Microsoft transfers risk of power prices that vary with the wind

by Brian Eckhouse, Bloomberg

Microsoft Corp. has helped develop a way to protect corporate buyers of clean power from electricity prices that go up and down with the weather.

The company is using a risk-management tool called a volume-firming agreement for almost 500 megawatts of wind projects, according to a blog post Tuesday. The contracts with the insurance giant Allianz SE reallocate weather-related risk away from corporate buyers of power.

Read more: https://www.bloomberg.com/news/articles/2018-10-16/microsoft-transfers-risk-of-power-prices-that-vary-with-the-wind?utm_content=business&utm_source=twitter&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_medium=social

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