
Tags: EMIR, Energy Market, Energy Risk Summit Europe 2014, MiFID II, Pioneer Solutions, regulatory compliance, REMIT, risk management
Energy Risk Summit Europe 2014
It’s hard to stay on top of the constantly shifting variables of energy markets, and with the assured implementation of stricter regulatory policies in the near future, it’s not getting any easier. That’s why Pioneer Solutions will be attending the 17th annual Energy Risk Summit Europe this year, in London, from September 30th to October 3rd. This conference, hosted by Energy Risk, is geared towards all energy professionals who want to learn more about regulatory policies (EMIR, REMIT, MiFID II) as well as risk management in European energy markets.
Tags: Compliance management software, Compliance solutions, ComplianceTracker, dodd frank, EMIR, energy regulation, ETRM, eu regulation, Pioneer Solutions, REMIT
How Can C/ETRM Compliance Solutions Help My Business?
With regulations such as Dodd-Frank, the European Market Infrastructure Regulation (EMIR), and the Regulation on Energy Market Integrity and Transparency (REMIT) continuing to impact energy and commodity trading operations this year, most businesses have found themselves adding “compliance ready” to their list of C/ETRM system requirements.
Tags: ccp, central counterparty, Compliance software, ComplianceTracker, counterparty risk, Dodd-Frank Act, EMIR, MiFID, operational risk, OTC compliance reporting, OTC derivative, Pioneer Solutions, REMIT, Trade Repository
When the credit crisis was evaluated during the G20- summit, the over-the-counter (OTC) derivative market was flagged as one of its primary causes. For this reason, the Dodd-Frank Act (US) was born. In Europe, the European Market Infrastructure Regulation (EMIR) and and the Regulation on Energy Market Integrity and Transparency (REMIT) were developed, along with several other regulations.
With regulations like the Dodd-Frank Act, EMIR and REMIT continuing to impact energy and commodity trading operations this year, many are wondering how organizations that operate in the European arena will be affected. The following is a discussion of how EMIR will affect the European Union and how your organization can be prepared.
Tags: 2013, compliance tracker, CTRM, Dodd-Frank Compliance, EMIR, Energy Risk, energy risk rankings, energy risk software survey, Environmental Compliance Solutions, etrm budgets, Pioneer Solutions, regulatory compliance, REMIT
Energy Risk recently released the results of their 2013 Software Survey and Rankings. In these results, ETRM software vendors were ranked in several different categories on a variety of capabilities. (For Pioneer’s results, click here.)
In addition to surveying participants on vendor capabilities, the survey also gathered information from respondents about their plans and preparedness on certain issues. This year, the big topics were budget and regulatory compliance.
Tags: basel iii, Dodd-Frank Act, Dodd-Frank trial, EMIR, energy industry, energy regulation, ETRM, greenhouse gas emissions, japan nuclear power, Pioneer announcments news and events, Pioneer News, Pioneer Solutions, REMIT, renewable energy, state of the union
Welcome to February’s Top 10 Energy & Risk News Highlights.
The goal of this series is to briefly showcase the top news stories each month for the Energy, Trading, and Risk Management industries. These stories come from some of the industry’s best resources spanning from Bloomberg Businessweek to Oilprice.com.
As you may notice this month’s blog focuses a great deal on government and regulations such as EMIR, REMIT, and Dodd-Frank. These continue to be hot topics both in Europe and the US.