weather hedging

On a regular basis we see news articles discussing weather events which have caused losses to corporations which may have been better protected through weather risk management techniques rather than their standard business interruption insurance policies. The latest case to hit the news in recent days is the damaging hail storm which hit Denver airport […]

The second quarter of 2011 has been good for wind energy producers across the bulk of the U.S. after wind speeds have been reported to be generally elevated above normal across much of the country in a report from 3TIER®, a global leader in renewable energy risk analysis.

At the recent Weather Risk Management Association’s (WRMA) 13th annual meeting held in Houston, Texas earlier this month participants on a panel about power and natural gas agreed that the energy markets continue to be the primary users of weather hedging and weather risk management tools.

The weather derivatives market while not receiving a huge amount of press in the last year, has been quietly growing in size as end users of weather derivatives and associated weather risk management tools increase in number and diversity. The Weather Risk Management Association has announced the results of their latest survey of the weather […]

A really interesting new weather risk hedging product designed to help the wind power industry hedge the financial risk of wind variability has just been announced in a joint statement by renewable energy risk analysis firm 3TIER® and Galileo Weather Risk Management. They’ve collaborated to create a financial instrument that could have a huge impact […]

Swiss based weather derivatives and risk management specialist CelsiusPro have announced the launch of a new pricing platform for distribution partners and new test accounts at the Weather Risk Management Association conference in Houston, Texas. CelsiusPro, who work in partnership with Swiss Re are already known for their online platform and this announcement marks the […]

The Chicago Mercantile Exchange (CME) has recently added a new location where monthly and seasonal rainfall index futures can be traded. The CME now offer ten locations in the U.S. where these rainfall weather risk products can be bought and sold.

The inclement global weather conditions experienced during 2010 have impacted many businesses and industries. One area that has been particularly badly hit was commodities. The prices that companies pay for commodities have been rising steadily and a lot of that rise has been due to the weather.

Natural gas suppliers receive a lot of bad press in Europe, particularly in the UK, over rising prices and supply issues. Wholesale gas prices have been on the rise for a number of years and those price rises are always passed on to the consumer. A Reuters article got us thinking that perhaps it need […]