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Market Risk Management at Russian Power Companies

Market Risk Management at Russian Power Companies

KPMG in Russia and the CIS published the results of a study of market risk management at Russian power companies.


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The purpose of the study was to obtain information on the state of risk management at Russian power companies, including the organisation of risk management processes and methods, quantitative risk assessment,the exchange-traded instruments used and future plans for market risk management.

To this end, we surveyed more than 200 Russian power companies in 2011. To collect the information, we asked management and key employees responsible for market risk management to complete a questionnaire.

The survey was carried out jointly with the Moscow Energy Exchange.

In light of the reforms to the Russian power sector and the movement towards tariff deregulation, the use of exchange-traded instruments making it possible to manage price of electricity and to accurately forecastfuture cash fl ows from electricity trading, whatever the fl uctuations in the price of electricity, is become more and more important for companies. The experience of foreign countries shows that setting up energyexchanges enables companies to improve fi nancial risk management.

© 2021 KPMG refers  JSC “KPMG”, “KPMG Tax and Advisory” LLC, companies incorporated under the Laws of the Russian Federation, and KPMG Limited, a company incorporated under The Companies (Guernsey) Law, as amended in 2008, member firms of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

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