November 6, 2023 (NO COMMENTS)

Energy firms are turning to new credit optimisation services to manage counterparty risk in the increasingly volatile European gas and power markets. An automated credit reduction service offered by Griffin Markets is being used by around 20 energy firms, with the first two runs in September and October generating credit-reducing trades with a notional value of €1 billion ($1.07 billion). Nick Jackson, chief operating officer at Griffin, says the energy broker has seen strong demand for the