Munich Re targets growing global energy weather hedges
* Green power volatile, requires supply risk insurance
* Utilities, customers see growing need for cover
* Munich Re eyeing German local utilities
By Vera Eckert
Munich Re is seeing growing demand for weather exposure protection from energy companies and their customers as they roll out more renewable energy installations, which are prone to fluctuations.
Munich Re estimates the annual market at $3-4 billion in the U.S., significantly lower in Australia, more than 1 billion euros in Europe, and $200-$400 million in Latin America, said Rupert Wimmer, senior originator at its Swiss subsidiary New Re.
“The insured risk volume in the weather market for reinsurers increases by around 5% to 10% each year,” he told Reuters during this week’s E-World trade fair.
“The main drivers are the rise of renewable energy in the electricity generation mix, and thus the necessity to take cover against volatile production and volatile power prices,” he said, adding that New Re expects new customers to come from Britain, continental Europe, Australia and Latin America.
Munich Re competes with Swiss Re, Allianz and Japan’s Sompo in a market where policy prices are individualised and there is little public data.
Typical products are call or put options and weather swaps, which allow commodities sales or purchases volumes at relatively fixed margins.
Operators can use these products to limit the impact of the vagaries of wind, speeds, heat, cold, solar intensity and precipitation.
Using Europe’s stormy weather as an example, Wimmer said a utility might have produced and sold a lot of power from its turbines, but its thermal plants might have suffered from low power prices resulting from oversupply, while gas sales could also be curbed by mild weather.
Customers still taking 30-40 year averages as guidance might overlook global warming data from the more recent past, he added.
Meteorological data had become more reliable and inexpensive in recent years, giving contract parties independent knowledge on which to base deals.
Wimmer said transactions sometimes needed two to four years to be set up, adding: “We’d like to do more business with Germany’s local utilities.”
(Editing by Alexander Smith)
(c) Copyright Thomson Reuters 2020
Comments (96)
Keflex Injection chackreede buy cialis online forum Gorylele Keflex Allergic Reactions
hello guos 9128738515
Whats Taking place i am new to this, I stumbled upon this I’ve found It positively useful and it has helped me out loads. I am hoping to give a contribution & assist other users like its aided me. Great job.
I’m not sure where you’re getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for wonderful info I was looking for this information for my mission.
tadalafil 40 mg daily: http://tadalafilonline20.com/ 40 mg tadalafil
tadalafil 40 mg daily tadalafil 40
buy tadalafil
prescription drugs online without doctor generic pills
buy prescription drugs online without sildenafil without doctor prescription
buy prescription drugs online without: https://genericwdp.com/ prescription drugs without a doctor
viagra amazon where to buy viagra online
how much is viagra
viagra online usa viagra from canada
viagra cost per pill
where can i buy viagra over the counter cheap viagra online
buy generic 100mg viagra online
cost of viagra over the counter viagra
viagra online usa
viagra online usa how much is viagra
viagra from canada
best place to buy viagra online viagra cost
cheap viagra online
http://vsviagrav.com/ – viagra
how much is viagra where can i buy viagra over the counter
best over the counter viagra
viagra without a doctor prescription buying viagra online
viagra from canada
100mg viagra viagra over the counter
mexican viagra
paxil insomnia paxil for children
drug prices
http://paxil100.com/ – generic of paxil
drugs online
chloroquine tablets buy chloroquine usa
best drugs for erectile dysfunction
Thanks for all your efforts that you have put in this. very interesting information.
buy real viagra online https://viagrapills100.com/ over the counter viagra
buying viagra online https://viagrapills100.com/ viagra 100mg price
buy generic 100mg viagra online https://viagrapills100.com/ buy generic 100mg viagra online
viagra online usa https://viagrapills100.com/ viagra without a doctor prescription
ed pills online cheap ed pills in mexico
buy ed pills from canada
cheap ed pills from india cheap ed pills usa
cheap ed pills usa
ed pills without a doctor prescription cheap ed pills from canada
cheap ed pills from canada
cheap ed pills from india cheap ed pills in mexico
natural ed treatment
zithromax capsules price: generic zithromax – zithromax buy online
http://gabapentinst.com/# where to buy neurontin
Türkiyenin en iyi sosyal medya danışman sitesi olan takipcisatinalin.org ile hemen instagram takipçi satın al fenomen ol!
