ERM® Energy Risk Management

Overview of the energy industry structure

Key players and companies within the energy value chain

Types of energy companies (integrated, specialty, etc.)

Physical energy markets (crude oil, natural gas, electricity, etc.)

Financial energy markets (futures, options, derivatives, carbon markets)

Identification and analysis of energy-related risks

Market, credit, operational, liquidity, political, regulatory, and reputational risks

Risk categorization and prioritization

Diversification, long-term contracts, insurance, and financial derivatives

Volatility management strategies and credit rating analysis

Value-at-Risk (VaR) and other risk metrics

Scenario analysis and stress testing

Correlation and dependency analysis

Hedging strategies for energy markets

Hedging instruments and their application

Effectiveness of hedging in managing price risk

Operational risk identification and assessment

Operational risk management frameworks and processes

Scenario analysis for operational risks

Liquidity risk concepts and types

Liquidity risk management framework

Liquidity metrics and measurement