Polish translation: zabezpieczyć pozycje w zakresie CER
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
15:49 Jul 3, 2007
English to Polish translations [PRO] Bus/Financial - Business/Commerce (general)
English term or phrase:to hedge CER positions
Throughout 2006, Phase Two EUA prices were below the switch price. During that time, Phase Two German power was not yet actively traded since the forward power market generally focuses more of the front year, i.e. 2007 contracts throughout 2006. This implies that utilities were not yet massively hedging 2008 power contracts and net demand for Phase Two allowances was low. On the supply side, CERs were already being hedged; i.e. companies shorting Dec08 EUAs to ***hedge CER positions***. Therefore, with supply
exceeding demand, prices remained below the benchmark switch price signal given by coal and gas price fundamentals.