Risk Management Show Electricity Risks: What Every Risk Manager Must Know with Imane Bakkar
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Oct 13, 2025 Imane Bakkar, a risk management professional with 25 years of experience and a former central banking policymaker, delves into the complexities of electricity market risks. She discusses why firms must focus on these challenges due to rising renewable dependencies and new demands like electric vehicles and crypto. Imane highlights key obstacles such as data standardization and power curve modeling. She also offers practical recommendations for risk managers to effectively navigate this evolving landscape and emphasizes the broader impacts on monetary policy and financial stability.
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Electricity Is An Operational Single Point
- Electricity dependency makes power outages a core operational risk for financial firms with electronic systems.
- Contingency planning for power failure is essential for payment systems and exchange connectivity.
Supply And Demand Are Evolving Rapidly
- Renewables changed the supply profile making electricity more weather-dependent and harder to model.
- New demand types like data centers, EVs and crypto add unpredictability to consumption patterns.
Start With Clean, Standardized Data
- Prioritize high-quality, standardized electricity data before building risk metrics or reports.
- Clean, robust data is required to achieve accurate risk measurement across regions and grids.