Painful mistakes
The use of spreadsheets remains widespread in the energy trading sector, but the risks are high. Pauline McCallion looks at how these traps can be avoided
Despite the sophistication and bespoke nature of today's energy trading and risk management (ETRM) software, the use of spreadsheets remains widespread, bringing with it a huge increase in operational risk.
Estimates for the number of spreadsheets in use at any one time range from thousands to even millions for larger organisations. A recent survey of 32 energy companies by ETRM software vendor Triple Point Technology found 70% use spreadsheets or internally-assembled systems to manage
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