Navigating Power Markets: Instruments and Risk
A Seminar by Ritesh Kumar
Tuesday November 17, 2026
6:00 PM Seminar Begins
7:30 PM Reception
Hybrid Event
Fordham University
McNally Amphitheater
140 West 62nd Street
New York, NY 10023
Free Registration!
For Virtual Attendees: Please select virtual instead of member type upon registration.
Abstract:
The power market is characterized by unique market dynamics, price volatility, physical constraints, and the continuous interaction between electricity generation, transmission, demand, and financial markets. This presentation provides an overview of power market trading, key trading instruments, and risk management practices used by market participants to navigate these complexities.
It introduces the fundamentals of power market trading and explores the major instruments used to manage price and volume exposure, including physical and financial power contracts, forwards, futures, options, and other structured products. The presentation also examines the key risks faced by market participants, such as price, volume, basis, liquidity, credit, operational, and regulatory risks, and discusses approaches to identifying, measuring, and mitigating these risks.
Bio:
Ritesh Kumar is an energy specialist with more than 18 years of experience in energy modeling, risk management, price forecasting, asset valuation, and the pricing of structured instruments.
Ritesh currently works at Balyasny Asset Management as a Quantitative Risk Researcher in Commodity Risk Analytics. Prior to that, he worked at AES Clean Energy as a Quantitative Risk Manager, where he led a team of analysts responsible for pricing prospective deals and modeling risks for AES Clean Energy’s multi-billion-dollar portfolio. His work at AES focused primarily on renewable power, including solar, wind, and battery storage.
Prior to AES, Ritesh worked at NRG Energy, where, as a Risk Manager, he led a team of analysts managing risks across various ISOs, including ERCOT, PJM, NYISO, NEPOOL, and MISO. Before joining NRG Energy, Ritesh worked at Deutsche Bank as an Assistant Vice President, where he led a team of 10 analysts responsible for performing valuations for commodities and FX portfolios comprising positions across multiple geographies, including the Americas, Europe, and Asia-Pacific.
Ritesh has published several scholarly and peer-reviewed articles on energy modeling and risk management in leading finance journals and has pioneered novel solutions in these areas.
Ritesh earned a Master of Business Administration in Finance from Rice University in Houston and completed a certificate course in Mathematical Finance from IIQF. He also earned a Master’s degree in Data Analytics from Middle Georgia State University and a Bachelor’s degree in Mechanical Engineering from the National Institute of Technology.
