Risk.net

TFS Energy completes $50 million weather auction

Offers were solicited for cumulative average temperature calls in Madison, Wisconsin, and Cedar Rapids, Iowa, for the June to August 2008 time period. A total of $50 million in notional risk was placed in the auction and its capacity in the market was oversubscribed, according to TFS. The broker has previously hosted auctions ranging from $1 million to upwards of $60 million of transferred risk. “The consistent yearly end user interest we are seeing in the weather market is an excellent indi