Categories - Energy Business Awards Asia 2007
The category explanations for each award are:
Asian energy markets are in the ascendance. This category honours that company operating in the Asia region which, in the opinion of its peers and the Awards Panel, is making a significant contribution to energy business. Companies can be large, integrated energy market specialists or smaller, more specialized players. All nominations are welcome and 'size' is not the criteria.
Energy trading and risk management, by definition, involves a trading-centric organisation looking to optimise profitability through financial and physical trading of energy products. This includes energy asset traders, financial institutions and brokerages. This category covers participants in any or all aspects of the energy complex.
The award is not for the firm that has transacted the most volume or made the most revenue from trading activities. The primary criteria for excellence are the development of business and/or market processes and practices that advance trading and trading efficiency as well as the measurement, management and execution of risk control.
This Award is not limited to those companies that manage their own risks but also extends to those which provide and develop risk management processes and infrastructure.
The key role of brokers in the energy complex is vital: ideally combining voice and electronic brokerage with data, commentary and analysis - thus optimising market efficiency and liquidity for both physical product and financial derivatives.
Price discovery and data services are key ingredients in assisting energy companies, banks and others throughout the energy complex to execute business more effectively, efficiently and profitably.
Markets for the trading of crude oil, refined products, natural gas, natural gas liquids, power, coal emission etc.
The developing markets for emissions, associated legislation, trading systems and products are key to facilitating the realisation of a new energy infrastructure. Whilst consideration will be given to those initiatives which have led to a reduction in GHG emissions, the scope of this Award extends to all emission markets and other business areas, such as environmental education, awareness and policy. While most focus is on GHG emissions, this Award reflects the pan-emissions marketplace and is not restricted to 'traded' markets. As such, this Award also embraces those market-based mechanisms, such as CDM projects, which lead to positive emission reductions and technology transfer to developing Asian markets.
Renewable energy technologies are capturing an increasingly larger market share of new bulk power. The panoply of renewable energy technologies are eligible in this category: wind, photovoltaics, biogas, biomass, geothermal, small hydropower, ocean energy conversion devices etc. The development and integration of renewable energy products and systems that promote a sustainable energy infrastructure are becoming increasingly critical. One of the areas of consideration in this category is the mitigation of security of supply concerns through the promotion of renewable energy resources. Other areas to be considered are the development of marketing and customer relationship management programmes to promote renewable energy. Consideration will also be given to the challenge of introducing the right policy frameworks and financial tools to enable renewable energy to achieve its market potential.