degree day

US energy company Star Group (formerly Star Gas Partners) has benefitted from its weather derivative arrangements again in the first-quarter of 2023, recording a full recovery under the terms of the degree day contract it has in place.

The warmer than average winter, which has been responsible for a number of reports of losses to weather exposed businesses and a growing interest in weather derivatives and weather risk management tools, also reveals some of the weather hedging winners who had protection in place against the unseasonably warm weather. A good example of this […]