What is P&D? Could you please provide a link?Thanks

<t>In some markets (i.e. PJM, NEPOOL) you can get some HR option quotes from brokers and you can backout the market implied correlation. "severe correlation smile" Can you even see the power vol smile? How do you estimate the smile from hist data?"You can estimate volatilities from past data" if you...

AFAIK ICAP has daily vol quotes not spot

<t>Where do you even get Spot Vols? Are these historical estimates? " if I use a weighted average of forward and spot volatilities for power and gas in simulating the intra-month price paths, the resulting option price is much closer to the market quotes" What kind of correlation is getting your Vol...

It is Asian in Strike and it knocks out at given barrier level

Has anyone priced a barrier type Heat Rate option?

I remember seeing some rankings of the top commod dealers?Is there anyone else in this space other than the following?DBGSMSJPMMLBNPSGDRKWCSUBS LEHFortiscitiBarc RBS

Is it more fun than hedging Generation?

LTrain,There are many people building all kinds of storage facilities but that does not mean they are financially exotic Is John Arnold Long the 9-9.50 calls now?

Are you at FPL?You mean the LARGE Wind deal that didn't go that great? I saw something rather exotic by them, but not sure if they are all that neutral

Is Centaurus doing any exotics?

When it comes to Non-vanilla stuff, I think all the players are still in the northeast (GS, MS, Sempra). Maybe FPL's operation in Houston??

What are the best energy trading shops in the US and EuropeUS: RBS Sempra, GS, MS, Constellation?EU: GS, MS, DB?

Take a look at the following Pollock, S. (2006)Trend Estimation and Detending, in Advances in Computational Economcis Finance and Management Science, Springer-VerlagOr some of his papers online

diogenes,What are some of the best trading shops for energy commodities in europe?