Centrica, a U.K. electricity and gas supplier, will hedge its wind exposure when its first wind farms start running next year. Stuart Jones, business development manager at Centrica, said the corporate is talking to potential counterparties about derivatives strategies for wind hedging.
"Wind is going to be a big thing for us," said Jones. He noted the corporate still has a lot of research to do and has not chosen a counterparty. "We will be looking to put some derivatives structures in place over the next 12-18 months," said Jones. The farm is in North-East Scotland.
