Energy Markets 7

Which of the following financial instruments makes use of the clearing house?

• Forwards

• Options

• Futures

• Commodities

Which of the following gas hubs is not in Europe?

• National Balancing Point

• Henry Hub

• Title Transfer Facility

• Net Connect Germany

What does NOT make electricity special when compared to other commodities?

• Timing of delivery is crucial

• Need for strict balancing

• Not storable

• High spot price volatility

Which of the following is not a financial risk?

• Price risk

• Credit risk

• Liquidity risk

• Operational risk

Which of the following comes usually first in the merit order curve?

• Hydro

• Nuclear

• CCGT

• Hard Coal

What does NOT influence the merit order in short run?

• Weather

• Season

• Maintenance and failure of plants

• Regulation

What does NOT influence the merit order in the long run

• Technological change

• Regulation

• Changes in capacity

• Weather

Which of the following is the correct name for the margin of already CO2 compensated natural gas?

• Dark spread

• Spark spread

• Clean bread spread

• Clean spark spread