in detail

The Risk Management Process

Our simple, yet flexible, process kick-starts your energy risk strategy and keeps it fine-tuned to the market.

The Risk Management Process

Step by step

Together, we’ll create a mutually agreed plan that outlines the steps we’ll go through. Should a change in your circumstances arise, we can refine the plan at any point in the entire process.

GATHERING DATA AND IDENTIFYING GOALS

Your Energy Risk Manager will start by working with you to gain an understanding of where you are exposed to energy price fluctuations. Discussion points may include:

  • Your current and future business environment
  • Your current financial position and budgets
  • Stakeholder objectives and needs
  • Your attitude to risk
  • Required energy consumption
  • Energy cost calculations

PREPARING AND IMPLEMENTING YOUR ENERGY PRICE RISK PLAN

When you and your Energy Risk Manager have gained an understanding of your exposure, step 2 of the three-step-process can begin. Your Energy Risk Manager will suggest a range of tools to reduce your energy price exposure and work with you to formulate an overall energy risk strategy. You will get:

  • One knowledgeable client contact person with access to all resources
  • A full exposure analysis of your business
  • An independent outline of the implications of various strategies

REVIEWING YOUR PLAN

An important part of the process is to regularly review the performance of your energy price risk plan with your advisor. Your ongoing relationship with your Energy Risk Manager may involve:

  • Tracking your account
  • Valuing and reviewing your positions
  • Informing you of new opportunities as they emerge, and
  • Consultations as required

Get in touch

Call one of our team members if you would like to know how GRM can help mitigate your energy price risks.

Contact Global Risk Management
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
The Risk Management Process
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