Yorkshire Water Power Derivatives Hedging Programme
Yorkshire Water Services Limited (“YWS”), the water supply and treatment utility company servicing Yorkshire and parts of North Lincolnshire and Derbyshire, England, completed its first power hedging programme, locking into favourable forward electricity cost prices for its current regulatory price control.
Centrus provided financial advice to YWS covering the design, structure, documentation and execution of the hedging programme.
Adrian Hunt, Group Treasurer YWS This power hedging programme is an important part of removing cost uncertainty from our business in the near to medium term. Centrus supported us through the execution process, providing us with valuable market insight and pricing transparency allowing us to undertake the programme of trades with confidence