News & Announcements

Shopping a hedge to multiple banks makes your pricing worse and signals your intentions before you trade. Learn how to price hedges privately and go to market once.

A deal-contingent hedge only takes effect if a transaction closes, letting a buyer lock deal economics between signing and close with no risk if the deal breaks. Learn how they work.

A PPA shifts more than flat price — settlement, shape, basis, volume, and credit risk all move. Learn where PPA price risk hides and how energy buyers and offtakers manage it.

D3 RINs and LCFS credits are the environmental credits that drive renewable natural gas economics. Learn what each credit is, what moves its value, and why RNG revenue is volatile.

Basis risk is the gap between the Henry Hub benchmark and your local delivery price. Learn why a benchmark hedge can still leave you exposed and how to hedge basis in natural gas.

Swaps lock a fixed price; options buy protection while keeping flexibility. Compare the cost, certainty, and trade-offs of each for energy hedging, and see when to use which.

A costless collar bounds an energy price between a floor and a cap, financed so the premiums roughly offset. Learn how collars work, what you give up, and when to use one.

Mark-to-market and value-at-risk measure commodity risk in different ways. Learn what each tells you, where VaR falls short in energy markets, and how to use them together.

A commodity hedging policy is the written control document that defines what a company hedges, with which instruments, how much, and who has authority. Learn what it contains and how to write one.