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Energy Derivative

A derivative whose underlying asset is an energy product. Many energy products trade both over the counter and on exchanges…

Electricity Derivative

An energy derivative in which the underlying is the price of electricity. This derivative allows the buyer (holder or long)...

Energy Futures

A futures contract in which one counterparty is obliged to deliver or receive an energy commodity (e.g., gas, fuel, etc.)...

Dark Spark Spread

A spark spread that captures the gross margin reflecting the economics of a coal-fired power plant. More specifically, it refers...

Dark Spread Option

An option on the dark spread, i.e., on the gross margin from electricity generated using coal. More specifically, this option...

Dark Spread Swap

An energy swap that involves the exchange of the dark spread, i.e., the variable primary energy price of coal and...

Petroleum Derivative

An energy derivative which is traded on crude oil (petroleum) and petroleum derivatives (by-products). This includes contracts on crude oil,...