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How to deal with risks and uncertainties?

Rafael Herzberg's picture
Consultant energy affairs, Self employed

Rafael Herzberg- is an independent energy consultant, self-employed (since 2018) based in São Paulo, Brazil* Focus on C level, VPs and upper managers associated to energy related info, analysis...

  • Member since 2003
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  • Dec 7, 2020

How to deal with risks and uncertainties?

Risk is a variable that can be mitigated. For example, closing long-term, fixed-price power supply contracts to avoid short and medium-term price volatility.

Uncertainty stems from unpredictability. The variables at stake are unknown. For example, a long-term blackout that made normal activities unfeasible.

The "recipe" is simple. Know the variables that influence your activity to, in the sequence, study the possibilities of mitigating the effects linked to undesired situations.

It will always be better to plan. Identify the risks and have a "plan B" prepared. For a well-known reason: the costs will be lower than the alternative - to improvise.


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Thank Rafael for the Post!
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