The notional eliminated in the latest triReduce energy cycle grew to $12.1 billion (single-counted), a 110 percent increase over its previous all-time high cycle in March.
TriOptima also revealed that line items eliminated similarly grew 65 percent.
With 14 participants, including energy firms and financial institutions, the terminated trades covered a broad spectrum of energy swaps.
The $12.1 billion notional translates into 182 million MWh in power, both physical forwards and financial swaps terminated, 458 million MWh of natural gas physical forwards terminated, and 5.3 million in MT of coal financial swaps eliminated.
“This latest compression cycle saw a major increase in participation and results.” said Mattias Palm, TriOptima’s business manager for commodities.
“We are seeing strong support grow among commodities market participants as they realise the risk management benefits of triReduce compression. Since 2011 we have terminated $41.2 billion in commodity swaps, 29 percent of that in the last cycle.”
