Risk Appetite Report
RISK OFF: Buyers Take Conservative Approach in All Markets
The late winter blast of cold weather was met with a cold shoulder towards risk this week as buyers showed increased interested in fixed price products. Read more
Texas, New York Lead Week in Risk Tolerance
Buyers in ERCOT took the top honors for the week in terms of risk appetite. More than one-quarter of the load that ENGIE was asked to price was for index or flex products versus fixed price. NYISO customers also showed an increased interest in market risk for the week. Read more
Risk Off: Customers Look to Fixed Pricing
Customers in all four markets showed a decreased interest in risk this week. ERCOT buyers made the most dramatic move as they asked ENGIE to price 79% of their load at fixed levels versus 75% in the prior week. Read more
Does Latitude Drive Risk Attitude?
The week-over-week appetite for risk followed a latitudinal pattern. ERCOT and PJM buyers demonstrated a moderate increase in index or flex products this week and their counterparts farther North in NEPOOL and NYISO were more interested in fixed prices. The volume priced was on the high side. Read more
Buyers “Flex” Their Risk Muscles
For the first time since the customer risk appetite report was created, customers in three markets demonstrated appetites for 20% or more of their load at non-fixed prices. Other than PJM, index and flex products have been relatively popular this week and last. Read more
Northern Markets Continue Slight Preference for Risk
Compared to last week’s report, there is more uniformity across the geographic regions when it comes to risk tolerance. However, NEPOOL and NYISO continue to demonstrate a slightly bigger appetite for risk. Read more
Risk Appetite Wanes From North to South
NYISO and NEPOOL decision-makers remain the most interested in price risk. ERCOT buyers more than doubled their interest in price risk while PJM increased slightly and NEPOOL was unchanged week-over-week. Read more
Risk Tolerance: A Tale of Two Markets
ERCOT and NYISO opinions sit at opposite ends of the risk spectrum this week. Read more
BIG Changes in Customer Risk Appetites
The week preceding the holiday saw some major changes in risk appetites among customers. Read more
Market Risk Appetite: Two Up, Two Down
It was a volatile week in natural gas and electricity prices as most benchmarks moved lower. Read more