Reckless prudence

Smyth, Ian; Hutson, Haley
October 2010
Utility Week;10/22/2010, Vol. 33 Issue 11, p20
Trade Publication
This article explores the spending practices of energy companies in Great Britain in 2010. It highlights the expenses in the management of risk such as credit and market risk. It stresses the need of utilities to assess risk correlation and aggregation to identify their risk exposure. The article also discusses the move of government-backed utilities to pursue speculative and physical trading strategies.


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