Our Retail Risk Management Standards Initiative

Recommended Practices for the Retail Electric and Gas Industries.

Extreme weather events in recent years such as the Polar Vortex of 2014, and the “bomb cyclone” and “artic outbreak” of January 2018, have highlighted the continuing challenges faced by participants in both power and gas retail markets.  More such challenges are sure to come.  Consequently, members of the CCRO have pointed out that there is a real need for authoritative and independently developed standards for risk management practices at retail energy providers (REPs). All retail market participants will benefit, including REPs, their suppliers, their credit support providers, regulators, and system operators.  Much like the wholesale standards published by the CCRO, these retail standards will help to advance risk management by providing participants a baseline of practices against which a specific REPs practices may be objectively benchmarked. These new REP practices will build upon the rich foundation of risk management recommendations that have been published by the CCRO over the last decade.

This initiative will serve more than just REP companies. The retail segment is very dynamic.  This creates unique opportunities and challenges for market participants supplying, credit supporting, and regulating these REPs.  This CCRO effort strives to provide a roadmap for all REPs to follow in order to distinguish themselves by demonstrating leading practices through use of these standards.
Larger energy companies with affiliated retail businesses will benefit by the integration of leading retail practices within affiliates.

Click the image at left to watch a presentation regarding this initiative at a recent CCRO meeting…

To get a sense of the scope of the initiative, the slide below was used recently to explain how retail risk topics are being organized into manageable “mini-projects”…

Join With Us Now and Get Involved

CCRO white papers are the shared work of the CCRO member companies.  You are invited to join the CCRO companies involved in this project, including Retail Energy Providers of all sizes, and their wholesale suppliers to help formulate, codify, and learn about the best practices that are needed to operate successfully in this industry.  We are always seeking additional participants that have:

• Strong aspirations for their company’s retail risk management

• Interest in sharing their knowledge while developing these industry standards

• A desire to be recognized as supporting this initiative

Membership cost is a function of size.  Contact us for more information: info@ccro.org

The current Leadership Team includes:

Initiative editors include:

Mansfield Oil, Steven Brown

Deca Energy, Michael Sergeev

Clean Choice Energy, John Burke

Gas South, Freddy Cardozo

Womble Bond, Paul Turner