Organizational silos are problematic because they can lead to informational discrepancies between business departments which operate independently of one another. Data silos are extremely detrimental for two main reasons: their inflexible composition limits the amount of sharable resources, and they induce high operating costs due to a need for additional management personnel and large amounts […]
In recent years, there has been a growing worldwide effort to reduce carbon emissions. Many initiatives are in place to reduce or minimize the effect of carbon emissions, including the introduction of stricter energy and fuel efficiency standards; the development of carbon capture and storage (CCS) facilities; the development of alternative energy sources to coal; […]
The New York Independent System Operator (NYISO) was founded in 1999, a period of high electricity prices, in hopes that a more competitive marketplace would help bring the cost of electricity down (NYISO). Currently, the NYISO is responsible for the reliability of power generation and transmission in the state of New York. For over a […]
I began working at ZE PowerGroup Inc. (ZE) very recently. Although I still have much to learn about the complexities of data management challenges in the energy and commodities markets, I have been impressed by the scope of solutions ZE has developed to meet these challenges. I have also been impressed by the number of […]
We recently attended the European Energy Risk Summit in London, England. The main themes of the summit were the effects of the new market regulations in Europe (particularly EMIR and REMIT) and the impact and speed of change in technologies and data. Many of the key points raised by the speakers revolved around the disconnect […]
In part 1 of this blog, entitled Fireworks and Debates in the Regulatory and Risk World, Energy Risk Magazine Asia Conference panelists discussed the unintended consequences of new OTC regulations in prompting a switch from bi-lateral OTC trading to equivalent futures products – a trend dubbed ‘futurisation’. In part 2, we switch gears to discuss […]
I had the distinct honor of attending the Energy Risk Asia conference held in Singapore on September 26. The conference brought together risk managers, commodity traders, procurement officers, quantitative analysts, and exchange personnel from the energy industry, and, of course, data and analytics solution providers together for one day of intense presentations and industry roundtables. […]