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An energy derivative is a derivative contract based on (derived from) an underlying energy asset, such as natural gas, crude oil, or electricity. [1] Energy derivatives are exotic derivatives and include exchange-traded contracts such as futures and options, and over-the-counter (i.e., privately negotiated) derivatives such as forwards, swaps and options.
The Ontario Energy Board is the provincial regulator of natural gas [1] and electricity utilities in Ontario, Canada. [2] This includes setting rates, and licensing all participants in the electricity sector including the Independent Electricity System Operator (IESO), generators, transmitters, distributors, wholesalers and electricity retailers, as well as natural gas marketers who sell to ...
The Ontario Power Authority (OPA) was an independent, non-profit corporation established through the Electricity Restructuring Act, 2004 (Bill 100). Licensed by the Ontario Energy Board , it reported to the Ontario legislature through the Ministry of Energy .
The term "resource rent" expresses the difference between the values of hydrocarbons extracted from a deposit and the total costs of exploring and producing the hydrocarbons, synonymous with excess profit. Resource rents will be distributed among the state and the oil companies engaged in extracting hydrocarbons in a license.
Petroleum production in Ontario expanded rapidly, and practically every significant producer became his own refiner. By 1864, 20 refineries were operating in Oil Springs and seven in Petrolia, Ontario. However, Ontario's status as an important oil producer did not last long. By 1880 Canada was a net importer of oil from the United States.
[1] [2] Canadian businesses exported $2.92 billion in products and services through CCC contracts during the CCC’s 2020-2021 fiscal year. [ 3 ] The Corporation was established in 1946 by an Act of the Parliament of Canada, the Canadian Commercial Corporation Act , and is accountable to the Parliament of Canada through the Minister of ...
The oil and gas industry operates in countries throughout the world in accordance with a number of different types of agreements. These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts.
Ontario Hydro was becoming financially and operationally dysfunctional. The situation forced Ontario Hydro to dramatically reduce staff and transmission investments. Ontario Hydro also published a document called Hydro 21. [7] This report suggested that electricity system in Ontario should be restructured in a more market oriented direction.