http://hydroxychloroquinest.com/# hydroxychloroquine tablet ip 200 mg
how much is generic neurontin: generic gabapentin – where can i buy neurontin online
http://zithromaxst.com/# generic zithromax online paypal
https://gabapentinst.com/# neurontin capsules 600mg
10mg prednisone daily: generic prednisone – prednisone cream over the counter
http://zithromaxst.com/# buy zithromax online australia
http://hydroxychloroquinest.com/# plaquenil best price
buying prednisone from canada: buy prednisone – prednisone 2 5 mg
https://zithromaxproff.com/# zithromax
zithromax 250 mg australia
https://zithromaxproff.com/# zithromax 500 mg lowest price pharmacy online
zithromax 500 without prescription
https://zithromaxproff.com/# buy generic zithromax online
zithromax buy online
https://zithromaxproff.com/# zithromax 500mg
zithromax online no prescription
http://zithromaxproff.com/# cost of generic zithromax
buy cheap zithromax online
buy terramycin: buy bactrim online
tinidazole for sale
keftab price: terramycin generic
order stromectol
terramycin for sale: keflex tablets
myambutol capsules
all generic meds from india: ordering medicine from india india pharmacy drugs
buy medication online from india: buy medication online from india india pharmacies shipping to usa
ordering medicine from india: buy prescriptions from india pharmacy usa pharmacy india
best online international pharmacies india: all generic meds from india usa pharmacy india
order prescription drugs from india: buy prescriptions from india pharmacy best india pharmacy
viagra pills: cialis ed pills red erectile dysfunction pill
ed meds: https://edpillsonline24.com/# cialis pills online
best erectile dysfunction pills review: mail order erectile dysfunction pills best ed pills
dating online dating
meet singles online
Hello tһere! This is myy fіrst visit to your blog! We
are a colplection of volunteers and staгting a
new initiatiᴠе in a community in tthe same niche. Youг blog
providеd us beneficial information to work on. You have dkne a
оutstanding јob!
Take a look at my web page; single chat sites
mail order erectile dysfunction pills: https://edpillsonline24.com/# best erectile dysfunction pills
Saved as a favorite, I really like your blog!
viagra pills: ed meds cialis pills
viagra pill non prescription viagra viagra online no prescription
canadian viagra: non prescription viagra buy viagra online without prescription
free local personals
single chatting free
100mg viagra non prescription viagra non prescription viagra
viagra generic: viagra no prescription viagra without a doctor prescription
free chat and dating online
free meet me site
Hі, I ddо think this is a great web site. I stumbledupߋn іt 😉 I’m going to revisit ʏet again since
I bok marked it. Money andd frteedom is the best way to change, may you be
rich annd continue to uide other people.
Here is my web blog payday loans tv advert
https://gcialisk.com/ – cialis pills for sale
http://diflucanst.com/# diflucan prescription uk
buy generic doxycycline: doxycycline – doxycycline order online
http://clomidst.com/# clomid buy
diflucan 150 capsule: cheap diflucan – can you order diflucan online
viagra professional
https://diflucanst.com/# buy diflucan pill
online dating site
meet singles online
best online canadian pharmacy
diflucan prescription: diflucan tablet price – diflucan over the counter
best canadian mail order pharmacies
http://doxycyclinest.com/# doxycycline 150 mg
doxycycline 100mg tablets: cheap doxycycline – doxycycline hyc 100mg
http://doxycyclinest.com/# doxycycline 100mg tablets
paxil erectile dysfunction: cheap paxil – paxil for anxiety
http://lasixst.com/# furosemide
furosemida: lasix – furosemide
paxil for panic attacks: paxil generic – paxil 10 mg
paxil ocd: paxil generic – paxil 10mg